BRAIN SCIENCE FOUNDATION INC

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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

STEVEN HALEY

Phone

6178525230

Tax Period

2022-10-01 to 2023-09-30

BRAIN SCIENCE FOUNDATION INC, founded in 2009, is a micro nonprofit that reported $17K in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3K, a strong 18% operating margin.

Mission

DEDICATED TO FINDING A CURE FOR MENINGIOMA AND OTHER PRIMARY BRAIN TUMORS AND TO ADVANCING THE UNDERSTANDING OF BRAIN FUNCTION AS IT RELATES TO THESE TUMORS. THE BRAIN SCIENCE FOUNDATION, INC. SUPPORTS BASIC AND CLINICAL RESEARCH, PROMISING NEW TREATMENT AND SCIENTIFIC AND EDUCATIONAL PURPOSES IN THE BRAIN SCIENCE.

Program Service Accomplishments

Program 1

Expenses: $14,057

SUPPORT THE WORK AND GOALS OF THE INSTITUTE FOR THE NEUROSCIENCES AT MASSACHUSETTS GENERAL BRIGHAM IN BASIC AND CLINICAL RESEARCH, PROMISING NEW DIAGNOSTIC METHODS, TREATMENTS, AND OPPORTUNITIES TO IMPROVE THE QUALITY OF PATIENT CARE, RESEARCH, TREATMENT AND CURE FOR BRAIN TUMORS. THE BOARD OF DIRECTORS FOR THE BRAIN SCIENCE FOUNDATION INC VOTED AND APPROVED THE ENTITY WILL CLOSE AND CEASE OPERATIONS EFFECTIVELY 09/30/2023. ALL FINAL TAX RETURNS AND REQUIRED FILINGS WILL BE FILED AFTER THE CLOSING OF THE FISCAL YEAR (OR EARLIER). THE ENTITY WILL ALSO BE DISSOLVED WITH THE COMMONWEALTH OF MASSACHUSETTS ATTORNEY GENERAL'S OFFICE.

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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 $17,165

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,057

Other Expenses $14,057

TOTAL EXPENSES $14,057

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,165	$10,683	+0.6%
Expenses	$14,057	$9,629	+0.5%
Net Income	$3,108	$1,054	+1.9%

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
SUSAN AHARONIAN	TREASURER	N/A	Director	$0	$0	$0
DIANE COLETTI	DIRECTOR	N/A	Director	$0	$0	$0
KATHLEEN P HALEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STEVEN HALEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
LYNSEY COZENS	CLERK	1.00	Officer	$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
2023	$17,165	$14,057	No data	$3,108
2022	$10,683	$9,629	$533	$1,054
2021	$25,557	$10,288	$8	$15,269
2020	$29,241	$14,998	$1,302	$14,243
2019	$48,782	$24,327	$3,304	$24,455
2018	$27,103	$42,309	$2,258	$-15,206