STATE TAX RESEARCH INSTITUTE (EIN 465302475) - 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

PATRICK REYNOLDS

Phone

2024845222

Tax Period

2023-01-01 to 2023-12-31

STATE TAX RESEARCH INSTITUTE, founded in 2014, is a micro nonprofit in the Social Science sector that reported $96K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $261K exceeded revenue, resulting in a 171% operating deficit.

Mission

CONDUCT RESEARCH, ISSUE REPORTS, AND PROVIDE EDUCATION ON A WIDE RANGE OF STATE AND LOCAL FINANCE AND TAXATION ISSUES.

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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 $96,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $96,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,125

Fundraising Expenses $0

Program Expenses $261,078

Other Expenses $85,953

TOTAL EXPENSES $261,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,500	$210,400	-0.5%
Expenses	$261,078	$299,385	-0.1%
Net Income	$-164,578	$-88,985	+0.8%

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

$1,256,496

Total Directors

$1,256,496

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS L LILNDHOLM	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$71,239	$598,239
CHARLES L DRURY	TREASURER	1.00	Officer Director	$0	$40,679	$303,716
KARL A FRIEDEN	SECRETARY	1.00	Officer Director	$0	$51,634	$354,541
MICHAEL F CARCHIA	CHAIR	1.00	Officer Director	$0	$0	$0
MOLLIE L MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE S LAIEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J TUINSTRA JR	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR J PARHAM JR	DIRECTOR	1.00	Director	$0	$0	$0
AMY THOMAS LAUB	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	$96,500	$261,078	$578,590	$-164,578
2022	$210,400	$299,385	$577,892	$-88,985
2021	$184,500	$61,085	$635,973	$123,415
2020	$411,400	$83,449	$511,144	$327,951
2019	$325,023	$177,235	$183,317	$147,788
2018	$245,417	$296,935	$137,241	$-51,518

STATE TAX RESEARCH INSTITUTE