Tisch Multiple Sclerosis Research Center of New York Inc

EIN: 251922851 501(c)(3) Medical Research

New York, NY

Total Revenue
$10,372,263
Total Expenses
$10,688,042
Total Assets
$29,507,214
Net Assets
$15,213,683
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
Amanda B Oppenheimer
Phone
6465573900
Tax Period
2024-01-01 to 2024-12-31

Tisch Multiple Sclerosis Research Center of New York Inc, founded in 2005, is a mid-sized nonprofit in the Medical Research sector that reported $10.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

The purpose of Tisch Multiple Sclerosis Research Center of NY, Inc. is to conduct medical research directed toward finding the cause and eventual cure for multiple sclerosis.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,576,393
Program Service Revenue $247,000
Investment Income $-16,378
Other Revenue $4,565,248
TOTAL REVENUE $10,372,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,585,538
Fundraising Expenses $786,849
Program Expenses $8,833,467
Other Expenses $7,102,504
TOTAL EXPENSES $10,688,042

Year-over-Year Comparison

2024 2023 Change
Revenue $10,372,263 $11,745,150 -0.1%
Expenses $10,688,042 $10,398,811 +0.0%
Net Income $-315,779 $1,346,339 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
29
Employees
43
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
5
$182,976
Total Directors
30
$0
Key Employees
1
$182,976
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip Weisberg Chair 5.00
Officer Director
$0 $0 $0
Lee J Seidler Chairman Emeritus 0.50
Director
$0 $0 $0
Hillary Mandel Director 0.50
Director
$0 $0 $0
Enke Bashllari PhD Director 0.50
Director
$0 $0 $0
Cynthia Brodsky Director 0.50
Director
$0 $0 $0
Bonnie Eisler Director 0.50
Director
$0 $0 $0
Bradley H Freidrich Director 0.50
Director
$0 $0 $0
Charles Thoele Director 0.50
Director
$0 $0 $0
Paul Lattanzio Director 0.50
Director
$0 $0 $0
Bernadette Mariani Nominating Committee Chair 2.00
Director
$0 $0 $0
James Mariani Director 0.50
Director
$0 $0 $0
Elizabeth Maslow Montesano Director 0.50
Director
$0 $0 $0
Deven Parekh Director 0.50
Director
$0 $0 $0
Monika Parekh Director 0.50
Director
$0 $0 $0
Philip R Peller Audit Committee Chair 2.00
Director
$0 $0 $0
Philip J Purcell Director 0.50
Director
$0 $0 $0
Sharyl Reisman Secretary 2.00
Officer Director
$0 $0 $0
Saud A Sadiq MD Director/Chief Research Scientist 30.00
Officer Director
$0 $0 $0
Greta Rubin Schwartz Director 0.50
Director
$0 $0 $0
Richard Schwartz Director 0.50
Director
$0 $0 $0
Bonnie Tisch Director 0.50
Director
$0 $0 $0
Daniel Tisch Director 0.50
Director
$0 $0 $0
Paul Purcell Director 0.50
Director
$0 $0 $0
Alla Weisberg Director 0.50
Director
$0 $0 $0
Musa Mayer Director 0.50
Director
$0 $0 $0
Thomas R Mayer Director 0.50
Director
$0 $0 $0
Cliff Eisler Treasurer 2.00
Officer Director
$0 $0 $0
Amanda B Oppenheimer Chief Operating Officer 40.00
Officer Key Emp Highest
$182,976 $0 $182,976
Violaine Harris Senior Research Scientist 40.00
Highest
$264,722 $0 $264,722
Jerry Lin Senior Staff Associate 40.00
Highest
$134,967 $0 $134,967
Alan Tisch Director 0.50
Director
$0 $0 $0
William Drummy Jr Development Committee Chair 2.00
Director
$0 $0 $0
Jamie Wong Research Scientist 40.00
Highest
$131,001 $0 $131,001
Masooda Sultani Production Supervisor 40.00
Highest
$127,956 $0 $127,956
Jimmy Connell Director 0.50
Director
$0 $0 $0
Talene Kelly Director of Development 40.00
Highest
$139,197 $0 $139,197
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
2024 $10,372,263 $10,688,042 $29,507,214 $-315,779
2023 $11,745,150 $10,398,811 $32,159,816 $1,346,339
2022 $10,932,221 $9,428,826 $34,331,783 $1,503,395
2021 $12,621,293 $9,924,324 $14,119,730 $2,696,969
2020 $9,907,101 $10,064,420 $11,089,432 $-157,319
2019 $11,719,033 $9,425,896 $10,880,866 $2,293,137
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