THE FOUNDATION FOR EMBRYONIC COMPETENCE INC (EIN 463032063) - 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

CHAIM G JALAS

Phone

9085801200

Tax Period

2023-10-01 to 2024-09-30

THE FOUNDATION FOR EMBRYONIC COMPETENCE INC, founded in 2013, is a micro nonprofit in the Medical Research sector that reported $61K in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 2124% operating deficit.

Mission

THE FOUNDATION FOR EMBRYONIC COMPETENCE, INC., FORMERLY KNOWN AS " THE FOUNDATION FOR THE ASSESSMENT AND ENHANCEMENT OF EMBRYONIC COMPETENCE, INC." (FOUNDATION) IS A NEW JERSEY NON-PROFIT CORPORATION, INCORPORATED IN 2013. THE FOUNDATION'S ACTIVITIES ARE CONDUCTED AT ITS SOLE LOCATION, 140 ALLEN ROAD IN BASKING RIDGE, NEW JERSEY. THE MISSION OF THE FOUNDATION IS ADVANCING KNOWLEDGE AND ENHANCING OUTCOMES IN EMBRYONIC RESEARCH, DIAGNOSIS, AND EDUCATION.

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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 $0

Program Service Revenue $0

Investment Income $58,878

Other Revenue $1,900

TOTAL REVENUE $60,778

Expense Breakdown

Grants Paid $574,500

Salaries & Benefits $494,294

Fundraising Expenses $0

Program Expenses $1,180,086

Other Expenses $282,988

TOTAL EXPENSES $1,351,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,778	$-3,532,420	-1.0%
Expenses	$1,351,782	$1,387,565	0.0%
Net Income	$-1,291,004	$-4,919,985	-0.7%

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

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

$225,000

Total Directors

$225,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YIPING ZHAN	BIOINFORMATICS	40.00	Director	$0	$0	$0
DAVID SHARPELL	CONTORLLER	30.00	Director	$0	$0	$0
XIN TAO	RESEARCH	40.00	Director	$0	$0	$0
WILLIAM CHOW	TREASURER	1.00	Officer Director	$0	$0	$0
LYN JACOBSON	SECRETARY	1.00	Officer Director	$0	$0	$0
CHAIM JALAS	PRESIDENT & COO	40.00	Officer Director	$0	$0	$0
RICHARD SCOTT	SCIENTIFIC DIRECTOR	40.00	Officer Director	$225,000	$0	$225,000

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	$60,778	$1,351,782	$13,627,794	$-1,291,004
2023	$-3,532,420	$1,387,565	$14,752,429	$-4,919,985
2022	$7,260,831	$4,653,715	$16,430,730	$2,607,116
2021	$15,272,541	$8,009,129	$27,223,706	$7,263,412
2020	$5,787,769	$6,938,014	$20,006,242	$-1,150,245
2019	$5,872,571	$7,812,065	$21,003,256	$-1,939,494
2018	$5,963,159	$6,568,585	$23,560,103	$-605,426

THE FOUNDATION FOR EMBRYONIC COMPETENCE INC