BALLAD RESEARCH INSTITUTE (EIN 463097024) - 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

2014

Legal Domicile

Principal Officer

JOANNA DAVIES

Phone

8582007156

Tax Period

2022-07-01 to 2023-06-30

BALLAD RESEARCH INSTITUTE, founded in 2014, is a small nonprofit in the Science & Technology sector that reported $497K in total revenue in fiscal year 2022. Revenue surged 72% from the prior year, signaling strong growth momentum.

Mission

The mission of Ballad is to support the early development of projects related to the treatment of human disease. These may include pilot studies, innovative high-risk/high-impact projects, or proof of concept studies. Ballad provides investigators, emabarking on early development projects, with necessary laboratory facilities and infrastructure.

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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 (2022)

Revenue Breakdown

Contributions & Grants $497,451

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $497,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,286

Fundraising Expenses $0

Program Expenses $475,822

Other Expenses $276,953

TOTAL EXPENSES $483,239

Year-over-Year Comparison

	2022	2021	Change
Revenue	$497,451	$289,346	+0.7%
Expenses	$483,239	$292,065	+0.7%
Net Income	$14,212	$-2,719	-6.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNA DAVIES	CHAIR	1.00	Officer Director	$0	$0	$0
SHEILA FERGUSON	Treasurer	1.00	Officer Director	$0	$0	$0
Mark Hargreaves	member	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$497,451	$483,239	$412,019	$14,212
2022	$289,346	$292,065	$520,000	$-2,719

BALLAD RESEARCH INSTITUTE