INSTITUTE FOR ADVANCED CLINICAL TRIALS FOR CHILDREN

EIN: 812076517 501(c)(3)

NORTH BETHESDA, MD

Total Revenue
$4,060
Total Expenses
$1,306,642
Total Assets
N/A
Net Assets
N/A
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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
2016
Legal Domicile
DE
Principal Officer
ELIZABETH GAROFALO
Phone
3016057571
Tax Period
2025-01-01 to 2025-04-30

INSTITUTE FOR ADVANCED CLINICAL TRIALS FOR CHILDREN, founded in 2016, is a micro nonprofit that reported $4K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 32083% operating deficit.

Mission

SEE PART III, LINE 1.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,654
Other Revenue $406
TOTAL REVENUE $4,060

Expense Breakdown

Grants Paid $191,011
Salaries & Benefits $489,878
Fundraising Expenses $187,598
Program Expenses $781,422
Other Expenses $616,024
TOTAL EXPENSES $1,306,642

Year-over-Year Comparison

2024 2023 Change
Revenue $4,060 $648,518 -1.0%
Expenses $1,306,642 $2,711,066 -0.5%
Net Income $-1,302,582 $-2,062,548 -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

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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
10

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
$173,134
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH GAROFALO CHAIRWOMAN 3.00
Officer Director
$0 $0 $0
MARTHA BRUMFIELD SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
BARRY BROOKS DIRECTOR 3.00
Director
$0 $0 $0
JAMES POMFRET DIRECTOR 3.00
Director
$0 $0 $0
MAX COPPES DIRECTOR 3.00
Director
$0 $0 $0
JEFF BARRETT DIRECTOR 3.00
Director
$0 $0 $0
DANIEL JORGENSEN DIRECTOR 3.00
Director
$0 $0 $0
TAMAROH LEWIS DIRECTOR 3.00
Director
$0 $0 $0
STEPHANIE DAVIS DIRECTOR 3.00
Director
$0 $0 $0
KRISTEN SWINGLE DIRECTOR 3.00
Director
$0 $0 $0
VIVIANNA GUZMAN EXECUTIVE DIRECTOR 40.00
Officer
$147,560 $452 $148,012
ALBERT JOHN ALLEN CMO (UNTIL 3/25) 10.00
Officer
$22,568 $2,554 $25,122
LAURA LOPEZ CFAO 40.00
Highest
$117,309 $8,896 $126,205
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 $4,060 $1,306,642 No data $-1,302,582
2024 $648,518 $2,711,066 $1,381,300 $-2,062,548
2023 $1,463,891 $3,296,795 $3,501,048 $-1,832,904
2022 $3,274,066 $5,107,870 $5,456,460 $-1,833,804
2021 $5,280,418 $6,202,128 $7,633,622 $-921,710
2020 $7,129,650 $5,234,764 $8,517,224 $1,894,886
2019 $5,500,641 $4,621,793 $6,660,296 $878,848
2018 $2,086,510 $2,560,182 $4,378,274 $-473,672
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