AMERICAN BRAIN FOUNDATION

EIN: 411717098 501(c)(3) Medical Research

Minneapolis, MN

Total Revenue
$10,383,820
Total Expenses
$4,956,400
Total Assets
$21,918,542
Net Assets
$19,468,647
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MN
Principal Officer
Michelle Heritage
Phone
8667707570
Tax Period
2023-01-01 to 2023-12-31

AMERICAN BRAIN FOUNDATION, founded in 1992, is a mid-sized nonprofit in the Medical Research sector that reported $10.4M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 52% operating margin.

Mission

To accelerate breakthrough research on brain disease and optimize brain health for all. ABF funds the best and brightest scientists to make a lasting impact on public health and our collective knowledge of the brain.

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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 $10,120,592
Program Service Revenue $0
Investment Income $403,606
Other Revenue $-140,378
TOTAL REVENUE $10,383,820

Expense Breakdown

Grants Paid $2,401,988
Salaries & Benefits $1,288,130
Fundraising Expenses $656,125
Program Expenses $3,428,562
Other Expenses $1,225,032
TOTAL EXPENSES $4,956,400

Year-over-Year Comparison

2023 2022 Change
Revenue $10,383,820 $5,946,773 +0.7%
Expenses $4,956,400 $7,713,651 -0.4%
Net Income $5,427,420 $-1,766,878 -4.1%
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
17
Independent Members
17
Employees
10
Volunteers
43

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
8
$419,086
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE RANSOM EXECUTIVE DIRECTOR 41
Officer
$371,331 $47,755 $419,086
EMILY CHRISTIAN DEPUTY DIRECTOR 37
Highest
$143,081 $22,316 $165,397
DAVID D DODICK CHAIR 1.5
Officer Director
$0 $0 $0
BEN LENAIL VICE CHAIR 1
Officer Director
$0 $0 $0
JAMES ESSEY TREASURER 1
Officer Director
$0 $0 $0
JACQUELINE FRENCH SECRETARY 1
Officer Director
$0 $0 $0
CARLAYNE E JACKSON EX OFFICIO VOTING DIRECTOR 0.5
Officer Director
$0 $0 $0
ROBERT C GRIGGS EX OFFICIO VOTING DIRECTOR 0.5
Officer Director
$0 $0 $0
MERIT CUDKOWICZ DIRECTOR 0.5
Director
$0 $0 $0
DAVID EAGLEMAN DIRECTOR 0.5
Director
$0 $0 $0
JAMES C GROTTA DIRECTOR 0.5
Director
$0 $0 $0
STEPHEN L HAUSER DIRECTOR 0.5
Director
$0 $0 $0
FRANCES JENSEN DIRECTOR 0.5
Director
$0 $0 $0
RALPH R LESILE DIRECTOR 0.5
Director
$0 $0 $0
THABELE LESILE-MAZWI DIRECTOR 0.5
Director
$0 $0 $0
RONALD PETERSEN DIRECTOR 0.5
Director
$0 $0 $0
ALYX B PORTER DIRECTOR 0.5
Director
$0 $0 $0
ALFREDO QUINONES-HINOJOSA DIRECTOR 0.5
Director
$0 $0 $0
SEAN SANSIVERI DIRECTOR 0.5
Director
$0 $0 $0
MARY E POST EX OFFICIO NON-VOTING DIRECTOR 0.5
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
2024 No data No data No data No data
2023 $10,383,820 $4,956,400 $21,918,542 $5,427,420
2022 $5,946,773 $7,713,651 $16,866,097 $-1,766,878
2021 $8,882,210 $4,478,036 $18,178,228 $4,404,174
2020 $5,925,989 $4,093,611 $15,127,777 $1,832,378
2019 $5,884,142 $4,597,771 $13,204,924 $1,286,371
2018 $2,532,805 $3,701,547 $11,302,143 $-1,168,742
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