HEALTHCARE REGULATORY RESEARCH INSTITUTE

EIN: 611848085 501(c)(3) Medical Research

ALEXANDRIA, VA

Total Revenue
$12,909,728
Total Expenses
$249,725
Total Assets
$27,177,202
Net Assets
$27,165,433
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DE
Principal Officer
LINDA MICHELSEN
Phone
7032993100
Tax Period
2023-01-01 to 2023-12-31

HEALTHCARE REGULATORY RESEARCH INSTITUTE, founded in 2017, is a micro nonprofit in the Medical Research sector that reported $28K in total revenue in fiscal year 2018. Revenue fell 97% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 85% operating margin.

Mission

THE HEALTHCARE REGULATORY RESEARCH INSTITUTE'S MISSION IS TO PROTECT THE PUBLIC (SEE SCH O) THROUGH REGULATORY RESEARCH AND COLLABORATIVE EXCHANGE WITH STRATEGIC PARTNERS TO PROMOTE EVIDENCE-BASED HEALTHCARE REGULATION. HRRI'S VISION IS A WORLD IN WHICH REGULATION ENSURE PEOPLE CAN TRUST THE HEALTHCARE THAT IS PROVIDED.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $409,728
Other Revenue $12,500,000
TOTAL REVENUE $12,909,728

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $249,725
TOTAL EXPENSES $249,725

Year-over-Year Comparison

2023 2022 Change
Revenue $12,909,728 $184,053 +69.1%
Expenses $249,725 $115,330 +1.2%
Net Income $12,660,003 $68,723 +183.2%
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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Governance

Voting Members
8
Independent Members
8
Employees
N/A
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
6
$1,794,365
Total Directors
10
$72,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID RELLING PRESIDENT 0.25
Officer Director
$0 $0 $16,000
MICHELE THORMAN VICE PRESIDENT 0.25
Officer Director
$0 $0 $8,000
RUGGIERO CANIZARES TREASURER 0.25
Officer Director
$0 $0 $8,000
CINDY POTTER SECRETARY 0.25
Officer Director
$0 $0 $8,000
ELLEN KROOG DONALD DIRECTOR 0.25
Director
$0 $0 $8,000
JONI KALIS DIRECTOR 0.25
Director
$0 $0 $6,667
ADRIENNE PRICE DIRECTOR 0.25
Director
$0 $0 $6,667
CHARLES REITER PUBLIC MEMBER 0.25
Director
$0 $0 $8,000
STEVEN SCHERGER DIRECTOR 0.25
Director
$0 $0 $1,333
MICHELLE SIGMUND-GAINES DIRECTOR 0.25
Director
$0 $0 $1,333
WILLIAM HATHERHILL CEO 1.00
Officer
$0 $249,211 $1,322,837
LINDA MICHELSEN CFO 1.00
Officer
$0 $114,648 $431,528
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 No data No data No data No data
2023 $12,909,728 $249,725 $27,177,202 $12,660,003
2022 $184,053 $115,330 $12,776,608 $68,723
2021 $6,137,611 $49,361 $14,409,589 $6,088,250
2020 $3,753,507 $48,637 $7,569,783 $3,704,870
2019 $2,515,268 $64,330 $3,538,873 $2,450,938
2018 $27,987 $4,156 $945,266 $23,831
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