MAX PLANCK FLORIDA CORPORATION (EIN 262117502) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

DAVID FITZPATRICK

Phone

5619729000

Tax Period

2023-01-01 to 2023-12-31

MAX PLANCK FLORIDA CORPORATION, founded in 2007, is a mid-sized nonprofit in the Medical Research sector that reported $26.4M in total revenue in fiscal year 2023. Expenses of $29.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO EXPAND KNOWLEDGE OF THE BIOSCIENCES, EDUCATE AND TRAIN YOUNG SCIENTISTS FOR BIOMEDICAL RESEARCH AND IMPROVE HUMAN WELFARE BY APPLYING BREAKTHROUGHS IN RESEARCH TO THE ADVANCEMENT OF MEDICAL DIAGNOSIS AND MEDICAL CARE FOR THE PUBLIC'S BENEFIT.

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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 $25,631,436

Program Service Revenue $428,754

Investment Income $335,647

Other Revenue $8,967

TOTAL REVENUE $26,404,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,787,807

Fundraising Expenses $792,611

Program Expenses $27,177,190

Other Expenses $12,584,246

TOTAL EXPENSES $29,372,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,404,804	$25,710,512	+0.0%
Expenses	$29,372,053	$26,604,986	+0.1%
Net Income	$-2,967,249	$-894,474	+2.3%

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

Employees

176

Volunteers

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

$2,385,861

Total Directors

$541,364

Key Employees

$1,028,760

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIN TIAN	SCIENTIFIC DIRECTOR	40.00	Officer	$574,006	$20,680	$594,686
DAVID FITZPATRICK	CHIEF EXECUTIVE OFFICER/SC	40.00	Officer Director	$483,668	$57,696	$541,364
RYOHEI YASUDA	SCIENTIFIC DIRECTOR	40.00	Officer	$365,165	$65,891	$431,056
IVAN BAINES	COO/TREASURER	40.00	Officer	$297,968	$32,134	$330,102
DORIS FORCHHEIMER	VP FINANCE	40.00	Officer	$195,579	$51,639	$247,218
HOLLIE PEREZ	VP HUMAN RELATIONS	40.00	Officer	$196,868	$44,567	$241,435
IDRIS EL-AMIN	HEAD, ATTENDING VETERINARI	40.00	Key Emp	$185,209	$51,676	$236,885
NAOMI KAMASAWA	HEAD, IMAGING & ELECTRON M	40.00	Key Emp	$174,948	$40,636	$215,584
EDWARD CHWIESENI	HEAD, INFORMATION TECHNOLO	40.00	Key Emp	$157,973	$50,169	$208,142
MARTHA BOLTON	RESEARCH GROUP LEADER	40.00	Key Emp	$157,887	$26,708	$184,595
YINGXUE WANG	RESEARCH GROUP LEADER	40.00	Key Emp	$156,846	$26,708	$183,554
ASIFA AKHTAR	CHAIR OF THE BOARD	40.00	Officer Director	$0	$0	$0
DIRK BASTING	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE ELMORE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FISCHER	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS FREEH	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HARPEL	TRUSTEE	1.00	Director	$0	$0	$0
NEEN HUNT	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH KAHN	TRUSTEE	1.00	Director	$0	$0	$0
NASSER KAZEMINY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MITRIONE	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY NOVAK	TRUSTEE	1.00	Director	$0	$0	$0
MARY JANE PANATTONI	TRUSTEE	1.00	Director	$0	$0	$0
BILL POPE	TRUSTEE	1.00	Director	$0	$0	$0
BERNARD POUSSOT	TRUSTEE	1.00	Director	$0	$0	$0
MARKUS SCHLEIER	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SLOANE	TRUSTEE	1.00	Director	$0	$0	$0
JAMES WEINSTEIN	TRUSTEE	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$26,404,804	$29,372,053	$105,851,053	$-2,967,249
2022	$25,710,512	$26,604,986	$102,337,886	$-894,474
2021	$26,052,125	$24,679,366	$113,101,078	$1,372,759
2020	$23,672,178	$23,204,166	$109,898,600	$468,012
2019	$22,460,127	$24,657,128	$107,904,084	$-2,197,001
2018	$23,414,380	$22,891,757	$105,580,803	$522,623

MAX PLANCK FLORIDA CORPORATION