VMI RESEARCH LABORATORIES (EIN 540737652) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Phone

5404647432

Tax Period

2024-07-01 to 2025-06-30

VMI RESEARCH LABORATORIES, founded in 1963, is a small nonprofit that reported $354K in total revenue in fiscal year 2018. Expenses of $417K exceeded revenue, resulting in a 18% operating deficit.

Mission

Research and Educational Activities

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,991,875

Program Service Revenue $129,346

Investment Income $8,300

Other Revenue $72

TOTAL REVENUE $2,129,593

Expense Breakdown

Grants Paid $37,684

Salaries & Benefits $1,110,961

Fundraising Expenses $0

Program Expenses $1,998,210

Other Expenses $1,004,354

TOTAL EXPENSES $2,152,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,129,593	$3,051,078	-0.3%
Expenses	$2,152,999	$3,087,521	-0.3%
Net Income	$-23,406	$-36,443	-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

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

$55,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Abigail Dawson	Director	0.5	Director	$0	$0	$0
Chris Wilson	Director	0.5	Director	$0	$0	$0
Jose Gomez	Chairman	0.5	Director	$0	$0	$0
Mark Bryant	Director	0.5	Director	$0	$0	$0
Michael Sebastino	Director	0.5	Director	$0	$0	$0
Pat Griffin	Director	0.5	Director	$0	$0	$0
Robert Eagle	Director	0.5	Director	$0	$0	$0
Tim Hodges	Director	0.5	Director	$0	$0	$0
Angie Fafatas	Treasurer/ Contractual Officer	25.0	Officer	$46,700	$0	$46,700
Anne Alerding	Secreatary	1.0	Officer	$2,400	$0	$2,400
Wade E Bell	Director of Research	1.0	Officer	$6,600	$0	$6,600

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	$2,129,593	$2,152,999	$2,025,981	$-23,406
2024	$3,051,078	$3,087,521	$1,774,768	$-36,443
2023	$2,414,533	$2,644,048	$1,592,848	$-229,515
2022	$2,417,352	$2,214,267	$1,533,902	$203,085
2021	$1,132,928	$1,018,853	$1,098,262	$114,075
2020	$389,877	$451,096	$697,728	$-61,219
2019	$353,874	$417,258	$703,972	$-63,384

VMI RESEARCH LABORATORIES