Fermi Research Alliance LLC

EIN: 571239010 501(c)(3) Science & Technology

Batavia, IL

Total Revenue
$715,499,867
Total Expenses
$715,592,349
Total Assets
$18,880,484
Net Assets
$62,026
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IL
Phone
6308408976
Tax Period
2023-10-01 to 2024-09-30

Fermi Research Alliance LLC, founded in 2006, is a major nonprofit in the Science & Technology sector that reported $715.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The organization's primary exempt purpose is the management and operation of the Fermi National Accelerator Laboratory ("Fermilab") in Batavia, Illinois, an international scientific user facility owned by the U.S. Department of Energy at which the fundamental nature of matter and energy is studied.

Program Service Accomplishments

Program 1
Expenses: $708,323,297 Revenue: $1,728,955

THE U.S. DEPARTMENT OF ENERGY (DOE) AWARDED THE MANAGEMENT AND OPERATING CONTRACT FOR FERMI NATIONAL ACCELERATOR LABORATORY (FERMILAB) TO FRA, LLC, EFFECTIVE JANUARY 1, 2007-December 31,2025. FRA...

Read more

THE U.S. DEPARTMENT OF ENERGY (DOE) AWARDED THE MANAGEMENT AND OPERATING CONTRACT FOR FERMI NATIONAL ACCELERATOR LABORATORY (FERMILAB) TO FRA, LLC, EFFECTIVE JANUARY 1, 2007-December 31,2025. FRA BUILDS ON UNIVERSITIES RESEARCH ASSOCIATION'S 50-YEAR RECORD OF PERFORMANCE IN THE MANAGEMENT AND OPERATION OF FERMILAB; AND THE UNIVERSITY OF CHICAGO'S LEADERSHIP OF ARGONNE NATIONAL LABORATORY (ANL) SINCE ITS FOUNDING. THE FRA TEAM BRINGS RESOURCES, COLLABORATIONS, AND BEST PRACTICES TO ADDRESS THE LABORATORY'S CHALLENGES AND OPPORTUNITIES. FRA SUPPORTS THE LABORATORY'S LONG-TERM VISION AND TOTAL COMMITMENT TO DISCOVERY, THE DOE SCIENTIFIC MISSION, AND ENSURING OUR NATION'S CONTINUED PREEMINENCE IN PARTICLE PHYSICS. Presently, Fermilab's primary ten-year goal is to establish a world-leading neutrino science program led by the Long-Baseline Neutrino Facility and Deep Underground Neutrino Experiment (LBNF/DUNE). LBNF/DUNE advances the Particle Physics Project Prioritization Panel (P5) plan by establishing the first phase of this facility with a new beamline and a far detector sited deep underground in South Dakota in the 2020s. As Fermilab steps into this new role as host lab for LBNF/DUNE, the organizational structure is adjusting to support the scientists, students, technicians and engineers who are and will be working at the Sanford Underground Research Facility (SURF) in South Dakota. The laboratory has established a new Fermilab division, the South Dakota Operations Division, which is based full-time at SURF to provide the same range of operational and support services that exist at Fermilab's main campus in Batavia, IL. In addition, Fermilab's major initiatives include leading one of the five DOE National Quantum Information Science (QIS) Research Centers. The Superconducting Quantum Materials and Systems Center (SQMS) has the concrete and ambitious goal to develop, build, and deploy the first quantum computer at Fermilab. The SQMS Center and other Fermilab efforts are producing high-impact results in quantum computing, networking, and sensing and growing collaborations with universities, laboratories, and industry leaders in QIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $713,767,906
Program Service Revenue $0
Investment Income $3,006
Other Revenue $1,728,955
TOTAL REVENUE $715,499,867

Expense Breakdown

Grants Paid $277,569
Salaries & Benefits $266,863,912
Fundraising Expenses $0
Program Expenses $708,323,297
Other Expenses $448,450,868
TOTAL EXPENSES $715,592,349

Year-over-Year Comparison

2023 2022 Change
Revenue $715,499,867 $658,749,338 +0.1%
Expenses $715,592,349 $658,194,829 +0.1%
Net Income $-92,482 $554,509 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
11
Employees
2264
Volunteers
37

