HEALTH RESEARCH ALLIANCE INC

EIN: 680617198 501(c)(3) Medical Research

RALEIGH, NC

Total Revenue
$631,418
Total Expenses
$692,487
Total Assets
$827,943
Net Assets
$716,092
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NC
Principal Officer
CHRISTINE RIORDAN
Phone
5129343164
Tax Period
2024-01-01 to 2024-12-31

HEALTH RESEARCH ALLIANCE INC, founded in 2005, is a small nonprofit in the Medical Research sector that reported $631K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE HEALTH RESEARCH ALLIANCE (HRA), A COLLABORATIVE MEMBER ORGANIZATION OF NONPROFIT RESEARCH FUNDERS, IS COMMITTED TO MAXIMIZING THE IMPACT OF BIOMEDICAL RESEARCH TO IMPROVE HUMAN HEALTH. TO ACHIEVE ITS MISSION, HRA: - FOSTERS OPEN COMMUNICATION AND COLLABORATION AMONG AND BETWEEN FUNDERS AND THE BROADER RESEARCH COMMUNITY- COLLECTS AND SHARES COMPREHENSIVE DATA AND ANALYSIS ABOUT NONPROFIT FUNDING FOR BIOMEDICAL RESEARCH AND TRAINING - PROVIDES LEADERSHIP, KNOWLEDGE, TOOLS, AND OPPORTUNITIES TO PROMOTE INNOVATIVE AND EFFECTIVE GRANTMAKING- ADDRESSES ISSUES THAT ARE KEY TO ACCELERATING RESEARCH DISCOVERY AND ITS TRANSLATIONCORE VALUES:- IMPACT: WE ENABLE EACH ORGANIZATION AND THE RESEARCH COMMUNITY COLLECTIVELY TO ENHANCE THE EFFECTIVENESS OF BIOMEDICAL RESEARCH. - COLLABORATE: WE OPENLY SHARE INFORMATION, EXPERIENCE AND KNOWLEDGE, AND WORK TOGETHER TO ACHIEVE OUR SHARED GOALS.- INNOVATE: WE FOSTER NOVEL APPROACHES TO ADDRESS CHALLENGES IN BIOMEDICAL RESEARCH

Program Service Accomplishments

Program 1
Expenses: $83,987

CONVENE MEMBERSHIP TO FOSTER COMMUNICATION AND COLLABORATION.HRA IS AN INCLUSIVE AND DIVERSE COMMUNITY THAT PROVIDES A FORUM FOR SHARING EFFECTIVE PRACTICES AND TOOLS, ALONG WITH A SAFE SPACE FOR...

