NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION (EIN 311020010) - 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

1981

Legal Domicile

Principal Officer

JEFFERY BORENSTEIN MD

Phone

6466814888

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION, founded in 1981, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2023. The organization ran a surplus of $7.2M, a strong 33% operating margin.

Mission

TO RAISE & DISTRIBUTE FUNDS FOR THE MOST PROMISING PSYCHIATRIC DISEASE RESEARCH IN ORDER TO DEV. NEW PREVENT. MEASURES, BETTER DIAGNOSIS & IMPROVED TREATMENTS FOR THESE CONDITIONS.

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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 $19,746,350

Program Service Revenue $0

Investment Income $1,735,482

Other Revenue $184,399

TOTAL REVENUE $21,666,231

Expense Breakdown

Grants Paid $10,443,150

Salaries & Benefits $2,987,917

Fundraising Expenses $897,389

Program Expenses $11,846,300

Other Expenses $1,036,837

TOTAL EXPENSES $14,467,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,666,231	$22,664,940	0.0%
Expenses	$14,467,904	$13,927,948	+0.0%
Net Income	$7,198,327	$8,736,992	-0.2%

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

213

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

$1,031,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY BORENSTEIN	President & CEO	35.0	Officer	$596,615	$0	$596,615
LOUIS INNAMORATO CPA	CFO	35.0	Officer	$389,241	$45,888	$435,129
FAITH ROTHBLATT	VP of Development	35.0	Highest	$288,317	$17,913	$306,230
LAUREN DURAN	VP of M&C	35.0	Highest	$240,435	$0	$240,435
SHO TIN CHEN	Director of Research Grants	35.0	Highest	$219,609	$17,913	$237,522
PETER TARR	Editorial/Writer Director	35.0	Highest	$171,585	$17,916	$189,501
JOHN BAYAT	Senior Accountant	35.0	Highest	$139,459	$208	$139,667
GEOFFREY SIMON	Chairman	2.0	Officer Director	$0	$0	$0
MIRIAM KATOWITZ	Vice President	1.0	Officer Director	$0	$0	$0
DONALD M BOARDMAN	Treasurer	1.0	Officer Director	$0	$0	$0
JOHN R OSTERHAUS	Secretary	1.0	Officer Director	$0	$0	$0
CAROL ATKINSON	Director	0.5	Director	$0	$0	$0
J ANTHONY BOECKH	Director	0.5	Director	$0	$0	$0
MARTIN H BORELL	Director (as of 3/4/23)	0.5	Director	$0	$0	$0
JUDY GENSHAFT	Director	0.5	Director	$0	$0	$0
JOHN KEN HARRISON	Director	0.5	Director	$0	$0	$0
JOHN B HOLLISTER	Director	0.5	Director	$0	$0	$0
CAROLE H MALLEMENT	Director	0.5	Director	$0	$0	$0
MILTON MALTZ	Director	0.5	Director	$0	$0	$0
JEFFREY R PETERSON	Director	0.5	Director	$0	$0	$0
MARC R RAPPAPORT	Director	0.5	Director	$0	$0	$0
MARY E RUBIN	Director	0.5	Director	$0	$0	$0
VIRGINIA M SILVER	Director	0.5	Director	$0	$0	$0
KENNETH H SONNENFELD	Director	0.5	Director	$0	$0	$0
BARBARA K STREICKER	Director	0.5	Director	$0	$0	$0
BARBARA TOLL	Director	0.5	Director	$0	$0	$0
ROBERT WEISMAN	Director	0.5	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	$21,666,231	$14,467,904	$53,127,638	$7,198,327
2022	$22,664,940	$13,927,948	$43,811,681	$8,736,992
2021	$18,359,337	$14,418,118	$44,896,085	$3,941,219
2020	$20,589,504	$23,115,485	$44,519,255	$-2,525,981
2019	$26,054,779	$20,207,652	$37,443,086	$5,847,127
2018	$19,768,175	$19,328,117	$28,420,093	$440,058

NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AND DEPRESSION