HARVARD NEURODISCOVERY CENTER INC

EIN: 311745145 501(c)(3) Medical Research

BOSTON, MA

Total Revenue
$34,305
Total Expenses
$1,430,578
Total Assets
$552,095
Net Assets
$541,715
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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
MA
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

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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%)

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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

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Governance

Voting Members
6
Independent Members
1
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
2
$1,327,498
Total Directors
7
$3,038,507
Key Employees
0
$0
Highest Compensated
0
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
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