INITIAL RESEARCH INC (EIN 333790282) - 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

2025

Legal Domicile

Principal Officer

YIQIN CHANG

Phone

6469236386

Tax Period

2025-01-01 to 2025-12-31

INITIAL RESEARCH INC, founded in 2025, is a small nonprofit in the Arts, Culture & Humanities sector that reported $218K in total revenue in fiscal year 2025. The organization ran a surplus of $93K, a strong 42% operating margin.

Mission

MISSION AND PROGRAM DESCRIPTION INITIAL RESEARCH INC (EIN: 33-3790282) IS A NEW YORK-BASED NONPROFIT ORGANIZATION RECOGNIZED UNDER SECTION 501(C)(3), DEDICATED TO SUPPORTING THE EARLY STAGES OF ARTISTIC INQUIRY THROUGH RESEARCH, EXPERIMENTATION, AND COLLABORATIVE EXCHANGE. THE ORGANIZATION PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS THAT CULTIVATE EMERGING ARTISTS, SCHOLARS, AND CULTURAL PRACTITIONERS BY OFFERING STRUCTURED OPPORTUNITIES FOR INTERDISCIPLINARY EXPLORATION, KNOWLEDGE GENERATION, AND COMMUNITY ENGAGEMENT. IN 2025, INITIAL RESEARCH INC SUCCESSFULLY CARRIED OUT ITS PRIMARY PROGRAM INITIATIVE, THE INITIAL RESEARCH FELLOWSHIP, A YEAR-LONG COHORT-BASED PROGRAM DESIGNED TO SUPPORT EARLY-STAGE, RESEARCH-DRIVEN ARTISTIC PRACTICES. THE FELLOWSHIP PROVIDES PARTICIPANTS WITH DEDICATED TIME, SPACE, AND STRUCTURAL SUPPORT TO DEVELOP NEW IDEAS AND PROJECTS, WHILE FOSTERING COLLABORATION, CRITICAL DIALOGUE, AND PUBLIC ENGAGEMENT. THROUGH THIS PROGRAM, THE ORGANIZATION ADVANCES ARTISTIC

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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 (2025)

Revenue Breakdown

Contributions & Grants $216,961

Program Service Revenue $0

Investment Income $404

Other Revenue $439

TOTAL REVENUE $217,804

Expense Breakdown

Grants Paid $18,750

Salaries & Benefits $19,938

Fundraising Expenses $0

Program Expenses $53,484

Other Expenses $86,556

TOTAL EXPENSES $125,244

Year-over-Year Comparison

	2025	2024	Change
Revenue	$217,804	N/A	N/A
Expenses	$125,244	N/A	N/A
Net Income	$92,560	N/A	N/A

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

$19,938

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YUAN FU	SECRETARY/DI	12.00	Officer	$19,938	$0	$19,938
YIQIN CHANG	PRESIDENT/FO	1.00	Officer Director	$0	$0	$0
DAI WANG	TREASURY/DIR	1.00	Officer	$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
2025	$217,804	$125,244	$92,560	$92,560

INITIAL RESEARCH INC