Clinical Research Foundation (EIN 611144514) - 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

1988

Legal Domicile

Phone

5022876260

Tax Period

2024-01-01 to 2024-12-31

Clinical Research Foundation, founded in 1988, is a small nonprofit in the Medical Research sector that reported $375K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $87K, a strong 23% operating margin.

Mission

Clinical Research Foundation, Inc. CRF promotes quality scientific research to improve the medical treatment, general health, and quality of life for our nation's veterans by providing a flexible funding mechanism to Robley Rex VA Medical Center researchers for non-VA funded studies or trials

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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 $111,123

Program Service Revenue $253,972

Investment Income $9,947

Other Revenue $0

TOTAL REVENUE $375,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,124

Fundraising Expenses $0

Program Expenses $167,090

Other Expenses $203,706

TOTAL EXPENSES $287,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$375,042	$330,716	+0.1%
Expenses	$287,830	$309,470	-0.1%
Net Income	$87,212	$21,246	+3.1%

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

N/A

Employees

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

Total Directors

$60,391

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Book PhD	Executive Dir.	24.00	Director	$60,391	$0	$60,391
Greg Bethards	Director	1.00	Director	$0	$0	$0
Belinda Setters MD	Director	1.00	Director	$0	$0	$0
Paul Sklena MD	Director	1.00	Director	$0	$0	$0
Jo-Ann Ginsburg	Director	1.00	Director	$0	$0	$0
Gerald Dryden MD PhD	Chairman	1.00	Director	$0	$0	$0
Bill Seiller	Director	1.00	Director	$0	$0	$0
Sathya Krishnasamy MD	Director	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	$375,042	$287,830	$395,422	$87,212
2023	$330,716	$309,470	$256,437	$21,246
2023	$330,716	$309,470	$256,437	$21,246
2022	$388,144	$394,996	$232,461	$-6,852
2022	$388,144	$394,996	$232,461	$-6,852
2021	$376,626	$348,355	$267,189	$28,271
2021	$628,030	$599,758	$267,190	$28,272
2020	$449,134	$523,458	$244,533	$-74,324
2018	$264,093	$445,097	$482,383	$-181,004

Clinical Research Foundation