Sleep Research Society Foundation (SRSF)

EIN: 542175447 501(c)(3) Medical Research

Darien, IL

Total Revenue
$452,293
Total Expenses
$857,488
Total Assets
$1,200,097
Net Assets
$966,474
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IL
Principal Officer
John Noel
Phone
6307379716
Tax Period
2023-01-01 to 2023-12-31

Sleep Research Society Foundation (SRSF), founded in 2005, is a small nonprofit in the Medical Research sector that reported $452K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $857K exceeded revenue, resulting in a 90% operating deficit.

Mission

The Sleep Research Society Foundation is committed to the growth and development of the field of sleep and circadian research through education and research funding opportunities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $404,128
Program Service Revenue $0
Investment Income $48,165
Other Revenue $0
TOTAL REVENUE $452,293

Expense Breakdown

Grants Paid $631,204
Salaries & Benefits $10,179
Fundraising Expenses $28,899
Program Expenses $637,259
Other Expenses $216,105
TOTAL EXPENSES $857,488

Year-over-Year Comparison

2023 2022 Change
Revenue $452,293 $810,019 -0.4%
Expenses $857,488 $421,369 +1.0%
Net Income $-405,195 $388,650 -2.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
10
Employees
N/A
Volunteers
15

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
4
$5,000
Total Directors
17
$5,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip Gehrman PhD President 1.00
Officer Director
$0 $0 $0
Stephanie J Crowley Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Sairam Parthasarathy MD Past President 1.00
Officer Director
$5,000 $0 $5,000
Amy Wolfson Director 1.00
Director
$0 $0 $0
Andrew D Kystal MD Director 1.00
Director
$0 $0 $0
Anne Marie Morse DO Director 1.00
Director
$0 $0 $0
Cathy Alessi Director 1.00
Director
$0 $0 $0
Chandra Jackson Director 1.00
Director
$0 $0 $0
Daniel Buysse Director 1.00
Director
$0 $0 $0
Girardin Jean-Louis Director 1.00
Director
$0 $0 $0
H Craig Heller PhD Director 1.00
Director
$0 $0 $0
Megan E Petrov Director 1.00
Director
$0 $0 $0
Miranda M Lim Director 1.00
Director
$0 $0 $0
Namni Goel Director 1.00
Director
$0 $0 $0
Octavian Ioachimescu MD PhD Director 1.00
Director
$0 $0 $0
Ravi Allada MD Director 1.00
Director
$0 $0 $0
Suzanne M Bertisch Director 1.00
Director
$0 $0 $0
John A Noel Executive Director 1.00
Officer
$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
2024 No data No data No data No data
2023 $452,293 $857,488 $1,200,097 $-405,195
2022 $810,019 $421,369 $1,409,605 $388,650
2021 $216,948 $329,018 $1,084,859 $-112,070
2020 $87,368 $336,938 $1,231,364 $-249,570
2019 $697,616 $448,072 $1,444,113 $249,544
2018 $693,294 $435,990 $603,305 $257,304
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