INSTITUTE FOR OPERATIONS RESEARCH AND THE MANAGEMENT SCIENCES

EIN: 521898636 501(c)(3) Social Science

CATONSVILLE, MD

Total Revenue
$16,211,301
Total Expenses
$15,645,092
Total Assets
$31,996,807
Net Assets
$20,491,573
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MD
Principal Officer
ELENA GERSTMANN
Phone
4437573500
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE FOR OPERATIONS RESEARCH AND THE MANAGEMENT SCIENCES, founded in 1995, is a mid-sized nonprofit in the Social Science sector that reported $16.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $15.6M left a modest 3% surplus.

Mission

INFORMS LEADS IN THE DEVELOPMENT, DISSEMINATION AND IMPLEMENTATION OF KNOWLEDGE, RESEARCH, AND TECHNOLOGIES IN OPERATIONS RESEARCH, ANALYTICS, THE MANAGEMENT SCIENCES, AND RELATED METHODS OF IMPROVING OPERATIONAL PROCESSES, DECISION MAKING, AND MANAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $4,225,419 Revenue: $6,220,300

CONFERENCES AND MEETINGS - INFORMS ARRANGES AN ANNUAL MEETING AND A MEETING FOR PRACTICING PROFESSIONALS TO GIVE THE MEMBERS THE OPPORTUNITY TO INTERACT WITH COLLEAGUES, PRESENT RESEARCH, AND LEARN...

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CONFERENCES AND MEETINGS - INFORMS ARRANGES AN ANNUAL MEETING AND A MEETING FOR PRACTICING PROFESSIONALS TO GIVE THE MEMBERS THE OPPORTUNITY TO INTERACT WITH COLLEAGUES, PRESENT RESEARCH, AND LEARN THE LATEST METHODS AND TECHNOLOGIES. OTHER MEETINGS ARE OFFERED IN ADDITION TO THESE TWO MAJOR MEETINGS EACH YEAR.

Program 2
Expenses: $3,915,638 Revenue: $5,843,506

PUBLICATIONS - INFORMS PRODUCES SEVENTEEN SCIENTIFIC AND SCHOLARLY JOURNALS WHICH ARE PUBLISHED ON A MONTHLY, BI-MONTHLY, AND QUARTERLY BASIS THAT DESCRIBE THE LATEST OPERATIONS RESEARCH AND...

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PUBLICATIONS - INFORMS PRODUCES SEVENTEEN SCIENTIFIC AND SCHOLARLY JOURNALS WHICH ARE PUBLISHED ON A MONTHLY, BI-MONTHLY, AND QUARTERLY BASIS THAT DESCRIBE THE LATEST OPERATIONS RESEARCH AND ANALYTICS METHODS AND APPLICATION, AND AN INDUSTRY AND MEMBERSHIP MAGAZINE WITH NEWS FROM ACROSS THE PROFESSION.

Program 3
Expenses: $3,522,891 Revenue: $1,301,029

MEMBER PROGRAMS - MEMBERSHIP IN INFORMS PROVIDES MEMBERS MANY PERSONAL AND PROFESSIONAL CAREER ENHANCING RESOURCES. THE PROGRAMS INCLUDE INFORMS CONNECT, COMMUNITIES, PROFESSIONAL RECOGNITION...

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MEMBER PROGRAMS - MEMBERSHIP IN INFORMS PROVIDES MEMBERS MANY PERSONAL AND PROFESSIONAL CAREER ENHANCING RESOURCES. THE PROGRAMS INCLUDE INFORMS CONNECT, COMMUNITIES, PROFESSIONAL RECOGNITION, VOLUNTEER OPPORTUNITIES, INFORMS ONLINE AND CAREER RESOURCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $131,349
Program Service Revenue $14,184,067
Investment Income $802,316
Other Revenue $1,093,569
TOTAL REVENUE $16,211,301

Expense Breakdown

Grants Paid $282,449
Salaries & Benefits $5,347,706
Fundraising Expenses $0
Program Expenses $14,402,409
Other Expenses $10,014,937
TOTAL EXPENSES $15,645,092

Year-over-Year Comparison

2024 2023 Change
Revenue $16,211,301 $14,608,514 +0.1%
Expenses $15,645,092 $14,851,026 +0.1%
Net Income $566,209 $-242,512 -3.3%
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
15
Independent Members
15
Employees
52
Volunteers
4500

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
6
$374,584
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE SWANN PRESIDENT 6.00
Officer Director
$0 $0 $0
DAVID HUNT PRESIDENT-ELECT 6.00
Officer Director
$0 $0 $0
LAURA ALBERT PAST PRESIDENT 6.00
Officer Director
$0 $0 $0
MARK LEWIS SECRETARY 6.00
Officer Director
$0 $0 $0
SUSAN MARTONOSI TREASURER 6.00
Officer Director
$0 $0 $0
MIGUEL ANJOS VP, INTERNATIONAL ACTIVITIES 6.00
Director
$0 $0 $0
ILLYA HICKS VP, EDUCATION 6.00
Director
$0 $0 $0
WARREN HEARNES VP, TECHNOLOGY STRATEGY 6.00
Director
$0 $0 $0
ROBIN LOUGEE VP, PRACTICE 6.00
Director
$0 $0 $0
ANAHITA KHOJANDI VP, MEMBERSHIP & PROFESSIONAL 6.00
Director
$0 $0 $0
ARIELA SOFER VP, MEETINGS 6.00
Director
$0 $0 $0
MARK SQUILLANTE VP, SECTIONS & SOCIETIES 6.00
Director
$0 $0 $0
TINGLONG DAI VP, MARKETING, COMMUNICATION 6.00
Director
$0 $0 $0
CHRIS TANG VP, PUBLICATIONS 6.00
Director
$0 $0 $0
VINOD CHERIYAN VP, CHAPTERS AND FORUMS 6.00
Director
$0 $0 $0
ELENA A GERSTMANN EXECUTIVE DIRECTOR 40.00
Officer
$324,159 $50,425 $374,584
JOHN KING DIRECTOR, IT 40.00
Highest
$197,511 $11,710 $209,221
JEFFREY M COHEN CHIEF STRATEGY & INNOVATION 40.00
Highest
$191,100 $20,796 $211,896
KYLE JORDAN DIRECTOR, MEETINGS 40.00
Highest
$174,199 $12,863 $187,062
REGINA M LLOYD CHIEF HUMAN RESOURCES OFFICER 40.00
Highest
$166,681 $36,129 $202,810
MARY T MAGROGAN DIRECTOR, RECOGNITION & DEVELOPMENT 40.00
Highest
$155,033 $17,664 $172,697
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 $16,211,301 $15,645,092 $31,996,807 $566,209
2023 $14,608,514 $14,851,026 $25,725,358 $-242,512
2023 $14,608,514 $14,851,026 $25,725,358 $-242,512
2022 $12,689,693 $14,548,260 $24,048,596 $-1,858,567
2021 $15,117,457 $13,508,566 $26,434,538 $1,608,891
2020 $11,337,381 $12,138,506 $24,446,454 $-801,125
2019 $15,697,622 $15,406,398 $25,013,130 $291,224
2018 $14,181,637 $13,158,494 $22,197,296 $1,023,143
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