WALSH RESEARCH INSTITUTE

EIN: 800213945 501(c)(3) Health Care

Naperville, IL

Total Revenue
$201,504
Total Expenses
$202,023
Total Assets
$275,445
Net Assets
$134,650
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IL
Principal Officer
William Walsh
Phone
6305965095
Tax Period
2019-10-01 to 2020-09-30

WALSH RESEARCH INSTITUTE, founded in 2008, is a small nonprofit in the Health Care sector that reported $202K in total revenue in fiscal year 2019. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

1. engage in research in the fields of biochemistry and molecular biology; 2. train and educate in the areas of biochemistry and advanced nutrient therapy; 3. aid or assist medical researchers and/or medical practitioners in clinical practice; 4. establish, assist in establishment of or otherwise finance research and education in the fields of autism, behavior disorders, ADHD, depression, bipolar disorders, schizophrenia, neurodegenerative diseases, and various orphan diseases; 5. promote, develop and expand awareness of the efficacy and power of individualized nutrient therapy; 6. prepare and publish information regarding research findings, clinical methods and outcomes, advanced laboratory assays, advanced treatment protocols, and the genetics, biophysics, and biochemistry of mental disorders; and 7. supplement or assist in the work of any school, college, university or institute in scientific research and the development of advanced treatment modalities.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $201,504
Investment Income $0
Other Revenue $0
TOTAL REVENUE $201,504

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,868
Fundraising Expenses $0
Program Expenses $202,023
Other Expenses $80,155
TOTAL EXPENSES $202,023

Year-over-Year Comparison

2019 2018 Change
Revenue $201,504 $293,591 -0.3%
Expenses $202,023 $268,025 -0.2%
Net Income $-519 $25,566 -1.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
7

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
1
$76,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Walsh Chief Executive 40
Officer
$76,000 $0 $76,000
John G Provenzale Director 0.25
Director
$0 $0 $0
Richard S Peabody Jr Director 0.25
Director
$0 $0 $0
Judy E Bowman Director 0.25
Director
$0 $0 $0
Albert H P K Mensah Director 0.25
Director
$0 $0 $0
Cathy Mullen Director 0.5
Director
$0 $0 $0
Ronald Tirapelli Director 0.25
Director
$0 $0 $0
Terry Walsh Director 0.25
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
2020 $201,504 $202,023 $275,445 $-519
2019 $293,591 $268,025 $150,577 $25,566
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