SPARROW CLINICAL RESEARCH INSTITUTE

EIN: 383075242 501(c)(3)

LANSING, MI

Total Revenue
$802,113
Total Expenses
$1,036,171
Total Assets
$1,198,416
Net Assets
$-1,469,833
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MI
Principal Officer
THEODORE GLYNN MD
Phone
5173645760
Tax Period
2024-07-01 to 2025-06-30

SPARROW CLINICAL RESEARCH INSTITUTE, founded in 1992, is a small nonprofit that reported $802K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

PRINCIPAL PURPOSE OF OPERATING AS A MEDICAL RESEARCH ORGANIZATION DIRECTLY ENGAGED IN THE CONTINUOUS, ACTIVE CONDUCT OF MEDICAL RESEARCH, IN CONJUNCTION WITH ANY NON-PROFIT 501(C)(3) HOSPITAL AND ADMINISTERING FUNDS TO FURTHER THE CHARITABLE PURPOSE OF THE CORPORATION.

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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 $0
Program Service Revenue $733,228
Investment Income $68,885
Other Revenue $0
TOTAL REVENUE $802,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $928,895
Fundraising Expenses $0
Program Expenses $735,786
Other Expenses $107,276
TOTAL EXPENSES $1,036,171

Year-over-Year Comparison

2024 2023 Change
Revenue $802,113 $686,067 +0.2%
Expenses $1,036,171 $1,264,229 -0.2%
Net Income $-234,058 $-578,162 -0.6%
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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Governance

Voting Members
5
Independent Members
1
Employees
10
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
5
$3,156,445
Total Directors
5
$2,346,671
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET DIMOND PHD REGIONAL PRE N/A
Officer
$0 $94,544 $1,464,110
JOEL COHN MD VICE CHAIRMA 1.00
Officer Director
$0 $69,728 $919,158
CHAD LINK DO FORMER BOARD 0.00
$0 $90,285 $859,624
MOHAMMED QINTAR BOARD MEMBER 1.00
Director
$0 $76,503 $831,163
GORDON SRKALOVIC MD FORMER BOARD 0.00
$0 $75,027 $768,557
THEODORE GLYNN MD PRESIDENT 1.00
Officer Director
$0 $76,942 $542,275
PAULA REICHLE FORMER SR VP 0.00
$0 $27,205 $499,713
JESSICA BRISTOL-PIPER DIR CLINIC R 40.00
Officer
$135,458 $41,369 $176,827
JENNIFER BOAK RESEARCH CLI 40.00
Highest
$113,020 $40,074 $153,094
JOHN IP MD CHAIRMAN 1.00
Officer Director
$0 $17,355 $54,075
ANMAR RAZAK MD BOARD MEMBER 1.00
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
2025 $802,113 $1,036,171 $1,198,416 $-234,058
2024 No data No data No data No data
2023 $582,246 $460,868 $1,320,425 $121,378
2022 $800,274 $836,764 $1,120,377 $-36,490
2021 $736,006 $964,830 $1,138,948 $-228,824
2020 $671,112 $892,515 $1,106,424 $-221,403
2019 $817,749 $1,116,554 $969,036 $-298,805
2018 $1,086,115 $1,546,190 $827,195 $-460,075
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