Howard Brain Sciences Foundation

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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

2007

Legal Domicile

Phone

4018086256

Tax Period

2020-01-01 to 2020-12-31

Howard Brain Sciences Foundation, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $272K in total revenue in fiscal year 2020. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $303K exceeded revenue, resulting in a 11% operating deficit.

Mission

Innovative research initiatives that improve our understanding of the human brain, and advance diagnosis and treatment of neurological conditions.

Program Service Accomplishments

Program 1

Expenses: $183,921

Georgetown Sponsored Grant - The foundation has awarded Georgetown University the grant award entitled "Improving Tomorrow's Healthcare" a program dedicated to improving research to advance our...

Georgetown Sponsored Grant - The foundation has awarded Georgetown University the grant award entitled "Improving Tomorrow's Healthcare" a program dedicated to improving research to advance our understanding of the brain and mind to develop novel solutions for detection and treatment of neurological disorders.

Program 2

Expenses: $444

The fellowship program highlights and awards individuals who are making advancements in their fields, and whose work relates to advancing our understanding of the brain.

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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 (2020)

Revenue Breakdown

Contributions & Grants $271,643

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $271,643

Expense Breakdown

Grants Paid $184,365

Salaries & Benefits $70,330

Fundraising Expenses $0

Program Expenses $184,365

Other Expenses $47,978

TOTAL EXPENSES $302,673

Year-over-Year Comparison

	2020	2019	Change
Revenue	$271,643	$870,537	-0.7%
Expenses	$302,673	$890,642	-0.7%
Net Income	$-31,030	$-20,105	+0.5%

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

$50

Total Directors

$50

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rebecca Howard	Executive Dir.	25.00	Officer Director	$50	$0	$50
Newton Howard	Chairman	0.00	Director	$0	$0	$0
Richard Wirt	Vice Chairman	0.00	Director	$0	$0	$0
John Dankovchik	Board Member	0.00	Director	$0	$0	$0
Sergey Kanareykin	Board Member	0.00	Director	$0	$0	$0
Seema Kahn	Board Member	0.00	Director	$0	$0	$0
Reem Hassan	Ass. Director	40.00	Officer 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
2020	$271,643	$302,673	$26,587	$-31,030
2019	$870,537	$890,642	$11,756	$-20,105
2018	$253,133	$251,678	$9,295	$1,455