RALPH W & GRACE M SHOWALTER RESEAR… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Phone

8004962583

Tax Period

2023-06-01 to 2024-05-31

RALPH W & GRACE M SHOWALTER RESEARCH TR, founded in 1970, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $2.4M left a modest 3% surplus.

Mission

TO PROVIDE FOR MEDICAL AND SCIENTIFIC RESEARCH AT INDIANA AND PURDUE UNIVERSITY

Program Service Accomplishments

Program 1

Expenses: $1,185,300

PROVIDE PROGRAM SUPPORT FOR INDIANA UNIVERSITY SCHOOL OF MEDICINE, 1120 SOUTH DRIVE SUITE 302, INDIANAPOLIS, IN 46202

Program 2

Expenses: $967,859

PROVIDE PROGRAM SUPPORT FOR PURDUE UNIVERSITY, 610 PURDUE MALL HOVDE HALL, WEST LAFAYETTE, IN 47907-2040

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,456,510

Other Revenue $0

TOTAL REVENUE $2,456,510

Expense Breakdown

Grants Paid $2,022,559

Salaries & Benefits $270,400

Fundraising Expenses $0

Program Expenses $2,153,159

Other Expenses $86,107

TOTAL EXPENSES $2,379,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,456,510	$2,765,636	-0.1%
Expenses	$2,379,066	$2,234,369	+0.1%
Net Income	$77,444	$531,267	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	5.0		$270,400	$0	$270,400

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$2,456,510	$2,379,066	$45,303,762	$77,444
2023	$2,765,636	$2,234,369	$45,259,081	$531,267
2022	$4,423,045	$2,451,248	$44,723,750	$1,971,797
2021	$4,886,868	$2,327,140	$42,749,475	$2,559,728
2020	$1,697,009	$2,322,218	$40,182,961	$-625,209
2019	$2,625,687	$2,317,874	$40,802,208	$307,813
2018	$3,329,597	$2,290,962	$41,451,759	$1,038,635

RALPH W & GRACE M SHOWALTER RESEARCH TR