THE RONALD COASE INSTITUTE

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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

2000

Legal Domicile

Principal Officer

MARY M SHIRLEY

Phone

3148620351

Tax Period

2025-01-01 to 2025-12-31

THE RONALD COASE INSTITUTE, founded in 2000, is a small nonprofit in the Social Science sector that reported $101K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $202K exceeded revenue, resulting in a 101% operating deficit.

Mission

TO IMPROVE THE CAPACITY OF SCHOLARS TO STUDY INSTITUTIONAL PROBLEMS IN THEIR OWN COUNTRIES THROUGH WORKSHOPS AND OTHER EDUCATIONAL ACTIVITIES & TO CONDUCT AND PROMOTE RESEARCH ON THE INSTITUTIONS OF REAL ECONOMIC SYSTEMS.

Program Service Accomplishments

Program 1

Expenses: $65,280

ALUMNI MENTORING AND SUPPORT/EDUCATION & NETWORKING:ALUMNI AND EDUCATIONAL ACTIVITIES TO MAINTAIN OUR RELATIONS WITH OUR ALUMNI AND FACULTY, BUILD OUR NETWORK, AND KEEP THE COASE INSTITUTE UP TO DATE ON NEW RESEARCH. A. PARTICIPATED IN THE ANNUAL MEETINGS OF THE SOCIETY FOR ORGANIZATIONAL AND INSTITUTIONAL ECONOMICS AND ORGANIZED A PANEL FOR COASE ALUMNI TO PRESENT THEIR RESEARCH ON SHOCKS, POLARIZATION AND ANTI-CORRUPTION. B. ORGANIZED THE THIRD ANNUAL ALUMNI MEETING AT THE UNIVERSITY OF NEW SOUTH WALES IN SYDNEY AUSTRALIA WHERE ALUMNI PRESENT NEW RESEARCH IDEAS AND GIVE AND RECEIVE FEEDBACK FROM PEERS AND FACULTY. C. OVERSAW THE PREPARATION AND PUBLICATION OF ADDITIONAL MANUSCRIPTS AS PART OF OUR SERIES WITH CAMBRIDGE UNIVERSITY PRESS. D. AWARDED OUR NINTH ANNUAL ACHIEVEMENT AWARD TO AN OUTSTANDING ALUMNUS.

Program 2

Expenses: $66,911

RESEARCH SUPPORTSUPPORTED RESEARCH ON IMPORTANT TOPICS OF INSTITUTIONAL ECONOMICS THAT MIGHT OTHERWISE BE UNDERFUNDED AND ASSISTED EXCELLENT SCHOLARS IN THEIR RESERACH.A. AFTER REVIEW BY A SCIENTIFIC COMMITTEE AND COMPETITIVE SELECTION, WE AWARDED RESEARCH GRANTS TO FOUR TEAMS OF YOUNG SCHOLARS TO INVESTIGATE INSTITUTIONAL BARRIERS TO ADAPTATION TO CLIMATE. B. WE CONTRACTED A SENIOR SCHOLAR TO SUPERVISE THE PROGRAM, MENTOR AND GUIDE THE RESEARCHERS, REVIEW AND COMMENT ON ALL OUTPUTS, AND OVERSEE DISBURSEMENT OF FUNDS.

Program 3

Expenses: $66,263

WORKSHOPS ON INSTITUTIONAL ANALYSISTRAINED AND MENTORED YOUNG SCHOLARS IN INSTIUTIONAL ANALYSIS TO IMPROVE THEIR RESEARCH AND COMMUNICATION SKILLS, RECRUIT NEW RESEARCHERS AND FACULTY TO OUR NETWORK, AND BUILD COLLABORATIVE RELATIONS WITH COOPERATING UNIVERSITIES.HELD A SEVEN DAY WORKSHOP ON INSTITUTIONAL ANALYSIS IN PERUGIA AND FLORENCE, ITALY IN COLLABORATION WITH THE UNIVERSITY OF PERUGIA AND THE ACCADEMIA DEI GEORGOFILI IN FLORENCE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $74,956

Program Service Revenue $3,690

Investment Income $21,904

Other Revenue $0

TOTAL REVENUE $100,550

Expense Breakdown

Grants Paid $41,896

Salaries & Benefits $0

Fundraising Expenses $350

Program Expenses $198,454

Other Expenses $160,465

TOTAL EXPENSES $202,361

Year-over-Year Comparison

	2025	2024	Change
Revenue	$100,550	$78,497	+0.3%
Expenses	$202,361	$66,847	+2.0%
Net Income	$-101,811	$11,650	-9.7%

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
MARY M SHIRLEY	PRESIDENT/DIRECTOR	10.00	Officer Director	$0	$0	$0
CLAUDE MENARD	TREASURY/DIRECTOR	1.00	Officer Director	$0	$0	$0
LEE K BENHAM	DIRECTOR	2.00	Director	$0	$0	$0
ROGER MYERSON	DIRECTOR	0.50	Director	$0	$0	$0
GARY D LIBECAP	DIRECTOR	0.50	Director	$0	$0	$0
PHILIP KEEFER	VICE PRESIDENT/DIRECTOR	0.50	Officer Director	$0	$0	$0
SAM PELTZMAN	DIRECTOR	0.50	Director	$0	$0	$0
CHENGGANG XU	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT GEHLBACH	DIRECTOR	0.50	Director	$0	$0	$0
ALEXANDRA L H BEHNAM	SECRETARY	10.00	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	$100,550	$202,361	$510,750	$-101,811
2024	$78,497	$66,847	$612,561	$11,650
2023	$85,720	$40,091	$600,911	$45,629
2022	$45,051	$22,719	$555,282	$22,332
2021	$63,830	$16,083	$532,950	$47,747
2020	$52,229	$15,906	$485,203	$36,323