THE SCRIPPS RESEARCH INSTITUTE (EIN 330435954) - 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

1924

Legal Domicile

Principal Officer

PETER SCHULTZ PHD

Phone

8587841000

Tax Period

2023-10-01 to 2024-09-30

THE SCRIPPS RESEARCH INSTITUTE, founded in 1924, is a major nonprofit in the Medical Research sector that reported $641.1M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $112.7M, a strong 18% operating margin.

Mission

TSRI CONDUCTS BIOMEDICAL AND BIOCHEMICAL RESEARCH AND POSTGRADUATE TRAINING PROGRAMS.

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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 $370,268,955

Program Service Revenue $2,212,057

Investment Income $30,267,045

Other Revenue $238,358,106

TOTAL REVENUE $641,106,163

Expense Breakdown

Grants Paid $127,840,846

Salaries & Benefits $203,451,715

Fundraising Expenses $8,831,207

Program Expenses $476,828,041

Other Expenses $196,756,129

TOTAL EXPENSES $528,437,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$641,106,163	$815,837,195	-0.2%
Expenses	$528,437,793	$532,639,503	0.0%
Net Income	$112,668,370	$283,197,692	-0.6%

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

1992

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

$4,302,376

Total Directors

$1,926,752

Key Employees

$963,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER G SCHULTZ	PRESIDENT/CEO	40.00	Officer Director	$1,719,942	$75,701	$1,795,643
ARDEM PATAPOUTIAN	FACULTY DIRECTOR/PROFESSOR	40.00	Director	$129,755	$1,354	$131,109
JOHN D DIEKMAN	DIRECTOR/BOARD CHAIR	1.00	Director	$0	$0	$0
BARBARA KOSACZ	DIRECTOR (START 4/24)	1.00	Director	$0	$0	$0
BENEDICT GROSS	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA S LUTTRELL	DIRECTOR	1.00	Director	$0	$0	$0
GENE LAY	DIRECTOR (START 11/23)	1.00	Director	$0	$0	$0
GERALD CHAN	DIRECTOR	1.00	Director	$0	$0	$0
HERBERT WERTHEIM	DIRECTOR	1.00	Director	$0	$0	$0
JEN RUBIO	DIRECTOR (END 12/23)	1.00	Director	$0	$0	$0
LILLIAN LOU	DIRECTOR	1.00	Director	$0	$0	$0
MARK EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
MARK PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
PETER C FARRELL PHD D SC	DIRECTOR	1.00	Director	$0	$0	$0
RON BURKLE	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY LANSING	DIRECTOR	1.00	Director	$0	$0	$0
TOM DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE MOON	COO (END 9/24)/CFO	40.00	Officer	$794,373	$68,471	$862,844
MARSHALL OLIN	GENERAL COUNSEL	40.00	Officer	$584,449	$76,054	$660,503
JARED M MACHADO	TREASURER/CHIEF ACCOUNTING OFFICER	40.00	Officer	$360,003	$50,895	$410,898
ALANNA RUTAN	SECRETARY/CHIEF COMPLIANCE OFFICER	40.00	Officer	$261,520	$41,709	$303,229
MARY WANG	ASST. SEC./DIRECTOR SP (END 2/24)	40.00	Officer	$225,864	$43,395	$269,259
KELLY SAN GEORGE	CFO VP ADM. CALIBR	40.00	Key Emp	$461,839	$69,228	$531,067
JAMES R WILLIAMSON	VP, RSCH & ACAD AFFAIRS (END 1/23)	40.00	Key Emp	$385,731	$46,402	$432,133
ERIC TOPOL	PROFESSOR/EXEC VP	40.00	Highest	$1,055,042	$29,206	$1,084,248
ISY H GOLDWASSER	ENTREPRENEUR IN RESIDENCE	40.00	Highest	$739,338	$41,317	$780,655
TRAVIS SCOTT YOUNG	SR. DIRECTOR, CALIBR	40.00	Highest	$566,858	$57,607	$624,465
CHANNING R BEALS	CHIEF MEDICAL OFFICER	40.00	Highest	$529,571	$84,007	$613,578
VADIM KLYUSHNICHENKO	VP, PHARMACEUTICAL DEV & QUAL	40.00	Highest	$562,460	$32,363	$594,823
MATTHEW S TREMBLAY	FORMER CHIEF OPERATING OFFICER	0.00		$166,206	$14,358	$180,564

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	$641,106,163	$528,437,793	$1,299,917,796	$112,668,370
2023	$815,837,195	$532,639,503	$1,088,712,998	$283,197,692
2022	$634,980,417	$884,961,642	$828,320,768	$-249,981,225
2021	$537,087,759	$473,843,953	$1,160,188,604	$63,243,806
2020	$414,846,612	$444,003,884	$973,580,297	$-29,157,272
2019	$412,183,981	$432,597,967	$962,297,107	$-20,413,986
2018	$380,130,505	$373,107,791	$791,941,824	$7,022,714

THE SCRIPPS RESEARCH INSTITUTE