Read more

CONVENE MEMBERSHIP TO FOSTER COMMUNICATION AND COLLABORATION.HRA IS AN INCLUSIVE AND DIVERSE COMMUNITY THAT PROVIDES A FORUM FOR SHARING EFFECTIVE PRACTICES AND TOOLS, ALONG WITH A SAFE SPACE FOR LEARNING FROM FAILURES. LEARNING FROM EACH OTHER ULTIMATELY HELPS MEMBERS IMPROVE THEIR ORGANIZATIONS AND BUILD THEIR CAPACITY. HRA CONVENES BOTH IN-PERSON (HYBRID) AND VIRTUAL MEMBERS MEETINGS. INCLUDING REMOTE ATTENDEES IN OUR IN-PERSON (HYBRID) MEETINGS, AND HOSTING COMPLETELY VIRTUAL MEETINGS, ENABLES PARTICIPATION BY MEMBERS WHO WOULDN'T NORMALLY HAVE THE OPPORTUNITY TO ATTEND IN-PERSON, RESULTING IN AN INCREASE FROM ABOUT 100 ATTENDEES AT IN-PERSON MEETINGS TO ZOOM MEETINGS WITH 200 MEMBERS ATTENDING SOME OF THE SESSIONS. WE HOST A MEMBERS MEETING TWICE A YEAR, AND THE AGENDAS ARE CREATED BY A PROGRAM COMMITTEE, MADE UP OF HRA MEMBERS AND SUPPORTED BY HRA STAFF. THE PROGRAM COMMITTEE DEVELOPS SESSIONS FOR MEMBERS MEETINGS THAT FOSTER COLLABORATION AND ADDRESS IMPORTANT AND CHALLENGING ISSUES FOR PHILANTHROPY AND THE BIOMEDICAL RESEARCH SECTOR. THESE SESSIONS OFTEN ALIGN WITH OUR "LEARNING COMMUNITIES," TO BRING IN EXTERNAL EXPERTS AND HIGHLIGHT DISCUSSIONS AROUND DEI, SUSTAINABILITY OF THE RESEARCH WORKFORCE, OPEN SCIENCE, AI/LLM, HOSTING PATIENT REGISTRIES, AND OTHER TOPICS HRA MEMBERS DISCUSS YEAR-ROUND. THE PROGRAM COMMITTEE ALSO DEVELOPS MEETING SESSIONS AROUND BROADER TOPICS LIKE STRATEGIC PLANNING, EFFECTIVE COLLABORATION STRATEGIES, OR PATIENT ENGAGEMENT, WHICH ARE JUST AS URGENT FOR FUNDERS TO TACKLE, AND THOSE SESSIONS GARNER A MUCH MORE DIVERSE AUDIENCE THAN THE SPECIFIC TOPICS ADDRESSED BY THE LEARNING COMMUNITIES. IN ADDITION TO OUR MEMBERS MEETINGS, WE ALSO PERIODICALLY HOST REGIONAL MEETINGS LED BY HRA MEMBER ORGANIZATIONS AND SUPPORTED BY HRA STAFF. WE CONTINUE TO HOST VIRTUAL CEO ROUNDTABLES SEVERAL TIMES A YEAR WHICH LEAD TO OTHER ACTIVITIES SUCH AS HOSTING TARGETED WEBINARS AND CREATING RESOURCES THAT OFTEN DEAL WITH HUMAN RESOURCE ISSUES WHERE CEOS FIND LEARNING FROM THEIR PEERS INVALUABLE. UPON RECOMMENDATION FROM THE CEOS, WE NOW HAVE A PROFESSIONAL DEVELOPMENT PROGRAM FOR STAFF AT HRA MEMBER ORGANIZATIONS, WHICH HOSTS WEBINARS INTENDED TO INCREASE STAFF CAPACITY IN AREAS SUCH AS COMMUNICATION, LEADERSHIP, AND NETWORKING.

Program 2
Expenses: $138,763

SUPPORT INFRASTRUCTURE AND PRACTICES TO SHARE RESEARCH, DATA, AND ANALYSIS. HRA'S CURRENT STRATEGIC PLAN SETS OUT 4 GOALS AND STRATEGIES RECOMMENDED TO ACHIEVE THOSE GOALS STRATEGIES WE CONTINUE TO...

