PRODUCT QUALITY RESEARCH INSTITUTE (EIN 541972348) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

CATHERINE VICENTE

Phone

2022305199

Tax Period

2024-07-01 to 2025-06-30

PRODUCT QUALITY RESEARCH INSTITUTE, founded in 1999, is a small nonprofit in the Medical Research sector that reported $109K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $199K exceeded revenue, resulting in a 82% operating deficit.

Mission

TO GENERATE AND SHARE TIMELY, RELEVANT, AND IMPACTFUL INFORMATION THAT ADVANCES GLOBAL DRUG PRODUCT QUALITY, MANUFACTURING AND REGULATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $100,242

Investment Income $7,721

Other Revenue $491

TOTAL REVENUE $109,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,455

Other Expenses $199,049

TOTAL EXPENSES $199,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,454	$334,507	-0.7%
Expenses	$199,049	$301,772	-0.3%
Net Income	$-89,595	$32,735	-3.7%

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

N/A

Volunteers

125

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE PASKIET	CHAIR	0.75	Officer Director	$0	$0	$0
CATHERINE VICENTE	TREASURER	0.75	Officer Director	$0	$0	$0
DOUG KIEHL	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD HUTCHINSON	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SCHONEKER	DIRECTOR	0.50	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
2025	$109,454	$199,049	$393,970	$-89,595
2024	No data	No data	No data	No data
2023	$325,431	$275,742	$386,533	$49,689
2022	$208,987	$254,415	$299,261	$-45,428
2021	$151,036	$230,376	$412,181	$-79,340
2020	$99,707	$198,733	$489,900	$-99,026
2019	$308,591	$332,206	$583,541	$-23,615
2018	$223,072	$264,245	$576,976	$-41,173

PRODUCT QUALITY RESEARCH INSTITUTE