HORTICULTURAL RESEARCH INSTITUTE I… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

KAREN LIMBERT

Phone

6144871117

Tax Period

2023-01-01 to 2023-12-31

HORTICULTURAL RESEARCH INSTITUTE INC, founded in 1975, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $348K, a strong 24% operating margin.

Mission

TO DIRECT, FUND, PROMOTE, AND COMMUNICATE HORTICULTURAL RESEARCH WHICH INCREASES THE QUALITY AND VALUE OF PLANTS, IMPROVES THE PRODUCTIVITY AND PROFITABILITY OF THE NURSERY AND LANDSCAPE INDUSTRY, AND PROTECTS AND ENHANCES THE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $646,404

RESEARCH PROJECTS AND STUDENT SCHOLARSHIPS THAT FOCUS ON GREEN INDUSTRY PRIORITY ISSUES RESULTING IN PROBLEM SOLVING SOLUTIONS AND TECHNIQUES, INCLUDING STUDENT EDUCATION.

Program 2

Expenses: $28,713 Revenue: $27,600

PUBLICATION: JOURNAL OF ENVIRONMENTAL HORTICULTURE PROVIDES A MEANS FOR RAPID COMMUNICATION OF IMPORTANT, RELEVANT, AND CURRENT RESEARCH FINDINGS IN ENVIRONMENTAL HORTICULTURE TO THE GREEN INDUSTRY...

Program 3

Expenses: $234,258

LEADERSHIP: THE HRI LEADERSHIP ACADEMY GUIDES PARTICIPANTS THROUGH A CONCENTRATED CURRICULUM DESIGNED TO DEVELOP THE SKILLS THE FUTURE GREEN INDUSTRY WILL NEED TO PERFORM BETTER, GROW FASTER, AND...

LEADERSHIP: THE HRI LEADERSHIP ACADEMY GUIDES PARTICIPANTS THROUGH A CONCENTRATED CURRICULUM DESIGNED TO DEVELOP THE SKILLS THE FUTURE GREEN INDUSTRY WILL NEED TO PERFORM BETTER, GROW FASTER, AND PREPARE FOR THE FUTURE. THE ACADEMY ADDRESSES THE INDUSTRY'S NEED FOR A LEADERSHIP DEVELOPMENT PROGRAM THAT SERVES BOTH CURRENT AND FUTURE LEADERS THROUGH TRAINING, COACHING, AND ACCESS TO A GROWING NETWORK OF INDUSTRY LEADERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,004,275

Program Service Revenue $27,600

Investment Income $400,735

Other Revenue $0

TOTAL REVENUE $1,432,610

Expense Breakdown

Grants Paid $431,848

Salaries & Benefits $0

Fundraising Expenses $66,515

Program Expenses $909,375

Other Expenses $652,349

TOTAL EXPENSES $1,084,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,432,610	$1,163,330	+0.2%
Expenses	$1,084,197	$991,606	+0.1%
Net Income	$348,413	$171,724	+1.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$400,306

Total Directors

Key Employees

$191,067

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH FISHER	EXECUTIVE DIRECTOR	3.00	Officer	$0	$52,469	$400,306
KAREN LIMBERT	VP & CONTROLLER, AMERICAN HORT	2.00	Key Emp	$0	$40,800	$191,067
JONATHAN BERRY	TRUSTEE	1.00	Director	$0	$0	$0
HARVEY COTTEN	TRUSTEE	3.00	Director	$0	$0	$0
MARK YELANICH PHD	TRUSTEE	1.00	Director	$0	$0	$0
ED BEMIS	TRUSTEE	1.00	Director	$0	$0	$0
PETER MEZITT	TRUSTEE	1.00	Director	$0	$0	$0
RYAN OVERDEVEST	TRUSTEE	1.00	Director	$0	$0	$0
JOHN RAUSCH	TRUSTEE	1.00	Director	$0	$0	$0
MARK REINER	TRUSTEE	1.00	Director	$0	$0	$0
BEN ROUGH	TRUSTEE	1.00	Director	$0	$0	$0
ED TANKARD	TRUSTEE	1.00	Director	$0	$0	$0
BENNETT SAUNDERS	TRUSTEE	1.00	Director	$0	$0	$0
MARIA ZAMPINI	TRUSTEE	1.00	Director	$0	$0	$0
SHANE BROCKSHUS	TRUSTEE	1.00	Director	$0	$0	$0
JIM EASON	TRUSTEE	1.00	Director	$0	$0	$0
MIKE HILLER	TRUSTEE	1.00	Director	$0	$0	$0
MATT SAWYER	TRUSTEE	1.00	Director	$0	$0	$0
LLOYD TRAVEN	TRUSTEE	1.00	Director	$0	$0	$0
ALAN JONES	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN DECKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEIGH GESCHWILL	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
DAN BATSON	TREASURER	2.00	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
2024	No data	No data	No data	No data
2023	$1,432,610	$1,084,197	$20,184,335	$348,413
2022	$1,163,330	$991,606	$17,374,160	$171,724
2021	$2,143,577	$824,375	$20,650,624	$1,319,202
2020	$2,020,148	$756,537	$17,717,179	$1,263,611
2019	$833,779	$901,247	$15,376,206	$-67,468
2018	$987,869	$842,490	$13,037,838	$145,379

HORTICULTURAL RESEARCH INSTITUTE INC