MRIGlobal (EIN 440545878) - 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

1943

Legal Domicile

Phone

8167537600

Tax Period

2023-10-01 to 2024-09-30

MRIGlobal, founded in 1943, is a major nonprofit in the Science & Technology sector that reported $118.0M in total revenue in fiscal year 2023.

Mission

Advance scientific and engineering research to support our government and commercial customers.

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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 $80,032,509

Program Service Revenue $36,342,036

Investment Income $1,558,270

Other Revenue $20,137

TOTAL REVENUE $117,952,952

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $57,718,638

Fundraising Expenses $0

Program Expenses $91,875,047

Other Expenses $57,554,420

TOTAL EXPENSES $115,298,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,952,952	$119,632,626	0.0%
Expenses	$115,298,058	$112,859,972	+0.0%
Net Income	$2,654,894	$6,772,654	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

493

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

$2,297,373

Total Directors

$1,374,892

Key Employees

$1,591,472

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ian M Colrain PhD	President and CEO	40.0	Officer Director	$651,041	$158,851	$809,892
Amy Nachtigal	Director	1.0	Director	$40,000	$0	$40,000
Dan E Arvizu PHD	Director	1.0	Director	$40,000	$0	$40,000
David B Dillon	Director	1.0	Director	$47,500	$0	$47,500
David E Hall	Director	1.0	Director	$47,500	$0	$47,500
David F Oliver	Director	1.0	Director	$40,000	$0	$40,000
Douglas A Girod MD	Director	1.0	Director	$40,000	$0	$40,000
Julia M Wilson	Director	1.0	Director	$40,000	$0	$40,000
Neal Sharma	Director	1.0	Director	$40,000	$0	$40,000
Pamela R Berneking	Director	1.0	Director	$55,000	$0	$55,000
Scott M Smith PE	Director	1.0	Director	$47,500	$0	$47,500
Stephanie B Easter	Director	1.0	Director	$40,000	$0	$40,000
Wendy M Masiello	Director	1.0	Director	$40,000	$0	$40,000
William A Jeffrey	Director	1.0	Director	$47,500	$0	$47,500
Amy M Bog PhD	Chief Innovation Officer	40.0	Officer	$332,673	$51,420	$384,093
Jessica J Zolynas	Chief Legal Officer	40.0	Officer	$148,230	$22,662	$170,892
Luke J McGlynn	Chief People Officer	40.0	Officer	$292,068	$69,600	$361,668
Martin J Nevshemal	CFO and Treasurer	40.0	Officer	$469,983	$100,845	$570,828
Christopher W Hollars	Principal Advisor	40.0	Key Emp	$227,759	$38,667	$266,426
Dominie Garcia PhD	VP-Commercial Business Development	40.0	Key Emp	$258,100	$28,995	$287,095
Jerem G Swenddal	VP-Business Ops & Strategy	40.0	Key Emp	$212,991	$17,531	$230,522
Jonathan M White	Senior Director	40.0	Key Emp	$206,764	$43,664	$250,428
Joseph A Bogan PhD	VP-Chief Research Fellow	40.0	Key Emp	$249,792	$19,367	$269,159
Kristine K Werking	Senior Director	40.0	Key Emp	$243,763	$44,079	$287,842
Aaron M Heiss	Senior Sales Director	40.0	Highest	$256,629	$38,153	$294,782
Gene G Olinger	Distinguished Research Fellow	40.0	Highest	$249,042	$46,324	$295,366
Richard A Winegar	Distinguished Research Fellow	40.0	Highest	$282,102	$34,659	$316,761
Richard S Masino	Senior Sales Director	40.0	Highest	$257,539	$22,799	$280,338
Richard T Fleener	Sr VP-Lab Ops & Gov Affairs	40.0	Highest	$412,881	$24,224	$437,105
Carol F Blevins	Assistant Director	40.0		$193,214	$42,272	$235,486
Dean E Gray	Chief Operating Officer - Outgoing	0.0		$222,009	$25,204	$247,213
James E Sistrunk	Senior Sales Director	40.0		$232,662	$45,330	$277,992
Reachel A Beichley	VP/General Counsel/Corp. Sec. - Outgoing	0.0		$645,171	$15,906	$661,077
Robert A Conklin	VP-Research Operations - Outgoing	0.0		$149,711	$-30,917	$118,794
Scott M King	VP-Business Operations - Outgoing	0.0		$188,875	$18,871	$207,746

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	$117,952,952	$115,298,058	$147,828,702	$2,654,894
2023	$119,632,626	$112,859,972	$148,628,423	$6,772,654
2023	No data	No data	No data	No data
2022	$128,594,894	$121,200,941	$137,683,275	$7,393,953
2021	$116,109,484	$107,631,775	$133,438,499	$8,477,709
2020	$102,654,783	$95,114,232	$116,923,133	$7,540,551
2019	$108,959,622	$103,621,879	$102,952,763	$5,337,743
2018	$109,624,647	$105,149,771	$93,326,926	$4,474,876

MRIGlobal