INSTITUTE OF ADVANCED SCIENCES INC (EIN 462678472) - 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

2013

Legal Domicile

Principal Officer

DR BAL RAM SINGH

Phone

5089922042

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE OF ADVANCED SCIENCES INC, founded in 2013, is a small nonprofit in the Science & Technology sector that reported $431K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $517K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ORGANIZATION PROVIDES EDUCATIONAL OPPORTUNITIES AND EDUCATIONAL CONFERENCES IN THE MEDICAL AND HEALTH FIELDS.

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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 $116,000

Program Service Revenue $315,140

Investment Income $0

Other Revenue $0

TOTAL REVENUE $431,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,613

Fundraising Expenses $0

Program Expenses $482,753

Other Expenses $221,928

TOTAL EXPENSES $516,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$431,140	$486,816	-0.1%
Expenses	$516,541	$510,787	+0.0%
Net Income	$-85,401	$-23,971	+2.6%

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

N/A

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

$53,338

Total Directors

$53,338

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BAL RAM SINGH	PRESIDENT	25.00	Officer Director	$53,338	$0	$53,338
DR BAL RAM SINGH	TREASURER	1.00	Officer Director	$0	$0	$0
DR BAL RAM SINGH	SECRETARY	1.00	Officer Director	$0	$0	$0
DR BAL RAM SINGH	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$431,140	$516,541	$48,090	$-85,401
2022	$486,816	$510,787	$38,611	$-23,971
2021	$495,430	$450,418	$176,027	$45,012
2020	$463,843	$468,287	$136,056	$-4,444

INSTITUTE OF ADVANCED SCIENCES INC