Texas Health Research & Education … - 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

1994

Legal Domicile

Principal Officer

Teresa Turbeville

Phone

6822367900

Tax Period

2023-01-01 to 2023-12-31

Texas Health Research & Education Institute, founded in 1994, is a community nonprofit in the Medical Research sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $5.1M exceeded revenue, resulting in a 46% operating deficit.

Mission

CONDUCT MEDICAL RESEARCH, OFFER EDUCATIONAL PROGRAMS AND UNDERTAKE DEVELOPMENT PROJECTS THAT CONTRIBUTE TO THE PREVENTION, DIAGNOSIS AND TREATMENT OF DISEASE.

Program Service Accomplishments

Program 1

Expenses: $3,946,690 Revenue: $1,914,120

Research program: Clinical studies - Administrative support for and the investigation of the safety, effectiveness, or cost-effectiveness of new and approved drugs, procedures or technologies.

Program 2

Expenses: $431,774 Revenue: $118,981

There are dedicated personnel to research training, auditing, and monitoring. Personnel to support the Human Research and Protection Program along with ensuring compliance with THR policies and...

There are dedicated personnel to research training, auditing, and monitoring. Personnel to support the Human Research and Protection Program along with ensuring compliance with THR policies and procedures and Federal regulations.

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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 $1,449,435

Program Service Revenue $2,033,101

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,482,536

Expense Breakdown

Grants Paid $1,390,698

Salaries & Benefits $2,325,924

Fundraising Expenses $0

Program Expenses $4,378,464

Other Expenses $1,351,416

TOTAL EXPENSES $5,068,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,482,536	$1,820,613	+0.9%
Expenses	$5,068,038	$3,768,447	+0.3%
Net Income	$-1,585,502	$-1,947,834	-0.2%

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

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

Volunteers

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

$4,714,918

Total Directors

$5,000,441

Key Employees

$238,899

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MiaoWinjie Tang	President/Vice Chairmain	0.5	Officer Director	$0	$476,137	$2,167,038
McWhorterRicky E	Trustee	0.5	Director	$0	$325,006	$1,840,778
KramerKenneth J	Assistant Secretary	0.5	Officer	$0	$235,245	$1,442,048
MasicaAndrew	Chairman	0.5	Director	$0	$164,868	$992,625
JacksonDavid W	Assistant Secretary	0.5	Officer	$0	$165,877	$680,985
CantuStacy G	Corporate Secretary	0.5	Officer	$0	$71,659	$424,847
TurbevilleTeresa D	DIR SR RESEARCH	40.0	Key Emp	$183,423	$55,476	$238,899
CantrellCarrie L Hull	DIR CLINICAL RSRCH	40.0	Highest	$138,969	$47,323	$186,292
PlantTamara D	DIR CLINICAL RSRCH	40.0	Highest	$131,113	$48,028	$179,141
CraigTara	SUPV RN RSRCH CLINICAL	40.0	Highest	$108,620	$44,197	$152,817
ChenDavid T	MGR HUMAN RSRCH PROT PGRM	40.0	Highest	$94,786	$37,842	$132,628
WadeRebecca	RN RSRCH CLINICAL	40.0	Highest	$88,195	$33,209	$121,404
KirbyMichelle Riddle	Former Officer	0.0		$0	$0	$120,642

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	$3,482,536	$5,068,038	$358,214	$-1,585,502
2022	$1,820,613	$3,768,447	$366,990	$-1,947,834
2021	$4,067,494	$3,876,004	$980,489	$191,490
2020	$1,835,521	$3,200,214	$861,172	$-1,364,693
2019	$793,519	$2,501,138	$200,667	$-1,707,619
2018	$933,346	$3,121,724	$450,939	$-2,188,378

Texas Health Research & Education Institute