The Ketamine Research Foundation

EIN: 821206912 501(c)(3) Mental Health

San Anselmo, CA

Total Revenue
$674,218
Total Expenses
$641,403
Total Assets
$560,755
Net Assets
$558,791
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
Philip E Wolfson MD
Phone
4155501700
Tax Period
2024-01-01 to 2024-12-31

The Ketamine Research Foundation, founded in 2017, is a small nonprofit in the Mental Health sector that reported $674K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $641K left a modest 5% surplus.

Mission

The specific purpose of the corporation shall include, without limitation: to evolve and provide research, training, and education in the development of Ketamine's use for psychiatric and psychotheraputic science and clinical practice.

Program Service Accomplishments

Program 1
Expenses: $252,349 Revenue: $14,409

Ketamine is the only legally available medicine with psychedelic therapeutic methodologies and practices that will serve as a model and development ground as other psychoactive medicines become...

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Ketamine is the only legally available medicine with psychedelic therapeutic methodologies and practices that will serve as a model and development ground as other psychoactive medicines become available for clinical practice. This makes for streamlined and creative research, with appropriate safeguards with FDA and IRB approvals as appropriate.KRF's 2024 achievements were as follows: Completed Phantom Limb Protocol and submitted it to FDAin Review. IRB gave conditional approval based on FDA review Our Acute Trauma PTSD protocol was sent, taught and utilized in the Ukraine, Israel, North Carolina's disaster and elsewhere. KRF took leadership in dealing with trauma treatment worldwide and presented its protocol and is providing ongoing training KRF's protocol for Women's Wellbeing with the treatment of luteal face PMS and PMDD was submitted to FDA for an INDin review Setting Standards for Safe and Effective Ketamine Use-- KRF as the standard bearer for the use of ketamine clinicallyAnd for its safe use personally. KRF published major articles on KAP in academic journals, participated in numerous podcasts and programs, and had several journalistic pieces published.

Program 2
Expenses: $349,701 Revenue: $334,913

KRF's Ketamine Training Center continued its practitioner training programs with over 1000 persons trained as of 2024. Our 2nd Annual Dharma K program was held as well as our Advanced Sharing...

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KRF's Ketamine Training Center continued its practitioner training programs with over 1000 persons trained as of 2024. Our 2nd Annual Dharma K program was held as well as our Advanced Sharing program. WE remain as the principle and most complete training organization for KAP and Ketamine work. The BIPOC program continues to support diversity with scholarship assistance to trainees.KRF's Ketamine Psychotherapy Associates membership program now has over 100 members and provides ongoing support for practitioners and KAP practices. Our Access to Care program provide funds for our members to support those who cannot afford care.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $323,885
Program Service Revenue $349,322
Investment Income $227
Other Revenue $784
TOTAL REVENUE $674,218

Expense Breakdown

Grants Paid $5,750
Salaries & Benefits $136,500
Fundraising Expenses $15,750
Program Expenses $602,050
Other Expenses $499,153
TOTAL EXPENSES $641,403

Year-over-Year Comparison

2024 2023 Change
Revenue $674,218 $884,311 -0.2%
Expenses $641,403 $958,705 -0.3%
Net Income $32,815 $-74,394 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
4
$136,500
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Monica Winsor Chair of the Board 2.00
Officer Director
$0 $0 $0
Ray Foote Treasurer 1.00
Officer Director
$0 $0 $0
Daniel Schwartz Secretary 1.00
Officer Director
$0 $0 $0
Michael Thatcher Director 1.00
Director
$0 $0 $0
Bruce Richman Director 1.00
Director
$0 $0 $0
Ethan Ruby Director 1.00
Director
$0 $0 $0
Philip E Wolfson MD CEO 20.00
Officer
$136,500 $0 $136,500
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 $674,218 $641,403 $560,755 $32,815
2023 $884,311 $958,705 $527,941 $-74,394
2022 $888,575 $940,075 $609,263 $-51,500
2022 $888,575 $940,075 $609,263 $-51,500
2021 $1,007,451 $758,909 $651,871 $248,542
2020 $428,765 $303,687 $403,379 $125,078
2019 $776,889 $554,228 $278,301 $222,661
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