Polaris Research Institute Inc

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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

2017

Legal Domicile

Principal Officer

Stefan Torges

Phone

7073968230

Tax Period

2024-01-01 to 2024-12-31

Polaris Research Institute Inc, founded in 2017, is a small nonprofit in the Science & Technology sector that reported $450K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $678K exceeded revenue, resulting in a 50% operating deficit.

Mission

See Form 990, Part I, Line 1.

Program Service Accomplishments

Program 1

Expenses: $418,791

Research and writing of various scientific articles and papers, primarily on the safety issues of using artificial intelligence

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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 $450,235

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $450,235

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $378,705

Fundraising Expenses $71,098

Program Expenses $418,791

Other Expenses $148,872

TOTAL EXPENSES $677,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,235	$335,428	+0.3%
Expenses	$677,577	$375,437	+0.8%
Net Income	$-227,342	$-40,009	+4.7%

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

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

$241,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ruairi Donnelly	Executive Dir.	40.00	Officer	$223,019	$18,613	$241,632
Stefan Torges	President	0.20	Officer Director	$0	$0	$0
Jonas Vollmer - end 06-2024	Vice President	0.20	Officer Director	$0	$0	$0
Tobias Pulver	Director	0.20	Director	$0	$0	$0
Daniel Kestenholz - treas beg 08-20	Secretary	1.00	Officer Director	$0	$0	$0
Amrit Sidhu-Brar - end 08-2024	Treasurer	1.00	Officer	$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
2024	$450,235	$677,577	$324,777	$-227,342
2023	$335,428	$375,437	$571,433	$-40,009
2022	$2,144,757	$2,252,935	$604,278	$-108,178
2021	$529,232	$755,352	$800,305	$-226,120
2020	$1,001,783	$572,963	$949,692	$428,820
2019	$1,092,536	$692,338	$500,590	$400,198