GALEN INSTITUTE 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

1995

Legal Domicile

Principal Officer

GRACE-MARIE TURNER

Phone

7036874665

Tax Period

2022-01-01 to 2022-12-31

GALEN INSTITUTE INC, founded in 1995, is a small nonprofit that reported $114K in total revenue in fiscal year 2022. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $482K exceeded revenue, resulting in a 322% operating deficit.

Mission

THE INSTITUTE IS DEVOTED TO ADVANCING FREE-MARKET IDEAS IN HEALTH POLICY. THE INSTITUTE PROMOTES A MORE INFORMED PUBLIC DEBATE OVER IDEAS THAT SUPPORT INNOVATION, HEALTH FREEDOM, CONSUMER CHOICE AND COMPETITION.

Program Service Accomplishments

Program 1

Expenses: $366,253

PROVIDE ANALYSIS AND EDUCATION REGARDING HEALTH CARE MATTERS, INCLUDING THE IMPACT OF TAX POLICY ON HEALTH CARE ISSUES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $113,950

Program Service Revenue $0

Investment Income $294

Other Revenue $0

TOTAL REVENUE $114,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,408

Fundraising Expenses $17,309

Program Expenses $366,253

Other Expenses $186,157

TOTAL EXPENSES $481,565

Year-over-Year Comparison

	2022	2021	Change
Revenue	$114,244	$902,497	-0.9%
Expenses	$481,565	$940,838	-0.5%
Net Income	$-367,321	$-38,341	+8.6%

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

$282,968

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE-MARIE TURNER	PRESIDENT	060.00	Officer	$227,386	$55,582	$282,968
BETH HAYNES	TREASURER	006.00	Officer Director	$0	$0	$0
JOHN HOFF	SECRETARY	006.00	Officer Director	$0	$0	$0
JUDITH BRACHMAN	TRUSTEE	006.00	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
2022	$114,244	$481,565	No data	$-367,321
2021	$902,497	$940,838	$1,675,249	$-38,341
2020	$762,152	$747,532	$1,713,374	$14,620
2019	$746,400	$741,480	$1,693,410	$4,920
2018	$724,195	$744,935	$1,655,960	$-20,740