BRAIN RESEARCH FOUNDATION (EIN 362477928) - 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

1953

Legal Domicile

Phone

3127595150

Tax Period

2023-07-01 to 2024-06-30

BRAIN RESEARCH FOUNDATION, founded in 1953, is a community nonprofit in the Medical Research sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $872K, a strong 22% operating margin.

Mission

SUPPORT OF NEUROSCIENCE RESEARCH TO ADVANCE THE UNDERSTANDING OF BRAIN FUNCTION AND TREATMENT.

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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 $1,879,366

Program Service Revenue $0

Investment Income $2,185,667

Other Revenue $-87,584

TOTAL REVENUE $3,977,449

Expense Breakdown

Grants Paid $1,860,000

Salaries & Benefits $688,975

Fundraising Expenses $143,810

Program Expenses $2,174,786

Other Expenses $556,611

TOTAL EXPENSES $3,105,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,977,449	$2,276,483	+0.7%
Expenses	$3,105,586	$2,679,274	+0.2%
Net Income	$871,863	$-402,791	-3.2%

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

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

$440,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID H FISHBURN	TREASURER	0.5	Officer Director	$0	$0	$0
DOUGLAS H WALTER	SECRETARY	0.5	Officer Director	$0	$0	$0
NORMAN R BOBINS	VICE CHAIRMAN	0.5	Officer Director	$0	$0	$0
SCOTT P SEROTA	CHAIRMAN	0.5	Officer Director	$0	$0	$0
BENNET L LEVENTHAL MD	TRUSTEE	0.3	Director	$0	$0	$0
BILL GANTZ	TRUSTEE	0.3	Director	$0	$0	$0
DAVE PURCELL	TRUSTEE - THRU 08/23	0.3	Director	$0	$0	$0
DAVID D OLSON	TRUSTEE	0.3	Director	$0	$0	$0
GAIL M ELDEN	TRUSTEE	0.3	Director	$0	$0	$0
JAMES A BYRD JR CTFA	TRUSTEE	0.3	Director	$0	$0	$0
KAREN MABIE EDS NCSP CEP	TRUSTEE	0.3	Director	$0	$0	$0
MARSHALL B FRONT	TRUSTEE	0.3	Director	$0	$0	$0
NATHAN HANSEN	TRUSTEE	0.3	Director	$0	$0	$0
PETER B POND	TRUSTEE	0.3	Director	$0	$0	$0
RICHARD M KOHN	TRUSTEE	0.3	Director	$0	$0	$0
ROBERT C MALENKA MD PHD	TRUSTEE	0.3	Director	$0	$0	$0
THOMAS A REYNOLDS III	TRUSTEE	0.3	Director	$0	$0	$0
TERRE CONSTANTINE	EXECUTIVE DIRECTOR/CEO	40.0	Officer	$358,527	$81,549	$440,076
SANDRA JAGGI	DIRECTOR OF PHILANTHROPY	40.0	Highest	$139,243	$36,026	$175,269

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	No data	No data	No data	No data
2024	$3,977,449	$3,105,586	$22,285,786	$871,863
2023	$2,276,483	$2,679,274	$20,276,479	$-402,791
2022	$2,489,419	$2,955,646	$19,014,948	$-466,227
2021	$4,721,537	$2,665,507	$24,853,249	$2,056,030
2020	$1,900,552	$2,083,234	$19,333,418	$-182,682
2019	$1,798,957	$1,774,513	$17,872,481	$24,444
2018	$2,221,623	$1,897,019	$16,759,623	$324,604

BRAIN RESEARCH FOUNDATION