HJF MEDICAL RESEARCH INTERNATIONAL INC

EIN: 522322791 501(c)(3) Diseases & Disorders

Bethesda, MD

Total Revenue
$58,713,646
Total Expenses
$56,451,369
Total Assets
$19,599,625
Net Assets
$4,100,660
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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
2001
Legal Domicile
DE
Principal Officer
Corey Hastings
Phone
2406942000
Tax Period
2022-10-01 to 2023-09-30

HJF MEDICAL RESEARCH INTERNATIONAL INC, founded in 2001, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $58.7M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $56.5M left a modest 4% surplus.

Mission

HJF Medical Research International Inc (HJFMRI) advances medical research and care around the world.

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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 (2022)

Revenue Breakdown

Contributions & Grants $58,257,099
Program Service Revenue $0
Investment Income $4,094
Other Revenue $452,453
TOTAL REVENUE $58,713,646

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,896,351
Fundraising Expenses $0
Program Expenses $48,994,451
Other Expenses $36,555,018
TOTAL EXPENSES $56,451,369

Year-over-Year Comparison

2022 2021 Change
Revenue $58,713,646 $65,415,188 -0.1%
Expenses $56,451,369 $63,637,528 -0.1%
Net Income $2,262,277 $1,777,660 +0.3%
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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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
4

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
$1,482,881
Total Directors
4
$1,680,627
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joesph Caravalho Jr MD President/CEO 0
Officer
$0 $81,245 $778,735
Elizabeth Folk Director and Treasurer 0
Officer Director
$0 $74,267 $518,584
Edward Bloom Program Manager 4 0
Highest
$0 $43,031 $409,795
Corey Hastings Chairman 0
Director
$0 $58,673 $409,702
Merlin Robb Director 0
Director
$0 $77,335 $407,936
Rodney R Sweetland President - CAMRIS 0
Highest
$0 $16,101 $403,371
Jeffery Hooke Head of Pathology 0
Highest
$0 $66,023 $397,485
Sandhya Vasan Vice President, Global Infectious Diseases Research 0
Highest
$0 $63,847 $395,647
Matthew Johnston Dir, IT Business Systems 0
Highest
$0 $49,670 $362,459
Nadine Malloy Director 0
Director
$0 $47,878 $344,405
Jennifer Geib Secretary 0
Officer
$0 $31,085 $185,562
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 No data No data No data No data
2024 No data No data No data No data
2023 $58,713,646 $56,451,369 $19,599,625 $2,262,277
2022 $65,415,188 $63,637,528 $19,768,728 $1,777,660
2021 $62,485,276 $63,423,198 $26,962,581 $-937,922
2020 $48,658,820 $48,369,042 $51,869,287 $289,778
2019 $53,192,953 $54,582,320 $41,939,409 $-1,389,367
2018 $65,846,074 $62,888,744 $38,059,642 $2,957,330
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