THE WILL ERWIN HEADACHE RESEARCH FOUNDATION (EIN 464886305) - 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

JAMES ERWIN

Phone

7132389100

Tax Period

2023-01-01 to 2023-12-31

THE WILL ERWIN HEADACHE RESEARCH FOUNDATION, founded in 2014, is a small nonprofit in the Environment sector that reported $540K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

THE WILL ERWIN HEADACHE RESEARCH FOUNDATION'S MISSION IS TO BRING RELIEF TO SUFFERERS, GLOBALLY, WHO ARE AFFLICTED WITH DEBILITATING HEADACHES, INCLUDING MIGRAINE AND CLUSTER HEADACHES, BY FUNDING RESEARCH FOCUSED ON FINDING A CURE.

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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 $627,734

Program Service Revenue $0

Investment Income $623

Other Revenue $-88,031

TOTAL REVENUE $540,326

Expense Breakdown

Grants Paid $407,500

Salaries & Benefits $0

Fundraising Expenses $82,535

Program Expenses $407,500

Other Expenses $101,212

TOTAL EXPENSES $538,712

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,326	$599,387	-0.1%
Expenses	$538,712	$645,722	-0.2%
Net Income	$1,614	$-46,335	-1.0%

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

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
JAMES ERWIN - VOTING	DIRECTOR & PRESIDENT	15.00	Officer Director	$0	$0	$0
CHARLES R EPPS - VOTING	DIRECTOR	2.00	Director	$0	$0	$0
MARK L STEINBAUER - VOTING	DIRECTOR	2.00	Director	$0	$0	$0
JIM ADAMS - NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
HEIDI BEDELL - NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MALONE - NONVOTING	DIRECTOR - EMERITUS (DEC'D	2.00	Director	$0	$0	$0
PAM ERWIN- NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE MURPHY - NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
MARGOT TREVINO ROSSON - NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
ED FRANK - NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
JEFF LOVE - NONVOTING	DIRECTOR - EMERITUS (DEC'D	2.00	Director	$0	$0	$0
KEVIN ROBINS - NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MELODY - NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
ADAM C ROSS - NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
DOUG KNAUS - NONVOTING	DIRECTOR	2.00	Director	$0	$0	$0
BETTE MALONE - NONVOTING	DIRECTOR	2.00	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	$540,326	$538,712	$247,053	$1,614
2022	$599,387	$645,722	$244,439	$-46,335
2021	$953,351	$992,252	$290,774	$-38,901
2020	$704,733	$637,085	$359,382	$67,648
2019	$704,266	$617,844	$262,027	$86,422
2018	$707,544	$691,246	$175,605	$16,298

THE WILL ERWIN HEADACHE RESEARCH FOUNDATION