HARVARD NEURODISCOVERY CENTER 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

2000

Legal Domicile

Principal Officer

GEORGE Q DALEY MD

Phone

6174321142

Tax Period

2022-07-01 to 2023-06-30

HARVARD NEURODISCOVERY CENTER INC, founded in 2000, is a micro nonprofit in the Medical Research sector that reported $34K in total revenue in fiscal year 2022. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 4070% operating deficit.

Mission

NEUROSCIENCE-RELATED RESEARCH

Program Service Accomplishments

Program 1

Expenses: $1,381,878 Revenue: $0

MEDICAL RESEARCH PROGRAMS, INCLUDING, BUT NOT LIMITED TO, THE LABORATORY FOR DRUG DISCOVERY NEURODEGENERATION PROGRAM, THE 3T MRI AND PET PROGRAM, THE BIOMARKER PROGRAM, ETC.

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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 $33,154

Program Service Revenue $0

Investment Income $1,151

Other Revenue $0

TOTAL REVENUE $34,305

Expense Breakdown

Grants Paid $1,332,967

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,381,878

Other Expenses $97,611

TOTAL EXPENSES $1,430,578

Year-over-Year Comparison

	2022	2021	Change
Revenue	$34,305	$93,242	-0.6%
Expenses	$1,430,578	$1,484,965	0.0%
Net Income	$-1,396,273	$-1,391,723	+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

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

$1,327,498

Total Directors

$3,038,507

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE Q DALEY MD	President	1.0	Officer Director	$0	$39,013	$970,197
JEFFREY W HARPER	TRUSTEE	1.0	Director	$0	$69,089	$541,907
MICHAEL E GREENBERG	TRUSTEE	1.0	Director	$0	$38,788	$516,829
JULIE A JONCAS	TRUSTEE	1.0	Director	$0	$49,471	$514,301
DAVID SMALLWOOD	Treasurer	1.0	Officer Director	$0	$68,585	$357,301
DENNIS J SELKOE MD	TRUSTEE	1.0	Director	$0	$12,518	$137,972
BRADLEY T HYMAN MD PHD	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$34,305	$1,430,578	$552,095	$-1,396,273
2022	$93,242	$1,484,965	$1,937,988	$-1,391,723
2021	$139,693	$1,635,879	$3,333,990	$-1,496,186
2020	$82,883	$1,082,423	$4,826,896	$-999,540
2019	$246,356	$1,404,745	$6,128,731	$-1,158,389
2018	$4,857,835	$2,669,887	$5,658,517	$2,187,948