THE BROAD INSTITUTE INC (EIN 263428781) - 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

2008

Legal Domicile

Principal Officer

TODD GOLUB INSTITUTE DIRECTOR

Phone

6177147563

Tax Period

2022-07-01 to 2023-06-30

THE BROAD INSTITUTE INC, founded in 2008, is a major nonprofit in the Medical Research sector that reported $860.4M in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $129.9M, a strong 15% operating margin.

Mission

FORM 990, PART I, LINE 1 THE MISSION OF THE BROAD INSTITUTE IS TO PROPEL PROGRESS IN BIOMEDICINE, THROUGH RESEARCH AIMED AT THE UNDERSTANDING AND TREATMENT OF DISEASE, AND THE DISSEMINATION OF SCIENTIFIC KNOWLEDGE TO THE SCIENTIFIC COMMUNITY TO BENEFIT THE PUBLIC. WE ARE A RESEARCH ORGANIZATION DEDICATED TO BETTER UNDERSTANDING THE ROOTS OF DISEASE AND NARROWING THE GAP BETWEEN NEW BIOLOGICAL INSIGHTS AND IMPACT FOR PATIENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $694,260,151

Program Service Revenue $81,122,857

Investment Income $51,269,020

Other Revenue $33,698,543

TOTAL REVENUE $860,350,571

Expense Breakdown

Grants Paid $88,560,430

Salaries & Benefits $310,972,640

Fundraising Expenses $3,362,645

Program Expenses $579,202,462

Other Expenses $330,950,828

TOTAL EXPENSES $730,483,898

Year-over-Year Comparison

	2022	2021	Change
Revenue	$860,350,571	$1,051,116,110	-0.2%
Expenses	$730,483,898	$826,345,984	-0.1%
Net Income	$129,866,673	$224,770,126	-0.4%

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

2729

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

$2,175,611

Total Directors

$874,632

Key Employees

$1,393,889

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD GOLUB	INSTITUTE DIRECTOR	60.0	Officer Director	$817,744	$56,888	$874,632
STACEY GABRIEL	CHIEF GENOMICS OFFICER	60.0	Key Emp	$677,438	$47,886	$725,324
JESSE SOUWEINE	CHIEF OPERATING OFFICER	60.0	Key Emp	$606,831	$61,734	$668,565
MORGAN SHENG	CORE INSTITUTE MEMBER	60.0	Highest	$589,146	$59,981	$649,127
DAN SHORE	CFO/TREASURER	60.0	Officer	$440,845	$58,454	$499,299
HEATHER JANKINS	SEE SCHEDULE O	60.0	Highest	$440,373	$58,125	$498,498
MICHAEL CHRISTIANO	CHIEF BUSINESS OFFICER	60.0	Highest	$437,068	$57,516	$494,584
NIALL LENNON	SR DIR TRANSLATIONAL GENOMICS	60.0	Highest	$434,037	$57,467	$491,504
SHEILA DODGE	SR. DIRECTOR GP OPERATIONS	60.0	Highest	$435,071	$51,298	$486,369
WANDA CORDOVA	SEE SCHEDULE O	60.0	Officer	$285,403	$31,653	$317,056
CORRINA L HALE	SR. COUNSEL/CLERK (BEG 10/22)	60.0	Officer	$233,042	$43,062	$276,104
LAURIE PESSAH	BOD ADMIN/ASSISTANT CLERK	60.0	Officer	$162,681	$45,839	$208,520
JUSTINE LEVIN-ALLERHAND	SEE SCHEDULE O	60.0		$150,000	$0	$150,000
ERIC E SCHMIDT	DIRECTOR	1.0	Director	$0	$0	$0
DAVID BALTIMORE	DIRECTOR	1.0	Director	$0	$0	$0
GEORGE Q DALEY	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM HELMAN	DIRECTOR	1.0	Director	$0	$0	$0
SETH KLARMAN	DIRECTOR	1.0	Director	$0	$0	$0
ARTHUR LEVINSON	DIRECTOR	1.0	Director	$0	$0	$0
MARK NUNNELLY	DIRECTOR	1.0	Director	$0	$0	$0
L RAFAEL REIF	DIRECTOR (UNT 12/22)	1.0	Director	$0	$0	$0
PHILLIP SHARP	DIRECTOR	1.0	Director	$0	$0	$0
SHIRLEY TILGHMAN	DIRECTOR	1.0	Director	$0	$0	$0
GERUN RILEY	DIRECTOR	1.0	Director	$0	$0	$0
LAWRENCE BACOW	DIRECTOR (UNT 6/23)	1.0	Director	$0	$0	$0
JAMES MANYIKA	DIRECTOR	1.0	Director	$0	$0	$0
MARGARET HAMBURG	DIRECTOR	1.0	Director	$0	$0	$0
RMARTIN CHAVEZ	DIRECTOR	1.0	Director	$0	$0	$0
RAVI THADHANI	DIRECTOR (UNT 10/22)	1.0	Director	$0	$0	$0
LAURIE GLIMCHER	DIRECTOR (BEG 5/23)	1.0	Director	$0	$0	$0
SALLY KORNBLUTH	DIRECTOR (BEG 1/23)	1.0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$860,350,571	$730,483,898	$2,674,332,180	$129,866,673
2023	$860,350,571	$730,483,898	$2,674,332,180	$129,866,673
2022	$1,051,116,110	$826,345,984	$2,728,165,745	$224,770,126
2021	$1,335,739,561	$861,969,125	$2,626,387,661	$473,770,436
2020	$586,860,976	$521,492,487	$1,666,576,375	$65,368,489
2019	$536,846,609	$507,857,066	$1,573,269,113	$28,989,543
2018	$447,333,733	$469,025,486	$1,551,169,999	$-21,691,753

THE BROAD INSTITUTE INC