MULTIDISCIPLINARY ASSOCIATION FOR PSYCHEDELIC STUDIES INC (EIN 592751953) - 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

1986

Legal Domicile

Principal Officer

BETTY ALDWORTH

Phone

8314296362

Tax Period

2024-01-01 to 2024-12-31

MULTIDISCIPLINARY ASSOCIATION FOR PSYCHEDELIC STUDIES INC, founded in 1986, is a community nonprofit in the Medical Research sector that reported $7.5M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $15.3M exceeded revenue, resulting in a 105% operating deficit.

Mission

MENTAL HEALTH RESEARCH, TRAINING, AND PUBLIC EDUCATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,350,139

Program Service Revenue $920,238

Investment Income $107,945

Other Revenue $101,931

TOTAL REVENUE $7,480,253

Expense Breakdown

Grants Paid $1,997,465

Salaries & Benefits $6,852,075

Fundraising Expenses $999,282

Program Expenses $11,502,156

Other Expenses $6,458,086

TOTAL EXPENSES $15,307,626

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,480,253	$18,250,069	-0.6%
Expenses	$15,307,626	$14,100,084	+0.1%
Net Income	$-7,827,373	$4,149,985	-2.9%

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

175

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

$1,066,859

Total Directors

$453,957

Key Employees

$777,762

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD RICK DOBLIN	PRESIDENT	40.00	Officer Director	$173,008	$31,619	$204,627
DAVID BRONNER	DIRECTOR	2.00	Director	$0	$0	$0
VICKY DULAI	CHAIR & TREASURER	2.00	Officer Director	$44,645	$0	$44,645
JOHN GILMORE	VICE CHAIR & SECRETARY	2.00	Officer Director	$0	$0	$0
JOE GREEN	DIRECTOR	2.00	Director	$0	$0	$0
MIRIAM VOLAT	DIRECTOR	2.00	Director	$0	$0	$0
KRISTOPHER LOTLIKAR	EXECUTIVE DIRECTOR	40.00	Officer Director	$161,404	$43,281	$204,685
AMY EMERSON	DIRECTOR (TO 08/2024)	2.00	Director	$0	$0	$0
FEDERICO MENAPACE	DEPUTY DIRECTOR (TO 08/2024)	40.00	Officer	$230,660	$17,397	$248,057
ERIN TASMAN	VP OF FINANCE (TO 09/2024)	40.00	Officer	$327,742	$37,103	$364,845
RAYMOND ALLEN JR	GENERAL COUNSEL (TO 08/2024)	40.00	Key Emp	$316,548	$20,833	$337,381
JENNIFER ELLIS	VP OF PEOPLE OPERATIONS (TO 10/2024)	40.00	Key Emp	$220,365	$19,403	$239,768
BETTY ALDWORTH	DIRECTOR OF COMMUNICATIONS	40.00	Key Emp	$167,096	$33,517	$200,613
LINDSAY ROBINSON	DIRECTOR OF DEVELOPMENT	40.00	Highest	$161,387	$7,110	$168,497
BRIDGET MCKAY	DONOR EXPERIENCE OFFICER	40.00	Highest	$154,631	$21,607	$176,238
SHARI BOYER	VP MARKETING (TO 08/2024)	40.00	Highest	$156,979	$28,584	$185,563
ISMAIL ALI	DIRECTOR, POLICY & ADVOCACY	40.00	Highest	$154,265	$21,593	$175,858
KEVIN SPETT	DIRECTOR OF EVENTS	40.00	Highest	$143,309	$21,154	$164,463

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	$7,480,253	$15,307,626	$79,512,092	$-7,827,373
2023	$18,250,069	$14,100,084	$88,147,703	$4,149,985
2022	$16,331,336	$13,356,864	$129,587,906	$2,974,472
2021	$23,580,425	$10,268,861	$92,188,866	$13,311,564
2020	$27,706,998	$4,707,997	$79,569,443	$22,999,001
2020	$21,853,665	$6,047,077	$60,010,171	$15,806,588
2019	$14,405,388	$5,458,722	$43,807,327	$8,946,666
2018	$19,288,186	$3,875,150	$32,698,620	$15,413,036

MULTIDISCIPLINARY ASSOCIATION FOR PSYCHEDELIC STUDIES INC