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
3
$1,362,134
Total Directors
16
$3,414,637
Key Employees
9
$3,426,424
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrea Meloni Director 2.0
Director
$0 $0 $0
David Mark Director 2.0
Director
$0 $0 $0
Hardik Bhatt Director 2.0
Director
$0 $0 $0
Henry Bartoli Director 2.0
Director
$0 $0 $0
Jack Anderson Director 2.0
Director
$0 $0 $0
Jimmy Samartzis Director 2.0
Director
$0 $0 $0
John Mester URA President 2.0
Director
$0 $72,624 $565,851
John Womersley Director Through 01/05/2024 2.0
Director
$0 $0 $0
Joseph Incandela Director 2.0
Director
$0 $0 $0
Juan de Pablo Director Through 9/16/2024 2.0
Director
$0 $65,839 $949,250
Maxine Savitz Director 2.0
Director
$0 $0 $0
Paul Alivisatos Chairman 2.0
Director
$0 $48,681 $1,899,536
Randy Hultgren Director 2.0
Director
$0 $0 $0
Rolf Heuer Director 2.0
Director
$0 $0 $0
Satyan Pitroda Director 2.0
Director
$0 $0 $0
William H Joyce Vice Chairman 1.0
Director
$0 $0 $0
Beth Fancsali Interim General Counsel and FRA Secretary 40.0
Officer
$253,090 $37,609 $290,699
FABI Delgado FINANCIAL OFFICER 2.0
Officer
$0 $39,815 $351,786
Nikolitsa Lia Merminga President 40.0
Officer
$698,657 $20,992 $719,649
Alexander Valishev Associate Lab Director 40.0
Key Emp
$249,531 $62,599 $312,130
Bonnie Fleming Deputy Director/Chief Research Officer 40.0
Key Emp
$496,917 $68,335 $565,252
Christopher Mossey Deputy Lab Director for LBNF/DUNE-US THROUGH 04/18/2024 40.0
Key Emp
$375,313 $33,000 $408,313
Jon Bakken Division Head 40.0
Key Emp
$242,002 $51,963 $293,965
Kevin Burkett Head of Particle Physics Division 40.0
Key Emp
$246,186 $50,427 $296,613
Mark Jeffers FESS Section Head 40.0
Key Emp
$237,608 $59,987 $297,595
Scott Tingey Deputy Lab Director and COO through 12/30/2023 40.0
Key Emp
$494,794 $33,000 $527,794
Susan Simpkins Chief Financial Officer Deputy through 3/16/2024 40.0
Key Emp
$259,901 $67,395 $327,296
Teresa Ann Nightengale Fermilab CFO through 3/2/2024 40.0
Key Emp
$359,484 $37,982 $397,466
JOSEPH LYKKEN Hd of Fermi Quantum Institute 40.0
Highest
$326,271 $57,496 $383,767
Martha Michels Dir of Cont Assur & Perf Mgmt 40.0
Highest
$326,736 $44,773 $371,509
Richard Goffi Director of Strategic Planning 40.0
Highest
$364,781 $70,524 $435,305
Richard P Stanek SQMS Deputy Proj Director through 6/1/2024 40.0
Highest
$306,784 $58,563 $365,347
Stephen Gourlay Division Head 40.0
Highest
$290,506 $26,445 $316,951
Alexander Romanenko FORMER Chief Technology Officer 40.0
$240,761 $60,261 $301,022
Elizabeth Sexton-Kennedy FORMER Chief Information Officer 40.0
$237,702 $36,026 $273,728
Gregory Bock FORMER Deputy Chief of Research 40.0
$211,599 $47,387 $258,986
John Myer Former General Counsel and Secretary through 4/29/2023 40.0
$174,037 $45,778 $219,815
Luciano Ristori Former Chief Research Officer 40.0
$179,590 $43,079 $222,669
Marc Kaducak FORMER ACTING PROJECT DIR FOR PIP-II N/A
$105,799 $22,519 $128,318
Mary Jo E Lyke FORMER FRA Senior Budget Manager 40.0
$184,302 $41,433 $225,735
NIGEL LOCKYER FORMER PRESIDENT through 4/18/2023 0.0
$216,962 $18,563 $235,525
Patricia McBride Former Particle Physics Division Head 40.0
$262,626 $9,456 $272,082
Ronald Ray Former Mu2e Project Manager 40.0
$230,321 $45,688 $276,009
Sergey Belomestnykh Former Chief Technology Officer 40.0
$263,379 $52,903 $316,282
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
2024 $715,499,867 $715,592,349 $18,880,484 $-92,482
2023 $658,749,338 $658,194,829 $14,532,147 $554,509
2022 $593,848,536 $591,229,941 $13,250,391 $2,618,595
2021 $577,062,640 $574,388,053 $13,763,706 $2,674,587
2020 $512,797,198 $510,031,928 $10,785,834 $2,765,270
2019 $478,201,204 $475,835,159 $8,704,566 $2,366,045
2018 $416,675,962 $414,367,753 $7,697,336 $2,308,209
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Fermi Research Alliance LLC with other nonprofits in Illinois and across the country.