PISGAH ASTRONOMICAL RESEARCH INSTITUTE (EIN 562108640) - 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

1998

Legal Domicile

Principal Officer

J DONALD CLINE

Phone

8288625554

Tax Period

2023-01-01 to 2023-12-31

PISGAH ASTRONOMICAL RESEARCH INSTITUTE, founded in 1998, is a community nonprofit in the Science & Technology sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 31% operating deficit.

Mission

PARI IS A PUBLIC NOT-FOR-PROFIT ORGANIZATION DEDICATED TO PROVIDING HANDS- ON EDUCATIONAL AND RESEARCH OPPORTUNITIES FOR A BROAD CROSS-SECTION OF USERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) DISCIPLINES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $721,165

Program Service Revenue $316,025

Investment Income $6,045

Other Revenue $81,625

TOTAL REVENUE $1,124,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,279

Fundraising Expenses $7,378

Program Expenses $1,171,742

Other Expenses $945,211

TOTAL EXPENSES $1,468,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,124,860	$1,344,356	-0.2%
Expenses	$1,468,490	$1,668,411	-0.1%
Net Income	$-343,630	$-324,055	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J DONALD CLINE	CHAIRMAN & P	15.00	Officer Director	$0	$0	$0
KEN JACOBSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOHN AVANT	SECRETARY	2.00	Officer Director	$0	$0	$0
ZAC ENGLE	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL A MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE HOUSE	DIRECTOR	2.00	Director	$0	$0	$0
JERRY STONE	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$1,124,860	$1,468,490	$17,901,381	$-343,630
2022	$1,344,356	$1,668,411	$18,204,782	$-324,055
2021	$1,219,379	$1,689,479	$18,411,020	$-470,100
2020	$1,157,854	$1,620,321	$18,779,958	$-462,467
2019	$1,647,179	$1,848,922	$19,188,493	$-201,743
2018	$2,107,862	$2,068,751	$19,312,539	$39,111

PISGAH ASTRONOMICAL RESEARCH INSTITUTE