MENTAL ILLNESS RESEARCH ASSOCIATION

EIN: 382854190 501(c)(3)

BLOOMFIELD HILLS, MI

Total Revenue
$50,682
Total Expenses
$78,765
Total Assets
$587,860
Net Assets
$585,245
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MI
Principal Officer
KATHERINE SOLOMON
Phone
2488801966
Tax Period
2023-01-01 to 2023-12-31

MENTAL ILLNESS RESEARCH ASSOCIATION, founded in 1989, is a micro nonprofit that reported $51K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $79K exceeded revenue, resulting in a 55% operating deficit.

Mission

THE MENTAL HEALTH ILLNESS RESEARCH ASSOCIATION IS DEDICATED TO FUNDING RESEARCH FOR BRAIN DISEASE AND DISORDERS AND ERASING STIGMA BY PROVIDING EDUCATIONAL PROGRAMS IN THE COMMUNITY AND SCHOOLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,999
Program Service Revenue $0
Investment Income $26,731
Other Revenue $14,952
TOTAL REVENUE $50,682

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $26,632
Fundraising Expenses $0
Program Expenses $41,250
Other Expenses $32,133
TOTAL EXPENSES $78,765

Year-over-Year Comparison

2023 2022 Change
Revenue $50,682 $55,201 -0.1%
Expenses $78,765 $67,743 +0.2%
Net Income $-28,083 $-12,542 +1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
1
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
3
$24,996
Total Directors
11
$24,996
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE SOLOMON EXECUTIVE DI 15.00
Officer Director
$24,996 $0 $24,996
RUSSELL CARNIAK ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
J FERRON BOARD MEMBER 1.00
Director
$0 $0 $0
MARTIN PAKIDEH MD BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER MAZUR BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT PETROVICH BOARD MEMBER 1.00
Director
$0 $0 $0
CARL RUST BOARD MEMBER 1.00
Director
$0 $0 $0
GREGORY SCHWARTZ BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG STINSON BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WALSH TREASURER 2.00
Officer Director
$0 $0 $0
JOHN A WILLIAMSON PRESIDENT 5.00
Officer Director
$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
2024 No data No data No data No data
2023 $50,682 $78,765 $587,860 $-28,083
2022 $55,201 $67,743 $548,664 $-12,542
2021 $89,655 $60,978 $696,788 $28,677
2020 $49,959 $53,136 $619,049 $-3,177
2019 $32,785 $34,020 $585,882 $-1,235
2018 $66,840 $49,402 $496,619 $17,438
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