THE MORRIS L LICHTENSTEIN JR MEDIC… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

CHARLES W THOMASSON

Tax Period

2022-08-01 to 2023-07-31

THE MORRIS L LICHTENSTEIN JR MEDICAL RESEARCH FOUNDATION, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $769K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $982K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE FOUNDATION IS A MEDICAL RESEARCH ORGANIZATION WITHIN THE MEAINING OF SECTION 170(B)(1)(A)(III) OF THE U.S. INTERNAL REVENUE CODE AND RELATED TREASURY REGULATIONS. AS SUCH, THE PRINCIPAL PURPOSE AND ACTIVITY OF THE FOUNDATION IS TO CONDUCT MEDICAL RESEARCH IN COLLABORATION WITH ONE OR MORE NOT-FOR-PROFIT HOSPITALS.

Program Service Accomplishments

Program 1

Expenses: $319,536

IN COLLABORATION WITH THE UNIVERSITY OF TEXAS AT AUSTIN AND CHRISTUS SPOHN HOSPITAL SOUTH, FOUNDATION MEDICAL DIRECTOR M. WILSON, M.D. AND PRINCIPAL INVESTIGATOR PETER THOMAS, PH.D. ARE INVESTIGATING THE DUAL HORMONAL CONTROLS OF HUMAN VASCULAR CELL FUNCTIONS AND ROLES IN HUMAN DISEASES SUCH AS INFERTILITY, CANCER DEVELOPMENT, PRETERM BIRTH AND HYPERTENSION. (THOMAS IV STUDY)

Program 2

Expenses: $248,498

IN COLLABORATION WITH THE UNIVERSITY OF TEXAS A&M HEALTH SCIENCE CENTER AND CATHOLIC HEALTH INITIATIVES ST. JOSEPH HEALTH REGIONAL HOSPITAL, FOUNDATION MEDICAL DIRECTOR M. WILSON, M.D. AND PRINCIPAL INVESTIGATOR, MAHUA CHOUDHURY, PH.D. ARE INVESTIGATING DIET AND DIABETES IN A TRANS GENERATIONAL EPIGENETIC STUDY. THE PROJECT SEEKS TO PREDICT THE EARLY ONSET OF DIABETES AND ADVANCE IN PREVENTIVE TREATMENT PROTOCOLS FOR DIABETES. (CHOUDHURY STUDY)

Program 3

Expenses: $10,458

THIS STUDY IS RESEARCHING THE IMPACT OF PARENTCORPS IN CORPUS CHRISTI INDEPENDENT SCHOOL DISTRICT ON STUDENT EMOTIONAL, MENTAL AND PHYSICAL HEALTH AND ACADEMIC ACHIEVEMENT IN FAMILIES LIVING IN...

THIS STUDY IS RESEARCHING THE IMPACT OF PARENTCORPS IN CORPUS CHRISTI INDEPENDENT SCHOOL DISTRICT ON STUDENT EMOTIONAL, MENTAL AND PHYSICAL HEALTH AND ACADEMIC ACHIEVEMENT IN FAMILIES LIVING IN POVERTY. PARENT AND TEACHER WELL-BEING IS ALSO INVESTIGATED. PARENTCORPS IS A COMPREHENSIVE SCHOOL-BASED, FAMILY CENTERED INTERVENTION THAT PROMOTES FOUNDATIONAL SKILLS IN PRE-KINDERGARTEN AND KINDERGARTEN. THE RESEARCH IS A COLLABORATION WITH UNIVERSITY OF TEXAS AUSTIN AND NEW YORK UNIVERSITY HOSPITAL, WITH DR. ESTHER CALZADA AS PRINCIPAL INVESTIGATOR. (PARENTCORPS STUDY)

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $761,958

Other Revenue $6,715

TOTAL REVENUE $768,673

Expense Breakdown

Grants Paid $210,750

Salaries & Benefits $182,529

Fundraising Expenses $0

Program Expenses $802,663

Other Expenses $588,566

TOTAL EXPENSES $981,845

Year-over-Year Comparison

	2022	2021	Change
Revenue	$768,673	$662,063	+0.2%
Expenses	$981,845	$1,063,515	-0.1%
Net Income	$-213,172	$-401,452	-0.5%

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

$55,188

Total Directors

$74,388

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES W THOMASSON	PRESIDENT /	15.00	Officer Director	$35,988	$0	$35,988
ALLEN BORDEN	TREASURER /	2.00	Officer Director	$7,400	$0	$7,400
GREG MARKS	VICE PRESIDE	2.00	Director	$7,400	$0	$7,400
MELISSA MARKS	TRUSTEE	1.00	Director	$6,800	$0	$6,800
MARCIA MARKS	TRUSTEE	1.00	Officer Director	$6,400	$0	$6,400
SAMUEL BEECROFT	SECRETARY /	1.00	Officer Director	$5,400	$0	$5,400
CAMILLE THOMASSON	TRUSTEE	1.00	Director	$5,000	$0	$5,000

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
2023	$768,673	$981,845	$12,185,379	$-213,172
2022	$662,063	$1,063,515	$12,398,969	$-401,452
2021	$586,538	$1,047,469	$12,811,635	$-460,931
2020	$835,060	$1,024,107	$13,272,376	$-189,047
2019	$1,134,429	$1,469,994	$13,461,301	$-335,565

THE MORRIS L LICHTENSTEIN JR MEDICAL RESEARCH FOUNDATION