FOUNDATION FOR APPLIED MOLECULAR EVOLUTION INC (EIN 593471957) - 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

1997

Legal Domicile

Principal Officer

STEVEN BENNER

Phone

3864188085

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR APPLIED MOLECULAR EVOLUTION INC, founded in 1997, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $922K, a strong 19% operating margin.

Mission

THE FOUNDATION PROVIDES AN INNOVATIVE ENVIRONMENT TO HOST THE SCIENTIFIC AND TECHNOLOGICAL RESEARCH OF A SMALL GROUP OF SELECTED MOLECULAR AND LIFE SCIENTISTS TO MEET OPPORTUNITIES IN COMMERCE AND MEDICINE.

🔒

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 $3,823,695

Program Service Revenue $360,144

Investment Income $568,495

Other Revenue $3,198

TOTAL REVENUE $4,755,532

Expense Breakdown

Grants Paid $180,954

Salaries & Benefits $2,277,948

Fundraising Expenses $0

Program Expenses $2,892,353

Other Expenses $1,374,859

TOTAL EXPENSES $3,833,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,755,532	$3,775,413	+0.3%
Expenses	$3,833,761	$3,802,734	+0.0%
Net Income	$921,771	$-27,321	-34.7%

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

Volunteers

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

$180,720

Total Directors

$220,095

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN BENNER	BOARD CHAIR & CEO	30.00	Officer Director	$157,050	$720	$180,720
NIGEL RICHARDS	DIRECTOR	1.00	Director	$37,375	$0	$37,375
ANDREW ELLINGTON	DIRECTOR	1.00	Director	$1,000	$0	$1,000
ERIC GAUCHER	DIRECTOR	1.00	Director	$1,000	$0	$1,000
ELISA BLONDI	PRINCIPAL INVESTIGATOR	40.00	Highest	$109,050	$8,802	$117,852

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	$4,755,532	$3,833,761	$2,672,498	$921,771
2023	$3,775,413	$3,802,734	$2,393,386	$-27,321
2022	$3,458,871	$3,156,139	$3,051,095	$302,732
2021	$3,068,203	$2,493,112	$2,195,663	$575,091
2020	$3,783,741	$2,534,877	$2,012,030	$1,248,864
2019	$2,586,017	$2,589,383	$543,178	$-3,366
2018	$4,326,750	$3,977,895	$506,371	$348,855

FOUNDATION FOR APPLIED MOLECULAR EVOLUTION INC