THE FAR INSTITUTE INC

EIN: 460884268 501(c)(3) Unknown

SARASOTA, FL

Total Revenue
$217,964
Total Expenses
$442,286
Total Assets
$18,486
Net Assets
$-279,389
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
Principal Officer
DUNCAN FINLAY
Phone
9415253047
Tax Period
2018-01-01 to 2018-12-31

THE FAR INSTITUTE INC, founded in 2012, is a small nonprofit in the Unknown sector that reported $218K in total revenue in fiscal year 2018. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $442K exceeded revenue, resulting in a 103% operating deficit.

Mission

FARI'S INTENT IS TO IMPROVE HEALTHCARE DELIVERY BY PERFORMING AND SUPPORTING RESEARCH TO DEVELOP AND UTILIZE INNOVATIVE TECHNIQUES FOR ANALYSIS OF DATA WITHIN ELECTRONIC MEDICAL RECORDS.

Program Service Accomplishments

Program 1
Expenses: $396,005 Revenue: $217,964

PROGRAM INITIATIVES INCLUDE: LAB REFERENCE STUDIES, ALZHEIMER DISEASE RESEARCH, HOSPITALIST STUDIES & MULTIPLE CHRONIC CONDITIONS RESEARCH.

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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 (2018)

Revenue Breakdown

Contributions & Grants $217,964
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $217,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $9,125
Program Expenses $396,005
Other Expenses $442,286
TOTAL EXPENSES $442,286

Year-over-Year Comparison

2018 2017 Change
Revenue $217,964 $380,000 -0.4%
Expenses $442,286 $368,754 +0.2%
Net Income $-224,322 $11,246 -20.9%
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

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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
6
Independent Members
3
Employees
N/A
Volunteers
10

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
$50,000
Total Directors
6
$50,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GDUNCAN FINLAY PRESIDENT CEO 20.00
Officer Director
$0 $0 $50,000
STEVEN I ROTHMAN TREASURER 5.000
Officer Director
$0 $0 $0
ALAN GRINDAL MD DIRECTOR 1.000
Director
$0 $0 $0
DAVID SIEGAL DIRECTOR 1.000
Director
$0 $0 $0
DARLENE ARBEIT DIRECTOR 1.000
Director
$0 $0 $0
JANIS COHEN DIRECTOR 1.000
Director
$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
2018 $217,964 $442,286 $18,486 $-224,322
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