AMERICAN FOUNDATION FOR BIOLOGICAL RESEARCH

EIN: 362229561 501(c)(3)

ROCKVILLE, MD

Total Revenue
$7,001,788
Total Expenses
$5,953,541
Total Assets
$20,284,618
Net Assets
$12,413,675
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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
1956
Legal Domicile
IL
Principal Officer
EDWIN ASHOURIAN
Phone
3018813300
Tax Period
2024-01-01 to 2024-12-31

AMERICAN FOUNDATION FOR BIOLOGICAL RESEARCH, founded in 1956, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $6.0M left a modest 15% surplus.

Mission

ORGANIZATION'S MISSION IS TO ADVANCE AND CONDUCT INFECTIOUS DISEASE-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 (2024)

Revenue Breakdown

Contributions & Grants $6,127,741
Program Service Revenue $556,777
Investment Income $283,271
Other Revenue $33,999
TOTAL REVENUE $7,001,788

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,419,018
Fundraising Expenses $0
Program Expenses $2,355,745
Other Expenses $3,534,523
TOTAL EXPENSES $5,953,541

Year-over-Year Comparison

2024 2023 Change
Revenue $7,001,788 $6,032,932 +0.2%
Expenses $5,953,541 $4,954,092 +0.2%
Net Income $1,048,247 $1,078,840 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
7
Independent Members
7
Employees
27
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
6
$549,505
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PHILIP LOVERDE BOARD PRESID 1.00
Officer Director
$0 $0 $0
DR JOHN SACCI BOARD VICE P 1.00
Officer Director
$0 $0 $0
BOB BURLESON TREASUER 1.00
Officer Director
$0 $0 $0
RACHAEL WIDENER DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER WHITE DIRECTOR 1.00
Director
$0 $0 $0
BRIAN GAINES DIRECTOR 1.00
Director
$0 $0 $0
JAY GEORGE TRUSTEE/DIRE 1.00
Director
$0 $0 $0
EDWIN ASHOURIAN EXECUTIVE DI 40.00
Officer
$201,093 $18,224 $219,317
JOHN WARD CHIEF BIOREP 40.00
Officer
$124,775 $12,996 $137,771
MARGARET MENTINK-KANE CHIEF SCIENT 40.00
Officer
$175,334 $17,083 $192,417
ELENA H LIM ACCOUNTING M 40.00
Highest
$100,204 $13,656 $113,860
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 $7,001,788 $5,953,541 $20,284,618 $1,048,247
2023 $6,032,932 $4,954,092 $19,464,077 $1,078,840
2022 $5,376,288 $4,496,527 $18,605,156 $879,761
2021 $4,727,292 $4,159,271 $13,124,832 $568,021
2020 $4,607,817 $4,011,291 $12,366,357 $596,526
2019 $4,946,962 $4,585,027 $11,633,615 $361,935
2018 $4,826,512 $4,602,427 $10,861,110 $224,085
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