ADVANCED MEDICAL RESEARCH FOUNDATION INCD/B/A NILE ALBRIGHT RESEARCH FDN

EIN: 510209657 501(c)(3) Medical Research

CHESTNUT HILL, MA

Total Revenue
$3,972,625
Total Expenses
$2,441,539
Total Assets
$67,241,032
Net Assets
$65,143,794
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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
1973
Legal Domicile
MA
Principal Officer
MARTINA ALBRIGHT
Phone
6172781800
Tax Period
2023-01-01 to 2023-12-31

ADVANCED MEDICAL RESEARCH FOUNDATION INCD/B/A NILE ALBRIGHT RESEARCH FDN, founded in 1973, is a community nonprofit in the Medical Research sector that reported $4.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.5M, a strong 39% operating margin.

Mission

THE CORPORATION IS ORGANIZED,AND SHALL BE OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, ONE OR MORE CHARITABLE ORGANIZATIONS THAT PROMOTE THE ADVANCEMENT OF MEDICINE, ENGAGE IN MEDICAL AND SCIENTIFIC RESEARCH AND PROMOTE PUBLIC EDUCATION RELATED TO THE FOREGOING AND THAT HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND AS ORGANIZATIONS DESCRIBED IN EITHER SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1
Expenses: $1,885,893

TO SUPPORT CLINICAL CANCER RESEARCH AND TO COLLECT, ANALYZE & DISSEMINATE INFORMATION TO INTERESTED PARTIES TO PROMOTE A BETTER UNDERSTANDING OF CANCER AND BETTER OPPORTUNITIES FOR PATIENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,952,261
Program Service Revenue $0
Investment Income $1,020,364
Other Revenue $0
TOTAL REVENUE $3,972,625

Expense Breakdown

Grants Paid $1,561,750
Salaries & Benefits $464,381
Fundraising Expenses $62,246
Program Expenses $1,885,893
Other Expenses $415,408
TOTAL EXPENSES $2,441,539

Year-over-Year Comparison

2023 2022 Change
Revenue $3,972,625 $3,999,706 0.0%
Expenses $2,441,539 $6,316,425 -0.6%
Net Income $1,531,086 $-2,316,719 -1.7%
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

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Governance

Voting Members
5
Independent Members
3
Employees
3
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
3
$211,302
Total Directors
5
$211,302
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTINA B ALBRIGHT PRESIDENT 5.00
Officer Director
$60,000 $0 $60,000
ISAAC SCHIFF DIRECTOR 1.00
Director
$0 $0 $0
OLIVER ROBINSON TREASURER 35.00
Officer Director
$100,000 $51,302 $151,302
WHITFIELD GROWDON CLERK 1.00
Officer Director
$0 $0 $0
HARRY ORF DIRECTOR 1.00
Director
$0 $0 $0
NILE L ALBRIGHT MD PRESIDENT EMERITUS 35.00
Highest
$101,925 $52,781 $154,706
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 $3,972,625 $2,441,539 $67,241,032 $1,531,086
2022 $3,999,706 $3,316,425 $54,083,273 $683,281
2022 $3,999,706 $6,316,425 $54,083,273 $-2,316,719
2021 $6,501,514 $2,347,520 $69,323,551 $4,153,994
2020 $3,666,227 $2,355,217 $56,035,286 $1,311,010
2019 $3,746,750 $1,698,480 $46,790,036 $2,048,270
2018 $2,952,139 $1,386,391 $36,442,741 $1,565,748
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