Baylor Research Institute (EIN 751921898) - 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

1982

Legal Domicile

Principal Officer

Javed Butler

Phone

2148204135

Tax Period

2024-07-01 to 2025-06-30

Baylor Research Institute, founded in 1982, is a mid-sized nonprofit in the Medical Research sector that reported $89.5M in total revenue in fiscal year 2024. Expenses of $85.9M left a modest 4% surplus.

Mission

Faith based medical research organization bringing innovative treatment to patients through basic science, clinical trials, and health care effectiveness and quality of care research.

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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 $42,035,733

Program Service Revenue $33,238,900

Investment Income $1,542,656

Other Revenue $12,674,052

TOTAL REVENUE $89,491,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,678,294

Fundraising Expenses $0

Program Expenses $75,562,410

Other Expenses $30,231,878

TOTAL EXPENSES $85,910,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,491,341	$84,907,337	+0.1%
Expenses	$85,910,172	$78,415,673	+0.1%
Net Income	$3,581,169	$6,491,664	-0.4%

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

594

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

$2,549,024

Total Directors

$7,189,108

Key Employees

$728,234

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alejandro Arroliga MD	Trustee	1.00	Director	$0	$48,385	$2,669,383
Javed Butler MD	Trustee/President/CEO	40.00	Officer Director	$806,185	$109,507	$915,692
Michael J Mack MD	Trustee/Chair	1.00	Officer Director	$0	$21,529	$626,578
Steven Newton	Trustee	1.00	Director	$0	$46,363	$2,977,455
Amy Martin	VP CFO	1.00	Officer	$0	$77,661	$500,711
Mitch Dean	Secretary	1.00	Officer	$0	$61,698	$506,043
Elizabeth Cothran	VP Chief Regulatory Officer	40.00	Key Emp	$309,167	$48,847	$358,014
Jennifer Thomas	VP Research Operations	40.00	Key Emp	$330,334	$39,886	$370,220
Alan Stevens	Research Center Dir	40.00	Highest	$295,784	$36,711	$332,495
Elisa Priest	Director Clinical Informatics	40.00	Highest	$327,925	$67,962	$395,887
Gerard Zurawski	Dir Institute Immun Rsrch	40.00	Highest	$315,598	$25,054	$340,652
Simon Driver	Research Center Dir	40.00	Highest	$277,664	$38,264	$315,928
Suzy Gulliver	Research Center Dir	40.00	Highest	$284,849	$36,656	$321,505

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	$89,491,341	$85,910,172	$191,870,643	$3,581,169
2024	No data	No data	No data	No data
2023	$73,307,762	$76,665,102	$157,601,006	$-3,357,340
2022	$70,312,625	$68,170,124	$163,970,510	$2,142,501
2021	$77,117,798	$65,145,979	$167,191,620	$11,971,819
2020	$71,333,023	$66,124,848	$139,937,615	$5,208,175
2019	$69,331,263	$69,230,447	$165,250,659	$100,816
2018	$74,456,233	$70,238,304	$149,737,447	$4,217,929

Baylor Research Institute