THE INSTITUTE FOR NEW ECONOMIC THINKING INC (EIN 271916040) - 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

2010

Legal Domicile

Principal Officer

ROBERT JOHNSON

Phone

6467514900

Tax Period

2024-01-01 to 2024-12-31

THE INSTITUTE FOR NEW ECONOMIC THINKING INC, founded in 2010, is a small nonprofit in the Social Science sector that reported $430K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $5.8M exceeded revenue, resulting in a 1251% operating deficit.

Mission

THE INSTITUTE FOR NEW ECONOMIC THINKING, INC. ("INET") PROVIDES FRESH INSIGHT AND THINKING TO PROMOTE CHANGES IN ECONOMIC THEORY AND PRACTICE THROUGH CONFERENCES, GRANTS, AND EDUCATION INITIATIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $43,793

Program Service Revenue $0

Investment Income $365,227

Other Revenue $20,606

TOTAL REVENUE $429,626

Expense Breakdown

Grants Paid $474,371

Salaries & Benefits $2,221,900

Fundraising Expenses $615,249

Program Expenses $4,403,464

Other Expenses $3,107,160

TOTAL EXPENSES $5,803,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,626	$753,427	-0.4%
Expenses	$5,803,431	$5,988,488	0.0%
Net Income	$-5,373,805	$-5,235,061	+0.0%

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

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

$590,245

Total Directors

$603,935

Key Employees

$419,259

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT JOHNSON	PRESIDENT	40.00	Officer Director	$446,177	$75,258	$521,435
ROHINTON MEDHORA	DIRECTOR	1.00	Director	$0	$0	$0
SARAH ABELL	DIRECTOR	1.00	Director	$0	$0	$0
GAURAV DALMIA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DAVES	MANAGING DIRECTOR, GOVERNING BOARD	20.00	Director	$82,500	$0	$82,500
NEVA GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
ANATOLE KALETSKY	DIRECTOR	1.00	Director	$0	$0	$0
DRUMMOND PIKE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN A POWELL	DIRECTOR	1.00	Director	$0	$0	$0
GILLIAN TETT	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD VAGUE	DIRECTOR	1.00	Director	$0	$0	$0
JASON SHURE	CFO, THRU JUNE 2024	40.00	Officer	$49,709	$19,101	$68,810
DONNA FOLKERTS	CHIEF ADMIN OFFICER	40.00	Key Emp	$193,665	$12,162	$205,827
MATTHEW KULVICKI	DIRECTOR OF FILM AND VIDEO	40.00	Key Emp	$189,253	$24,179	$213,432
ALBERT T FERGUSON	DIRECTOR OF RESEARCH	40.00	Highest	$130,000	$4,514	$134,514
HESKE VAN DOONEN	DIRECTOR YOUNG SCHOLARS	40.00	Highest	$120,292	$44,521	$164,813
AUDRA AUCOIN	GRANTS MANAGER	40.00	Highest	$112,997	$40,837	$153,834
PIA MALANEY	ASSOC. REASEARCH DIRECTOR	40.00	Highest	$106,406	$55,989	$162,395

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	$429,626	$5,803,431	$9,916,689	$-5,373,805
2023	$753,427	$5,988,488	$15,497,843	$-5,235,061
2022	$1,256,577	$7,206,840	$21,303,856	$-5,950,263
2021	$24,831,883	$7,232,289	$26,645,757	$17,599,594

THE INSTITUTE FOR NEW ECONOMIC THINKING INC