HENRY M JACKSON FOUNDATION FOR THE ADVANCEMENT OF MILITARY MEDICINE (EIN 521317896) - 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

1983

Legal Domicile

Principal Officer

DR JOSEPH CARAVALHO

Phone

2406942000

Tax Period

2023-10-01 to 2024-09-30

HENRY M JACKSON FOUNDATION FOR THE ADVANCEMENT OF MILITARY MEDICINE, founded in 1983, is a major nonprofit in the Medical Research sector that reported $628.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

WITH THE MISSION TO ADVANCE MILITARY MEDICINE, THE HENRY M. JACKSON FOUNDATION TO ADVANCE MILITARY MEDICINE, INC (HJF) IS A GLOBAL NONPROFIT ORGANIZATION PROVIDING INVESTIGATORS AND CLINICIANS SCIENTIFIC ADMINISTRATIVE AND PROGRAM MANAGEMENT SERVICE. HJF SERVES AS TRUSTED AND RESPONSIVE LINK BETWEEN THE MILITARY MEDICAL COMMUNITY, FEDERAL AND PRIVATE PARTNERS, AND THE MILLIONS OF AMERICAN SERVICE FAMILIES, VETERANS AND CIVILIANS WHO BENEFIT FROM THE MEDICAL RESEARCH ADVANCES THAT RESULT FROM THIS WORK.

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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 $532,567,796

Program Service Revenue $80,220,137

Investment Income $14,315,343

Other Revenue $1,824,277

TOTAL REVENUE $628,927,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,516,876

Fundraising Expenses $566,764

Program Expenses $607,217,772

Other Expenses $356,077,420

TOTAL EXPENSES $612,594,296

Year-over-Year Comparison

	2023	2022	Change
Revenue	$628,927,553	$570,387,126	+0.1%
Expenses	$612,594,296	$558,317,837	+0.1%
Net Income	$16,333,257	$12,069,289	+0.4%

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

2839

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

$3,596,651

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH CARAVALHO JR MD	PRESIDENT AND CEO	49.00	Officer	$690,813	$91,095	$781,908
ELIZABETH FOLK	EVP & COO	47	Officer	$475,132	$75,235	$550,367
COREY HASTINGS	SVP, TREASURER AND CFO	51	Officer	$402,439	$58,454	$460,893
SANDHYA VASAN	VP GLOBAL INFECTIOUS DISEASES RESEARCH	56	Highest	$370,837	$66,708	$437,545
CATHERINE CLARK	SVP, GENERAL COUNSEL AND SECRETARY	47	Officer	$362,609	$66,066	$428,675
RODNEY R SWEETLAND	PRESIDENT - CAMRIS	40	Highest	$392,726	$21,597	$414,323
CYNTHIA GILMAN	SVP STRATEGIC INIATIVES	47	Officer	$336,690	$75,392	$412,082
NADINE MALLOY	SVP AND CHIEF HUMAN RESOURCES OFFICER	51	Officer	$327,133	$54,556	$381,689
LA SHAUN BERRIEN	SVP, RESEARCH ADMINISTRATION AND INNOVATION MANAGEMENT 10/01/23-12/31/23	44	Officer	$294,101	$63,911	$358,012
BRAD SEPP	VP OF PROGRAMS - CAMRIS	40	Highest	$318,339	$39,059	$357,398
TREVOR CROWELL	DIRECTOR, CLINICAL RESEARCH DIRECTORATE	56	Highest	$291,885	$50,955	$342,840
MATTHEW JOHNSTON	DIRECTOR IT BUSINESS SYSTEMS	50	Highest	$276,715	$53,313	$330,028
QI SOSO YANG	SVP, RESEARCH ADMINISTRATION AND INNOVATION MANAGEMENT 05/03/24-09/30/24	41.00	Officer	$191,577	$31,448	$223,025
THE HONORABLE GAIL WILENSKY PHD	DIRECTOR-CHAIRMAN 10/01/23-07/11/24	1.00	Director	$0	$0	$0
RAQUEL BONO MD VADM US NAVY RET	DIRECTOR-CHAIRMAN 09/11/24-09/30/24	1	Director	$0	$0	$0
SID ASHWORTH	DIRECTOR	1	Director	$0	$0	$0
ELDER GRANGER MD MG US ARMY RET	DIRECTOR	1	Director	$0	$0	$0
GENERAL JOHN JAY M PAXTON JR USMC	DIRECTOR	1	Director	$0	$0	$0
THOMAS W WESTON JR	DIRECTOR	1	Director	$0	$0	$0
RONALD R BLANCK DO LTD USA RET	DIRECTOR	1	Director	$0	$0	$0
THE HONORABLE JOHN WOODSON MD MG	PRESIDENT USUHS - EX OFFICIO DIRECTOR	1	Director	$0	$0	$0
THE HON US SENATOR RODGER WICKER	SENATE ARMED SERVICES COMMITTEE - EX OFFICIO DIRECTOR	1	Director	$0	$0	$0
THE HONORABLE US SENATOR JACK REED	SENATE ARMED SERVICES COMMITTEE - EX OFFICIO DIRECTOR	1	Director	$0	$0	$0
US REP SCOTT DESJARLAIS	HOUSE ARMED SERVICES COMMITTEE - EX OFFICIO DIRECTOR	1	Director	$0	$0	$0
THE HONORABLE SALUD CARBAJAL	HOUSE ARMED SERVICES COMMITTEE _ EX OFFICIO DIRECTOR	1	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	$628,927,553	$612,594,296	$321,555,737	$16,333,257
2023	$570,387,126	$558,317,837	$330,120,949	$12,069,289
2022	$530,652,586	$542,512,800	$242,539,483	$-11,860,214
2021	$569,647,699	$552,186,297	$269,976,709	$17,461,402
2020	$479,715,248	$479,950,790	$268,198,754	$-235,542
2019	$495,039,325	$503,466,348	$224,661,438	$-8,427,023
2018	$510,718,713	$503,494,920	$277,974,134	$7,223,793

HENRY M JACKSON FOUNDATION FOR THE ADVANCEMENT OF MILITARY MEDICINE