Clayton Medical Research Foundation Inc

EIN: 510306704 501(c)(3)

Carson City, NV

Total Revenue
$2,839,778
Total Expenses
$3,913,882
Total Assets
$88,853,594
Net Assets
$85,949,364
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
DE
Principal Officer
Robert M Wallace
Phone
7753293111
Tax Period
2023-01-01 to 2023-12-31

Clayton Medical Research Foundation Inc, founded in 1989, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Expenses of $3.9M exceeded revenue, resulting in a 38% operating deficit.

Mission

Clayton Medical Research Foundation, Inc. was established as a charitable non-profit corporation to support medical and scientific research.

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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 $0
Program Service Revenue $0
Investment Income $2,839,778
Other Revenue $0
TOTAL REVENUE $2,839,778

Expense Breakdown

Grants Paid $3,361,525
Salaries & Benefits $258,549
Fundraising Expenses $0
Program Expenses $3,618,477
Other Expenses $293,808
TOTAL EXPENSES $3,913,882

Year-over-Year Comparison

2023 2022 Change
Revenue $2,839,778 $2,968,221 0.0%
Expenses $3,913,882 $2,947,932 +0.3%
Net Income $-1,074,104 $20,289 -53.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
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
8
$3,255,020
Total Directors
6
$3,570,827
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert M Wallace Trustee, President 8.00
Officer Director
$13,813 $97,800 $761,256
Jarred W Sloan Trustee, Vice President, Treasurer 6.00
Officer Director
$13,813 $97,800 $761,256
Lynn P Carter Trustee 4.00
Director
$13,813 $97,800 $761,256
Joan S Dunlap Trustee,VP,Assistant Secretary 4.00
Officer Director
$9,920 $88,019 $588,105
Brian W Crozier Trustee, Chairman 2.00
Officer Director
$13,813 $50,086 $395,392
Thomas J Brorby Deceased Trustee, Chairman 2.00
Officer Director
$11,479 $16,600 $303,562
Robert L Evans VP, Assistant Treasurer 0.00
Officer
$0 $81,846 $291,846
John Russell Beekman Vice President 10.00
Officer
$0 $39,925 $153,603
Christopher MacKenzie Vice President, Secretary 1.00
Officer
$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 $2,839,778 $3,913,882 $88,853,594 $-1,074,104
2022 $2,968,221 $2,947,932 $77,997,012 $20,289
2021 $3,301,602 $3,411,349 $95,559,460 $-109,747
2020 $1,906,095 $3,147,844 $82,610,089 $-1,241,749
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