Howard Hughes Medical Institute (EIN 590735717) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Phone

3012158500

Tax Period

2024-09-01 to 2025-08-31

Howard Hughes Medical Institute, founded in 1953, is a large national nonprofit in the Medical Research sector that reported $2.0B in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $826.6M, a strong 41% operating margin.

Mission

THE HOWARD HUGHES MEDICAL INSTITUTE IS A BIOMEDICAL RESEARCH ORGANIZATION DEDICATED TO CONDUCTING FUNDAMENTAL RESEARCH IN THE LIFE SCIENCES, SUPPORTING SCIENCE EDUCATION THROUGHOUT THE UNITED STATES, AND ADVANCING THE PUBLIC UNDERSTANDING OF SCIENCE.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,783,098

Program Service Revenue $4,608,732

Investment Income $1,966,414,132

Other Revenue $31,978,095

TOTAL REVENUE $2,004,784,057

Expense Breakdown

Grants Paid $63,319,232

Salaries & Benefits $490,580,362

Fundraising Expenses $0

Program Expenses $944,508,067

Other Expenses $624,302,950

TOTAL EXPENSES $1,178,202,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,004,784,057	$1,760,221,928	+0.1%
Expenses	$1,178,202,544	$1,152,447,870	+0.0%
Net Income	$826,581,513	$607,774,058	+0.4%

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

Governance

Voting Members

Independent Members

Employees

2627

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

$9,681,295

Total Directors

$785,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISON F RICHARD PHD	TRUSTEE	3.0	Director	$70,000	$0	$70,000
CHARLENE BARSHEFSKY ESQ	TRUSTEE, CHAIR NOM & GOV COMM	4.0	Director	$87,500	$0	$87,500
CLAYTON S ROSE PHD	TRUSTEE, CHAIR	6.0	Director	$100,000	$0	$100,000
DAVID JULIUS PHD	TRUSTEE, CHAIR RESEARCH COMM	3.0	Director	$60,000	$0	$60,000
DEBORA L SPAR PHD	TRUSTEE, CHAIR AUDIT & COMP	4.0	Director	$70,000	$0	$70,000
EDITH HEARD PHD	TRUSTEE (AS OF 02/25)/ADVISORY BOARD MEMBER (2024)	2.0	Director	$12,500	$0	$12,500
FRED R LUMMIS	TRUSTEE, CHAIR FINANCE COMM	4.0	Director	$70,000	$0	$70,000
JAY JACOBS	TRUSTEE (AS OF 11/24)	2.0	Director	$15,000	$0	$15,000
JOSEPH L GOLDSTEIN MD	TRUSTEE	3.0	Director	$70,000	$0	$70,000
KURT L SCHMOKE ESQ	TRUSTEE (THRU 10/24)	2.0	Director	$50,000	$0	$50,000
MARGARET D TUTWILER	TRUSTEE	2.0	Director	$60,000	$0	$60,000
PAUL M NURSE PHD	TRUSTEE	2.0	Director	$60,000	$0	$60,000
RISA LAVIZZO-MOUREY MD MBA	TRUSTEE, CHAIR EDUCATION COMM	3.0	Director	$60,000	$0	$60,000
BLANTON TOLBERT PHD	VP SCIENCE LEADERSHIP AND CULTURE (THRU 05/25)/LAB HEAD	40.0	Officer	$778,489	$54,879	$833,368
BODO STERN PHD	CHIEF OF STRATEGIC INITIATIVES	40.0	Officer	$446,695	$54,115	$500,810
DONALD KOCH	VP & CHIEF INVESTMENT OFFICER	40.0	Officer	$1,928,020	$76,946	$2,004,966
ERIN K O'SHEA PHD	PRESIDENT	40.0	Officer	$1,652,120	$69,264	$1,721,384
HEIDI E HENNING ESQ	VP & GENERAL COUNSEL & SECRETARY	40.0	Officer	$831,890	$55,620	$887,510
JEREMY COMPTON	CONTROLLER	40.0	Officer	$265,218	$40,264	$305,482
KRISTIAN GREENE	DIRECTOR, TREASURY OPERATIONS & ASSISTANT TREASURER	40.0	Officer	$176,055	$55,676	$231,731
KRISTINA HEIBERGER ESQ	DEPUTY GENERAL COUNSEL & ASSISTANT SECRETARY	40.0	Officer	$425,011	$82,272	$507,283
LESLIE B VOSSHALL PHD	VP & CHIEF SCIENTIFIC OFFICER	40.0	Officer	$772,292	$78,035	$850,327
LYNNE LOCHTE	CHIEF FINANCIAL OFFICER & TREASURER	40.0	Officer	$481,161	$53,729	$534,890
NELSON SPRUSTON PHD	VP & EXEC DIR, JANELIA RESEARCH CAMPUS	40.0	Officer	$643,812	$71,571	$715,383
SETH GROSSMAN ESQ	VP, CHIEF OPERATING OFFICER & SENIOR ADVISOR TO THE PRESIDENT	40.0	Officer	$541,218	$46,943	$588,161
GLEN ZWICKER	MANAGING DIRECTOR & HEAD OF INVESTMENT OPERATIONS	40.0	Highest	$1,043,689	$74,835	$1,118,524
KAREN EIFLER	MANAGING DIRECTOR, PUBLIC MARKETS	40.0	Highest	$1,160,055	$36,152	$1,196,207
MARK SPROLES	MANAGING DIRECTOR, PRIVATE MARKETS	40.0	Highest	$1,207,419	$36,651	$1,244,070
RICHARD AXEL MD	INVESTIGATOR	40.0	Highest	$806,661	$48,264	$854,925
RONALD VALE PHD	SENIOR GROUP LEADER/FORMER VP & EXEC. DIR., JRC	40.0	Highest	$769,522	$56,548	$826,070
DAVID E CLAPHAM PHD	SENIOR GROUP LEADER/FORMER VP & CHIEF SCIENTIFIC OFFICER	40.0		$590,291	$73,447	$663,738
GERALD M RUBIN PHD	SENIOR GROUP LEADER/FORMER VP & EXEC. DIR., JRC	40.0		$599,415	$62,422	$661,837
NATASHA NEISES	SENIOR DIRECTOR, FINANCIAL PLANNING & ANALYSIS	40.0		$294,592	$45,058	$339,650
SEAN B CARROLL PHD	INVESTIGATOR/FORMER VP SCI. & ED. MEDIA GROUP	40.0		$593,698	$61,567	$655,265

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	$2,004,784,057	$1,178,202,544	$29,497,763,012	$826,581,513
2024	$1,760,221,928	$1,152,447,870	$27,296,895,597	$607,774,058
2023	$749,022,788	$1,147,090,579	$25,892,499,538	$-398,067,791
2022	$2,117,477,557	$986,289,955	$25,877,392,654	$1,131,187,602
2021	$2,096,794,078	$954,764,083	$29,343,107,763	$1,142,029,995
2020	$1,467,289,681	$947,377,660	$23,840,455,852	$519,912,021
2019	$1,411,381,183	$1,081,673,510	$22,544,411,510	$329,707,673
2018	$1,527,324,317	$925,718,713	$23,816,259,445	$601,605,604

Howard Hughes Medical Institute