Read more

SUPPORT INFRASTRUCTURE AND PRACTICES TO SHARE RESEARCH, DATA, AND ANALYSIS. HRA'S CURRENT STRATEGIC PLAN SETS OUT 4 GOALS AND STRATEGIES RECOMMENDED TO ACHIEVE THOSE GOALS STRATEGIES WE CONTINUE TO IMPLEMENT AND USE TO EVALUATE PROGRESS TOWARD THE PLAN. MANY OF THE STRATEGIES RECOMMENDED INVOLVE SUPPORTING HRA'S INFRASTRUCTURE AND PRACTICES TO SHARE RESEARCH, DATA, AND ANALYSIS. FOR EXAMPLE, HRA ANALYZER IS HRA'S PROPRIETARY DATABASE THAT PROVIDES DATA-DRIVEN ANALYSIS ENABLING MEMBERS TO BETTER UNDERSTAND THE IMPACT OF THEIR GRANTMAKING PRACTICES, AS WELL AS PERFORM LANDSCAPE ANALYSES TO UNDERSTAND THE BROADER BIOMEDICAL RESEARCH FUNDING LANDSCAPE. HRA HOSTS FREQUENT "LUNCH AND LEARN" SESSIONS TO HELP HRA MEMBERS UNDERSTAND THE VALUE OF HRA ANALYZER. THESE PERIODIC WEBINARS INCLUDE LEARNING HOW TO UPLOAD DATA; USING THE DATABASE FOR GAP ANALYSES TO BETTER TARGET LIMITED FUNDS; EVALUATING PROGRESS AND DEVELOPING NEW PROGRAMS TO ADVANCE A MORE EQUITABLE BIOMEDICAL RESEARCH WORKFORCE; IDENTIFYING COLLABORATING ORGANIZATIONS OR REVIEWERS; AND MANY OTHER USE CASES. WE WORK WITH GRANTS MANAGEMENT SYSTEMS SUCH AS PROPOSALCENTRAL AND SMARTSIMPLE TO FACILITATE EASIER DATA UPLOADS INTO HRA ANALYZER. WE ALSO EMPLOY A CONTRACTOR TO HELP ORGANIZATIONS UPLOAD DATA AND USE THE ANALYTICAL FUNCTIONALITY IN HRA ANALYZER FOR THEIR OWN USES. HRA OFTEN USES THE ANALYTICAL TOOLS IN HRA ANALYZER DATA ON BEHALF OF MEMBERS TO HELP THEM FIND COLLABORATING ORGANIZATIONS OR IDENTIFY AREAS OF UNDERFUNDING TO EXPLORE. IN ANOTHER EXAMPLE OF HRA'S POWERFUL INFRASTRUCTURE, HRA OPEN IS A PLATFORM DEVELOPED BY HRA TO ENABLE PUBLICATIONS AND OTHER RESEARCH OUTPUTS TO BE MADE OPEN AND FREELY ACCESSIBLE - NOT ONLY TO THE SCIENTIFIC COMMUNITY BUT TO ANYONE. HRA OPEN FOSTERS OPEN SCHOLARSHIP ACROSS HRA MEMBER ORGANIZATIONS AND THEIR RESEARCHERS, WHICH CONTINUES TO BE AN IMPORTANT STRATEGY TO IMPACT INVESTMENT IN BIOMEDICAL RESEARCH. IN ADDITION TO ENABLING MEMBERS' OPEN SCIENCE POLICIES, HRA OPEN IS A POWERFUL RECRUITING TOOL. IT HAS LED NEW FUNDERS TO JOIN HRA MAINLY TO BE ABLE TO USE THIS INFRASTRUCTURE. HRA ALSO SURVEYS OUR MEMBERSHIP ANNUALLY TO UNDERSTAND CHALLENGES TO FUNDRAISING AND OTHER IMPACTS ON REVENUE, AS WELL AS ISSUES RELATED TO GRANTMAKING AND PROGRAMMING. WE MAKE THOSE DATA AVAILABLE TO HRA MEMBERS AND PERIODICALLY PUBLISH THAT ANALYSIS MORE WIDELY. FINALLY, HRA USES THE INFRASTRUCTURE OF OUR WEBSITE AS A CENTRAL REPOSITORY OF CURATED RESOURCES, AND TO PUBLICIZE EVENTS.

Program 3
Expenses: $125,482

GATHER AND DISSEMINATE KNOWLEDGE TO FOSTER INNOVATIVE GRANTMAKING AND ADDRESS CHALLENGES IN BIOMEDICAL RESEARCH. GOAL 2 OF HRA'S STRATEGIC PLAN "DRIVE INSTITUTIONAL LEARNING TO INCREASE MEMBER...

