RESEARCH INC (EIN 621438533) - 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

1990

Legal Domicile

Principal Officer

SUE A THEUS PHD

Phone

9015777275

Tax Period

2023-10-01 to 2024-09-30

RESEARCH INC, founded in 1990, is a small nonprofit in the Medical Research sector that reported $557K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $766K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROMOTE RESEARCH AND EDUCATIONAL PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $508,248

Investment Income $49,098

Other Revenue $0

TOTAL REVENUE $557,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,676

Fundraising Expenses $0

Program Expenses $537,125

Other Expenses $327,305

TOTAL EXPENSES $765,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$557,346	$1,165,398	-0.5%
Expenses	$765,981	$1,403,476	-0.5%
Net Income	$-208,635	$-238,078	-0.1%

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

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

$132,766

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY F PALMERTREE	FORMER EXEC.	40.00	Officer	$132,766	$0	$132,766
JOSEPH P VAUGHN MBA	DIRECTOR	1.00	Director	$0	$0	$0
G NICHOLAS VERNE MD	DIRECTOR	1.00	Director	$0	$0	$0
GINA M RAYMOND MD	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS C FERGUSON MD	DIRECTOR	1.00	Director	$0	$0	$0
E HAAVI MORREIM JD PHD	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ROSLONIEC PHD	DIRECTOR	1.00	Director	$0	$0	$0
KHATIDJA ALI PHD	DIRECTOR	1.00	Director	$0	$0	$0
LINDA O NICHOLS PHD	SECRETARY	1.00	Officer Director	$0	$0	$0
SUE A THEUS PHD	PRESIDENT	1.00	Officer 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
2024	$557,346	$765,981	$2,045,925	$-208,635
2023	$1,165,398	$1,403,476	$2,103,885	$-238,078
2019	$1,880,934	$1,176,254	$2,983,063	$704,680
2018	$883,674	$1,056,457	$2,319,132	$-172,783

RESEARCH INC