AERAS

EIN: 522044704 501(c)(3)

Germantown, MD

Total Revenue
$873,999
Total Expenses
$1,923,463
Total Assets
$3,261,871
Net Assets
$3,230,645
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
DC
Principal Officer
JACQUELINE SHEA LUCAS
Phone
3015472900
Tax Period
2019-01-01 to 2019-12-31

AERAS, founded in 1997, is a small nonprofit that reported $874K in total revenue in fiscal year 2019. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 120% operating deficit.

Mission

AERAS IS A NON-PROFIT PRODUCT DEVELOPMENT ORGANIZATION DEDICATED TO THE DEVELOPMENT OF EFFECTIVE TUBERCULOSIS (TB) VACCINES AND BIOLOGICS TO PREVENT TB ACROSS ALL AGE GROUPS IN AN AFFORDABLE AND SUSTAINABLE MANNER. AERAS UTILIZES ITS BROAD CAPABILITIES AND TECHNOLOGIES IN COLLABORATION WITH NUMEROUS PARTNERS AND STAKEHOLDERS TO SUPPORT THE DEVELOPMENT OF VACCINES AND OTHER BIOPHARMACEUTICALS TO ADDRESS TB AND OTHER SIGNIFICANT PUBLIC HEALTH NEEDS OF UNDERSERVED POPULATIONS. IN THE PURSUIT OF OUR MISSION, WE ARE GUIDED BY OUR CORE VALUES. THESE CORE VALUES EXPRESS OUR ASPIRATIONS AND THE BEHAVIORS WE WANT TO EXHIBIT AND MODEL. THEY SHAPE THE CULTURE AND CHARACTER OF AERAS AND INFORM ALL OF OUR DECISIONS AND ACTIONS.

Program Service Accomplishments

Program 1
Expenses: $77,352 Revenue: $0

SUPPORT TO PRECLINICAL, CLINICAL AND RESEARCH EFFORTS TO HELP RAISE AWARENESS AND SUPPORT TB VACCINES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $805,210
Program Service Revenue $0
Investment Income $68,789
Other Revenue $0
TOTAL REVENUE $873,999

Expense Breakdown

Grants Paid $0
Salaries & Benefits $834,358
Fundraising Expenses $0
Program Expenses $77,352
Other Expenses $1,089,105
TOTAL EXPENSES $1,923,463

Year-over-Year Comparison

2019 2018 Change
Revenue $873,999 $11,652,936 -0.9%
Expenses $1,923,463 $24,169,942 -0.9%
Net Income $-1,049,464 $-12,517,006 -0.9%
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
2
Independent Members
1
Employees
11
Volunteers
1

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
1
$72,091
Total Directors
2
$498,455
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACQUELINE SHEA CEO 0.0
Director
$498,455 $0 $498,455
DONNA D'AMATO CONTROLLER 40.0
Highest
$261,688 $1,320 $263,008
JACQUELINE SHEPPARD ASSOC DIR, PAYROLL & BENEFITS 40.0
Highest
$250,743 $11,265 $262,008
MARIA RUIZ SR. MANAGER, EHS 40.0
Highest
$123,968 $982 $124,950
BRANDON LAU DIRECTOR, FP&A 0.0
Highest
$108,289 $0 $108,289
JENNIFER WELGOS INTERIM CEO 10.0
Officer
$72,091 $0 $72,091
DAVID BLUMBERG DIRECTOR 1.0
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
2019 $873,999 $1,923,463 $3,261,871 $-1,049,464
2018 $11,652,936 $24,169,942 $6,701,003 $-12,517,006
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