Read more

GATHER AND DISSEMINATE KNOWLEDGE TO FOSTER INNOVATIVE GRANTMAKING AND ADDRESS CHALLENGES IN BIOMEDICAL RESEARCH. GOAL 2 OF HRA'S STRATEGIC PLAN "DRIVE INSTITUTIONAL LEARNING TO INCREASE MEMBER ORGANIZATIONS' EFFECTIVENESS" SPECIFICALLY TARGETS THIS ACCOMPLISHMENT, THOUGH MANY OTHER PARTS OF THE PLAN CONTRIBUTE AS WELL. HRA GATHERS AND DISSEMINATES KNOWLEDGE TO FOSTER INNOVATIVE GRANTMAKING AND ADDRESS CHALLENGES IN BIOMEDICAL RESEARCH BY PROVIDING LEADERSHIP, KNOWLEDGE, TOOLS, AND OPPORTUNITIES TO COLLABORATE AND IDENTIFY EFFECTIVE GRANTMAKING STRATEGIES. WE USE HRA'S LISTSERV AS A FORUM FOR HRA MEMBERS TO SEEK GUIDANCE, ASK QUESTIONS, AND POSE CHALLENGES TO FELLOW MEMBERS OUTSIDE OF FORMAL GROUPS OR MEETINGS. HRA'S "LEARNING COMMUNITIES" ALSO PROVIDE LEADERSHIP, KNOWLEDGE, TOOLS, AND OPPORTUNITIES ON TOPICS THAT ARE CRITICAL TO THE BIOMEDICAL RESEARCH FUNDING SECTOR. LEARNING COMMUNITY TOPICS INCLUDE AI/LLM, CLINICAL TRIALS, DIVERSITY, EQUITY, & INCLUSION, DRUG AND OTHER THERAPY DEVELOPMENT, GRANTS ADMINISTRATION, MISCONDUCT AND ETHICS, OPEN SCIENCE & DATA SHARING, PROGRAM EVALUATION, REGISTRY AND BIOREPOSITORY, AND RESEARCH WORKFORCE AND EARLY CAREER DEVELOPMENT. THE COMMUNITIES WORK BY CONVENING REGULARLY VIA ZOOM, CREATING TOOLS, AND COLLECTING EFFECTIVE STRATEGIES TO SHARE WITH THE MEMBERS. THESE COMMUNITIES DIVE DEEP INTO ISSUES THAT IMPACT OUR MEMBERS, AND DEVELOP RECOMMENDATIONS, IDENTIFY RESOURCES, OR FACILITATE DISCUSSION ABOUT WHAT HRA AND HRA MEMBERS CAN IMPLEMENT OR SUPPORT TO MAKE PROGRESS IN VARIOUS AREAS. COMMUNITIES ARE CREATED WHEN A NEED ARISES BUT ALSO SUNSET WHEN THE APPLICABILITY TO HRA MEMBER ORGANIZATIONS SIGNIFICANTLY DECREASES. WE ALSO HOST ON HRA'S WEBSITE A FREQUENTLY UPDATED GRANTMAKING HANDBOOK FOR HRA MEMBERS AND THE COMMUNITY (INCLUDING "HOW TO'S" FOR BIOMEDICAL GRANTMAKING).

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $586,820
Program Service Revenue $0
Investment Income $44,598
Other Revenue $0
TOTAL REVENUE $631,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,006
Fundraising Expenses $80,203
Program Expenses $348,232
Other Expenses $270,481
TOTAL EXPENSES $692,487

Year-over-Year Comparison

2024 2023 Change
Revenue $631,418 $583,743 +0.1%
Expenses $692,487 $708,746 0.0%
Net Income $-61,069 $-125,003 -0.5%
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

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
3
Volunteers
50

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
7
$343,752
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SINDY ESCOBAR-ALVAREZ PAST CHAIR 1.00
Officer Director
$0 $0 $0
STACY CLOUD CHAIR 1.00
Officer Director
$0 $0 $0
KARA COLEMAN SECRETARY 1.00
Officer Director
$0 $0 $0
ANNE HULTGREN TREASURER 1.00
Officer Director
$0 $0 $0
LARA BETHKE DIRECTOR 1.00
Director
$0 $0 $0
DIANE BOVENKAMP DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER BRUMMET DIRECTOR 1.00
Director
$0 $0 $0
HEATHER CALDERONE DIRECTOR 1.00
Director
$0 $0 $0
GLENN DILLON DIRECTOR 1.00
Director
$0 $0 $0
BRENT DOLEZALEK DIRECTOR 1.00
Director
$0 $0 $0
ORNA EHRLICH DIRECTOR 1.00
Director
$0 $0 $0
AMY LASTER DIRECTOR 1.00
Director
$0 $0 $0
KELLY ROSE DIRECTOR 1.00
Director
$0 $0 $0
KRISSA SMITH DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN MUELLER DIRECTOR 1.00
Director
$0 $0 $0
MARYROSE FRANKO EXECUTIVE DIRECTOR 40.00
Officer
$118,318 $0 $118,318
CHRISTINE RIORDAN EXECUTIVE DIRECTOR 40.00
Officer
$115,790 $0 $115,790
JENNA HICKS ASSISTANT DIRECTOR 40.00
Officer
$109,644 $0 $109,644
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 $631,418 $692,487 $827,943 $-61,069
2023 $583,743 $708,746 $819,243 $-125,003
2022 $660,757 $574,512 $922,553 $86,245
2021 $512,240 $606,210 $1,337,477 $-93,970
2020 $641,111 $531,677 $1,693,064 $109,434
2019 $543,093 $672,131 $1,838,348 $-129,038
2018 $638,282 $549,571 $2,246,124 $88,711
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HEALTH RESEARCH ALLIANCE INC with other nonprofits in North Carolina and across the country.