TISSUE BANK ASBESTOS RESEARCH CHARITABLE TRUST (EIN 352457233) - 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

2013

Legal Domicile

Principal Officer

TERRANCE LARKIN

Phone

3017319101

Tax Period

2025-01-01 to 2025-12-31

TISSUE BANK ASBESTOS RESEARCH CHARITABLE TRUST, founded in 2013, is a small nonprofit in the Medical Research sector that reported $266K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $49K, a strong 19% operating margin.

Mission

TO PROMOTE AND FUND RESEARCH DESIGNED TO FIND A CURE, AND DEVELOP TREATMENTS, FOR MESOTHELIOMA AND OTHER ASBESTOS-RELATED DISEASES.

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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 $43

Program Service Revenue $0

Investment Income $265,553

Other Revenue $0

TOTAL REVENUE $265,596

Expense Breakdown

Grants Paid $129,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,700

Other Expenses $86,418

TOTAL EXPENSES $216,118

Year-over-Year Comparison

	2025	2024	Change
Revenue	$265,596	$350,375	-0.2%
Expenses	$216,118	$255,285	-0.2%
Net Income	$49,478	$95,090	-0.5%

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

N/A

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

$914,326

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRANCE LARKIN	TRUSTEE	2.00	Officer	$0	$51,557	$510,993
ROBERT REAP	TRUSTEE	2.00	Officer	$0	$16,755	$403,333

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	$265,596	$216,118	$10,849,240	$49,478
2024	$350,375	$255,285	$10,009,128	$95,090
2023	$1,490,971	$319,869	$11,147,904	$1,171,102
2022	$1,398,052	$339,583	$9,400,428	$1,058,469
2021	$1,527,110	$422,109	$9,791,410	$1,105,001
2020	$1,467,162	$530,437	$8,636,033	$936,725
2019	$1,950,138	$582,905	$7,483,521	$1,367,233
2018	$1,241,476	$573,151	$6,084,696	$668,325

TISSUE BANK ASBESTOS RESEARCH CHARITABLE TRUST