MIRCORE (EIN 270568407) - 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

2009

Legal Domicile

Principal Officer

Inhan Lee

Phone

7342888647

Tax Period

2023-01-01 to 2023-12-31

MIRCORE, founded in 2009, is a small nonprofit in the Medical Research sector that reported $376K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $333K left a modest 11% surplus.

Mission

We connect scientists with the general public through research, education, and advocacy so that more people can make informed decisions for a healthier life and society. Our volunteer students learn to perform computational research and to lead school clubs to educate other students. In 2021, we initiated miRcore vaccine advocacy to bring more people vaccinated against COVID 19. Since 2022, the vaccine advocacy has expanded to become miRcore science advocacy. In 2022, we initiated citizen scientist sequencing initiative. All activities are geared to democratize medical research and to build gene-literate American citizenry.

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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 $94,748

Program Service Revenue $281,728

Investment Income $0

Other Revenue $0

TOTAL REVENUE $376,476

Expense Breakdown

Grants Paid $741

Salaries & Benefits $157,584

Fundraising Expenses $0

Program Expenses $304,769

Other Expenses $175,084

TOTAL EXPENSES $333,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,476	$255,296	+0.5%
Expenses	$333,409	$272,365	+0.2%
Net Income	$43,067	$-17,069	-3.5%

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

Volunteers

300

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

$27,200

Total Directors

$27,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Inhan Lee PhD	President and Director	40	Officer Director	$27,200	$0	$27,200
James Proscia JD PhD	Director	1	Director	$0	$0	$0
Mi Dong MS	Director	1	Director	$0	$0	$0
Laura Nicholson	Director	1	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	$376,476	$333,409	$145,566	$43,067
2022	$255,296	$272,365	$102,499	$-17,069
2021	$267,358	$214,975	$119,568	$52,383
2020	$210,595	$168,836	$67,185	$41,759

MIRCORE