INSTITUTE FOR CLINICAL RESEARCH INC

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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

1984

Legal Domicile

Principal Officer

FELIX OLIVER

Phone

2024626820

Tax Period

2025-01-01 to 2025-12-31

INSTITUTE FOR CLINICAL RESEARCH INC, founded in 1984, is a community nonprofit in the Medical Research sector that reported $5.0M in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $11.5M represent 28 months of operating reserves.

Mission

TO SUPPORT AND PERFORM MEDICAL AND PHARMACOLOGICAL RESEARCH, RELATED EDUCATIONAL ACTIVITIES AND OTHER RELATED ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $4,080,214 Revenue: $1,911,018

CONDUCT INVESTIGATIONS, EXPERIMENTS AND STUDIES TO DISCOVER, DEVELOP OR CERTIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSES, TREATMENT, PREVENTION, OR CONTROL OF PHYSICAL DISEASE AND IMPAIRMENTS OF...

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,850,436

Program Service Revenue $1,911,018

Investment Income $195,793

Other Revenue $6,684

TOTAL REVENUE $4,963,931

Expense Breakdown

Grants Paid $780,491

Salaries & Benefits $2,479,589

Fundraising Expenses $70,990

Program Expenses $4,080,214

Other Expenses $1,835,714

TOTAL EXPENSES $5,095,794

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,963,931	$4,259,934	+0.2%
Expenses	$5,095,794	$4,929,502	+0.0%
Net Income	$-131,863	$-669,568	-0.8%

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

$506,925

Total Directors

$2,798,744

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FELIX OLIVER	EXECUTIVE DIRECTOR/CEO	20.00	Officer	$193,771	$1,845	$195,616
ADRIANA SANCHEZ	ID RESEARCH MANAGER	40.00	Highest	$154,711	$16,373	$171,084
KIMBERLY VIENS	RESEARCH MANAGER	40.00	Highest	$106,730	$10,033	$116,763
THUY-DUC LE	ACCOUNTANT	40.00	Highest	$107,827	$1,726	$109,553
SHIRLEY CUMMINS	RESEARCH ASSOCIATE, DATA MANAGER	40.00	Highest	$104,969	$1,010	$105,979
ASHA KRISHNA	PROGRAM DIRECTOR	40.00	Highest	$104,861	$954	$105,815
GAIL KERR MD	CHAIRMAN	2.00	Officer Director	$0	$0	$311,309
PAMELA KARASIK MD	DIRECTOR	1.00	Director	$0	$0	$395,723
SAMIR PATEL MD	DIRECTOR	1.00	Director	$0	$0	$328,279
CHARLES FASELIS MD	DIRECTOR	1.00	Director	$0	$0	$324,544
SAMANTHA MCINTOSH MD	DIRECTOR	1.00	Director	$0	$0	$321,207
JANANI RANGASWAMI MD	DIRECTOR	1.00	Director	$0	$0	$290,433
ANGELIKE LIAPPIS MD	DIRECTOR	1.00	Director	$0	$0	$268,875
DANIEL TAUB PHD	DIRECTOR	1.00	Director	$0	$0	$191,900
VAMSEE POTLURI MHAMBA FACHE	DIRECTOR	1.00	Director	$0	$0	$187,904
QING ZENG PHD	DIRECTOR	1.00	Director	$0	$0	$176,570
MELVIN GOODWEATHER	DIRECTOR	1.00	Director	$2,000	$0	$2,000

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
2025	$4,963,931	$5,095,794	$13,085,363	$-131,863
2024	$4,259,934	$4,929,502	$12,649,635	$-669,568
2023	$4,582,631	$4,389,089	$13,306,079	$193,542
2022	$6,536,173	$5,961,090	$14,785,440	$575,083
2021	$12,644,363	$10,809,919	$20,629,782	$1,834,444
2020	$6,193,738	$6,313,935	$13,491,504	$-120,197
2019	$2,537,022	$3,083,851	$10,261,770	$-546,829
2018	$4,506,522	$3,820,928	$10,982,344	$685,594