BANYAN RESEARCH & INNOVATION CENTER INC

EIN: 591415981 501(c)(3) Mental Health

MIAMI, FL

Total Revenue
$39,294
Total Expenses
$210,248
Total Assets
$102,663
Net Assets
$-171,878
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
FL
Principal Officer
H BRUCE HAYDEN
Phone
3053986100
Tax Period
2021-07-01 to 2022-06-30

BANYAN RESEARCH & INNOVATION CENTER INC, founded in 1970, is a micro nonprofit in the Mental Health sector that reported $39K in total revenue in fiscal year 2021. Revenue decreased 16% compared to the prior year. Expenses of $210K exceeded revenue, resulting in a 435% operating deficit.

Mission

BANYAN RESEARCH AND INNOVATION CENTER, INC. (F/K/A SPECTRUM PROGRAMS) SHALL PROVIDE COMPREHENSIVE BEHAVIORAL HEALTH RESEARCH.

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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 (2021)

Revenue Breakdown

Contributions & Grants $37,029
Program Service Revenue $0
Investment Income $2,265
Other Revenue $0
TOTAL REVENUE $39,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,170
Fundraising Expenses $0
Program Expenses $180,170
Other Expenses $30,078
TOTAL EXPENSES $210,248

Year-over-Year Comparison

2021 2020 Change
Revenue $39,294 $46,739 -0.2%
Expenses $210,248 $518,931 -0.6%
Net Income $-170,954 $-472,192 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
7
Volunteers
5

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
6
$1,156,552
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vincent Carrodeguas Banyan Community Hlth Ctr CEO 1.0
Officer
$0 $2,711 $381,806
ILEANA R GARCIA MSHSA EVP Grant Program Development 1.0
Officer
$0 $10,470 $366,584
MARK GUTHRIE CHIEF FINANCIAL OFFICER 1.0
Officer
$0 $3,571 $277,156
H BRUCE HAYDEN FOUNDATION CEO (THRU 4/30/22) 36.0
Officer
$125,028 $5,978 $131,006
JORGE A FERNANDEZ CHAIRMAN (thru 06/2022) 0.5
Officer Director
$0 $0 $0
LOURDES REYES ABADIN TREASURER (thru 06/2022) 0.5
Officer Director
$0 $0 $0
Stan Beiley BOARD MEMBER (thru 06/2022) 1.0
Director
$0 $0 $0
Mathew Gissen BOARD MEMBER (thru 06/2022) 1.0
Director
$0 $0 $0
Carolyn Guerra BOARD MEMBER (thru 06/2022) 0.5
Director
$0 $0 $0
Robert Josephsberg BOARD MEMBER (thru 06/2022) 1.0
Director
$0 $0 $0
Richard Rubinson BOARD MEMBER (thru 06/2022) 1.0
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
2022 $39,294 $210,248 $102,663 $-170,954
2021 $46,739 $518,931 $179,261 $-472,192
2020 $96,038 $477,401 $102,733 $-381,363
2019 $91,800 $126,512 $523,309 $-34,712
2018 $237,401 $168,555 $557,171 $68,846
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