Health Research Institute (EIN 475550533) - 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

2015

Legal Domicile

Principal Officer

John Fagan

Phone

6415526258

Tax Period

2023-01-01 to 2023-12-31

Health Research Institute, founded in 2015, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $472K in total revenue in fiscal year 2023. Expenses of $609K exceeded revenue, resulting in a 29% operating deficit.

Mission

Health Research Institute carries out scientific research, education and communication to improve sustainability of food and agriculture, and to promote human health.

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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 $121,000

Program Service Revenue $351,354

Investment Income $0

Other Revenue $0

TOTAL REVENUE $472,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,022

Fundraising Expenses $2,447

Program Expenses $522,414

Other Expenses $353,375

TOTAL EXPENSES $609,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,354	$464,092	+0.0%
Expenses	$609,397	$823,100	-0.3%
Net Income	$-137,043	$-359,008	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Fagan	President & CEO	30.00	Officer Director	$0	$0	$0
Steve Rye	Director	0.50	Director	$0	$0	$0
Michael Lelah	Director	0.50	Director	$0	$0	$0
Errol Schweizer	Director	0.50	Director	$0	$0	$0
Larry Bohlen	Director	0.50	Director	$0	$0	$0
George Davidson	Director	0.50	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	$472,354	$609,397	$103,167	$-137,043
2022	$464,092	$823,100	$103,903	$-359,008
2021	$596,439	$793,815	$294,811	$-197,376
2020	$360,455	$637,414	$192,794	$-276,959
2019	$444,664	$659,398	$259,745	$-214,734
2018	$378,581	$652,890	$443,190	$-274,309

Health Research Institute