FILENE RESEARCH INSTITUTE INC (EIN 391645910) - 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

1989

Legal Domicile

Principal Officer

MARK MEYER

Phone

6086613740

Tax Period

2023-07-01 to 2024-06-30

FILENE RESEARCH INSTITUTE INC, founded in 1989, is a community nonprofit in the Public & Societal Benefit sector that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

CONDUCT CUTTING-EDGE, ACTIONABLE RESEARCH TO ACCELERATE INSIGHTS AND TRANSFORM ORGANIZATIONS, PROVIDE ACCESS TO PROVEN INCUBATORS TO ACCELERATE INNOVATION AND REDUCE RISK IN TESTING NEW SOLUTIONS, AND DELIVER COMMUNITIES & EVENTS THAT CONNECT INNOVATIVE LEADERS AND SPARK INSIGHTS TO IMPACT.

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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 $8,396,360

Program Service Revenue $586,519

Investment Income $80,028

Other Revenue $36,000

TOTAL REVENUE $9,098,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,170,379

Program Expenses $6,948,752

Other Expenses $9,163,206

TOTAL EXPENSES $9,163,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,098,907	$8,172,458	+0.1%
Expenses	$9,163,206	$8,444,014	+0.1%
Net Income	$-64,299	$-271,556	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL CLOBES	CHAIR	1.00	Officer Director	$0	$0	$0
TY MUSE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
KEITH SULTEMEIER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHENK	DIRECTOR	1.00	Director	$0	$0	$0
TONITA WEBB	DIRECTOR	1.00	Director	$0	$0	$0
ROB PURTELL	DIRECTOR (THRU AUGUST)	1.00	Director	$0	$0	$0
BILL CHENEY	DIRECTOR	1.00	Director	$0	$0	$0
PATTY CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
LILY NEWFARMER	DIRECTOR	1.00	Director	$0	$0	$0
MARK MEYER	PRESIDENT & CHIEF EXECUTIVE OFFICER	60.00	Officer	$0	$0	$0
JEREMY TOLLEFSON	DIR OF EXECUTIVE RELATIONS/SECRETARY	40.00	Officer	$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	No data	No data	No data	No data
2024	$9,098,907	$9,163,206	$15,454,499	$-64,299
2023	$8,172,458	$8,444,014	$15,248,471	$-271,556
2022	$8,184,489	$7,646,292	$14,627,615	$538,197
2021	$7,960,139	$7,418,239	$14,328,197	$541,900
2020	$10,102,854	$8,425,478	$14,025,616	$1,677,376
2019	$9,124,558	$7,649,620	$12,051,372	$1,474,938

FILENE RESEARCH INSTITUTE INC