THE MAGNETIC RESONANCE IMAGING INSTITUTE FOR BIOMEDICAL RESEARCH (EIN 431850447) - 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

1999

Legal Domicile

Principal Officer

E MARK HAACKE

Phone

3137580065

Tax Period

2022-01-01 to 2022-12-31

THE MAGNETIC RESONANCE IMAGING INSTITUTE FOR BIOMEDICAL RESEARCH, founded in 1999, is a micro nonprofit that reported $12 in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $170K exceeded revenue, resulting in a 1414917% operating deficit.

Mission

DEVELOPMENT OF NEW RESEARCH IN CARDIO-VASCULAR NEUROLOGICAL AND ONCOLOGICAL IMAGING AND THE DISSEMINATION OF THIS INFORMATION TO THE PUBLIC

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $12

TOTAL REVENUE $12

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,768

Fundraising Expenses $0

Program Expenses $169,802

Other Expenses $54,034

TOTAL EXPENSES $169,802

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12	$50,300	-1.0%
Expenses	$169,802	$131,661	+0.3%
Net Income	$-169,790	$-81,361	+1.1%

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

Governance

Voting Members

Independent Members

Employees

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

$90,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E MARK HAACKE	EXECUTIVE DIRECTOR	10.00	Officer	$72,000	$0	$72,000
RACHEL D MARTIS-LAZE	SECRETARY/TREASURER	10.00	Officer	$18,750	$0	$18,750
JIANI HU	VICE DIRECTOR	0.00	Officer	$0	$0	$0
ROBERT W BROWN	ASSISTANT DIRECTOR	0.00	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
2022	$12	$169,802	No data	$-169,790
2021	$50,300	$131,661	$170,790	$-81,361
2020	$345,790	$62,187	$252,570	$283,603
2019	$160,000	$145,230	$9,723	$14,770
2018	$210,000	$322,617	$1,737	$-112,617

THE MAGNETIC RESONANCE IMAGING INSTITUTE FOR BIOMEDICAL RESEARCH