THE JAIN FAMILY INSTITUTE

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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

2015

Legal Domicile

Principal Officer

MICHAEL STYNES

Phone

9174883995

Tax Period

2023-01-01 to 2023-12-31

THE JAIN FAMILY INSTITUTE, founded in 2015, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

JAIN FAMILY INSTITUTE (JFI) IS AN APPLIED RESEARCH ORGANIZATION WHOSE MISSION IS TO ADDRESS PRESSING SOCIAL PROBLEMS BY IDENTIFYING AND BUILDING HIGH-IMPACT INTERVENTIONS THAT TRANSLATE TO REAL WORLD PROGRESS. A PLATFORM FOR RESEARCH AND SOCIAL ENTREPRENEURSHIP, JFI BRINGS GLOBAL POLICY FROM THEORY TO PRACTICE.

Program Service Accomplishments

Program 1

Expenses: $4,422,720 Revenue: $513,329

THE INSTITUTE'S THREE LARGEST PROGRAM AREAS ARE: (A) PHENOMENAL WORLD, A FREELY-AVAILABLE PUBLICATION DEVOTED TO RIGOROUS AND INNOVATIVE WRITING ON ECONOMICS, HISTORY, FINANCE, POLICY, AND POLITICS; (B) HIGHER EDUCATION FINANCE, A RESEARCH PROGRAM EXAMINING THE STUDENT DEBT CRISIS AND HOW IT MIGHT BE AMELIORATED VIA ALTERNATIVE FINANCING STRUCTURES; & (C) FIELD, A TEAM DEVOTED TO RIGOROUS SOCIAL SCIENCE RESEARCH ACROSS THE INSTITUTE'S AREAS OF FOCUS INTENDED TO ARM POLICYMAKERS WITH EVIDENCE-BASED RECOMMENDATIONS. THE INSTITUTE HAS FURTHER PROGRAMS IN THE AREAS OF GUARANTEED INCOME, FINANCING THE ENERGY TRANSITION, AI FOR THE PUBLIC GOOD, AND SOCIAL WEALTH.THE INSTITUTE ALSO HELPS DESIGN AND INCUBATE NEW PHILANTHROPIC INITIATIVES BROUGHT TO US BY PARTNERS IN GOVERNMENT, INDUSTRY, ACADEMIA, AND OTHER SECTORS. ONE ACTIVE SUCH PROJECT IS THE CENTER FOR ACTIVE STEWARDSHIP, FOCUSED ON THE RELATIONSHIP BETWEEN THE ASSET MANAGEMENT INDUSTRY AND PRIVATE SECTOR ACTION ON CLIMATE CHANGE. THE INCUBATION OF ANOTHER SUCH PROGRAM, THE NEW INSTITUTE OF POLITICAL ECONOMY, ENDED IN 2023.

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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 $5,312,505

Program Service Revenue $513,329

Investment Income $19,578

Other Revenue $2,012

TOTAL REVENUE $5,847,424

Expense Breakdown

Grants Paid $153,935

Salaries & Benefits $3,292,927

Fundraising Expenses $216,294

Program Expenses $4,422,720

Other Expenses $2,288,412

TOTAL EXPENSES $5,735,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,847,424	$5,246,560	+0.1%
Expenses	$5,735,274	$6,157,170	-0.1%
Net Income	$112,150	$-910,610	-1.1%

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

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

$424,330

Total Directors

$241,080

Key Employees

$240,866

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT JAIN	PRESIDENT/CHAIRMAN	5.00	Officer Director	$0	$0	$0
CAROLA JAIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL B STYNES	CEO & DIRECTOR	41.00	Officer Director	$205,552	$35,528	$241,080
ALEXANDER JACOBS	CHIEF OPERATING OFFICER	40.00	Officer	$157,925	$25,325	$183,250
JEROME HODGES	CHIEF RESEARCH OFFICER	40.00	Key Emp	$204,703	$36,163	$240,866
MOLLY DEKTAR	EDITORIAL DIRECTOR	40.00	Highest	$149,238	$41,851	$191,089
SIDHYA BALAKRISHNAN	DIRECTOR OF RESEARCH	40.00	Highest	$149,202	$12,521	$161,723
NOLAN LINDQUIST	EXECUTIVE DIR. FOR ACTIVE STEWARDSHIP	40.00	Highest	$144,075	$21,796	$165,871
LAURA BEAMER	LEAD RESEARCHER	40.00	Highest	$111,846	$24,405	$136,251
PAUL KATZ	LEAD RESEARCHER	40.00	Highest	$107,669	$20,153	$127,822

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	$5,847,424	$5,735,274	$1,042,629	$112,150
2022	$5,246,560	$6,157,170	$1,293,147	$-910,610
2021	$5,283,522	$11,326,024	$1,266,575	$-6,042,502
2020	$10,638,318	$4,001,076	$7,351,543	$6,637,242
2019	$2,707,929	$2,837,614	$555,861	$-129,685
2018	$2,454,546	$2,026,807	$647,688	$427,739