OFM Research

EIN: 571222227 501(c)(3) Science & Technology

Redmond, WA

Total Revenue
$248,616
Total Expenses
$310,154
Total Assets
$16,905
Net Assets
$16,905
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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
2005
Legal Domicile
WA
Principal Officer
Richard Sack
Phone
4258804418
Tax Period
2019-01-01 to 2019-12-31

OFM Research, founded in 2005, is a small nonprofit in the Science & Technology sector that reported $249K in total revenue in fiscal year 2019. Expenses of $310K exceeded revenue, resulting in a 25% operating deficit.

Mission

To conduct public interest scientific research and distribute research findings to the scientific community and the public.

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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 (2019)

Revenue Breakdown

Contributions & Grants $248,616
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $248,616

Expense Breakdown

Grants Paid $73,733
Salaries & Benefits $182,877
Fundraising Expenses $0
Program Expenses $310,154
Other Expenses $53,544
TOTAL EXPENSES $310,154

Year-over-Year Comparison

2019 2018 Change
Revenue $248,616 $244,484 +0.0%
Expenses $310,154 $357,427 -0.1%
Net Income $-61,538 $-112,943 -0.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
N/A

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
2
$155,285
Total Directors
3
$0
Key Employees
1
$155,285
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa S Hardy Director 0
Director
$0 $0 $0
Peter C Lichtner Director 0
Director
$0 $0 $0
Denton S Ebel Director 0
Director
$0 $0 $0
Mark S Ghiorso Vice President 40
Officer Key Emp Highest
$155,285 $0 $155,285
Richard O Sack President 1
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
2019 $248,616 $310,154 $16,905 $-61,538
2018 $244,484 $357,427 $78,443 $-112,943
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