BLOOMINGTON, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)APPLIED RESEARCH INSTITUTE INC, founded in 2017, is a mid-sized nonprofit in the Community Improvement sector that reported $76.9M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $68.2M left a modest 11% surplus.
ARI WAS FORMED TO CONDUCT RESEARCH AND FOSTER REGIONAL COLLABORATION AMONG INDIANA'S RESEARCH UNIVERSITIES; LOCAL, STATE, AND FEDERAL GOVERNMENT ENTITIES; AND THE PHILANTHROPIC AND CORPORATE SECTORS IN CONNECTION WITH CHARITABLE, EDUCATIONAL, AND OTHER EXEMPT PROGRAMS INVOLVING MULTI-SPECTRAL SENSOR DATA FUSION AND SECURITY (CYBER), HIGH DENSITY ENERGY STORAGE AND MANAGEMENT, ADVANCED MATERIALS SCIENCE, AND MICROELECTRONICS TECHNOLOGY AND SECURITY, AS WELL AS OTHER TECHNOLOGICAL AND SCIENTIFIC AREAS THAT ALIGN WITH THE CAPABILITIES AND MISSION OF THE ORGANIZATION.
THE ME COMMONS PROGRAM IS INTENDED TO DEVELOP AND IMPLEMENT MIDWEST STRATEGY TO ONSHORE MICROELECTRONICS CAPABILITIES, GENERATE JOBS, DRIVE INNOVATION AND PROTOTYPE DEVELOPMENT.
THE IEDC PORTFOLIO INCLUDES PROJECTS INTENDED TO PURSUE LARGE-SCALE OPPORTUNITIES FOR THE INDIANA ECOSYSTEMS IN VARIOUS TECHNICAL AREAS; A PROJECT THAT PROMOTES DEVELOPMENT OF TECHNOLOGY TO PROMOTE...
THE IEDC PORTFOLIO INCLUDES PROJECTS INTENDED TO PURSUE LARGE-SCALE OPPORTUNITIES FOR THE INDIANA ECOSYSTEMS IN VARIOUS TECHNICAL AREAS; A PROJECT THAT PROMOTES DEVELOPMENT OF TECHNOLOGY TO PROMOTE ECONOMIC DEVELOPMENT AND TEAMING BETWEEN UNIVERSITIES/NON-PROFITS AND THE TECH SECTOR; AND A PROJECT TO OPERATE A TRUSTED TECH ACCELERATOR, TECH DIPLOMACY FELLOWSHIP, AND TRAIN AND EDUCATE THE INDIANA TALENT AND WORKFORCE.
THE DAPRA PIA PROGRAM IS INTENDED TO PROMOTE COOPERATIVE ACTIVITIES BETWEEN DARPA AND SMALL BUSINESS FIRMS AND EDUCATIONAL INSTITUTIONS SERVED BY ARI. THE SERVICES PROVIDED BY ARI ARE INTENDED TO...
THE DAPRA PIA PROGRAM IS INTENDED TO PROMOTE COOPERATIVE ACTIVITIES BETWEEN DARPA AND SMALL BUSINESS FIRMS AND EDUCATIONAL INSTITUTIONS SERVED BY ARI. THE SERVICES PROVIDED BY ARI ARE INTENDED TO ASSIST DARPA SUCCEED WITHIN AN INNOVATION ECOSYSTEM THAT INCLUDES ACADEMIC, CORPORATE, AND GOVERNMENTAL PARTERNS, WITH A CONSTANT FOCUS ON NATIONAL SECURITY CHALLENGES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $76,880,879 | $55,308,760 | +0.4% |
| Expenses | $68,231,647 | $50,567,517 | +0.3% |
| Net Income | $8,649,232 | $4,741,243 | +0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MUNG CHIANG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE ELLSPERMANN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TINA PETERSON | BOARD MEMBER, FINANCE/AUDIT COMMITTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN THOMPSON | BOARD MEMBER, FINANCE/AUDIT COMMITTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR PAMELA WHITTEN | BOARD MEMBER, FINANCE/AUDIT COMMITTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID ROBERTS | PRESIDENT & CEO | 40.00 |
Officer
|
$438,960 | $63,249 | $502,209 |
| WILLIAM KISER | EVP SCIENCE & TECHNOLOGY | 40.00 |
Key Emp
|
$354,514 | $61,837 | $416,351 |
| LESLIE WOLFE | EVP FINANCE & OPERATIONS - CFO | 40.00 |
Key Emp
|
$311,817 | $41,339 | $353,156 |
| ELIZABETH PYNE | EVP INNOVATION & STRATEGY | 40.00 |
Key Emp
|
$291,333 | $33,021 | $324,354 |
| ANDREW KOSSACK | EVP PARTNERSHIPS & GENERAL | 40.00 |
Key Emp
|
$300,367 | $57,069 | $357,436 |
| JAMES COSTA | SVP, INNOVATION & SEMICONDUCTOR | 40.00 |
Highest
|
$314,836 | $56,574 | $371,410 |
| BRETT HAMILTON | SVP, MICROELECTRONICS & AT | 40.00 |
Highest
|
$315,340 | $35,446 | $350,786 |
| ROSA JOHNSON | DIRECTOR, CONTRACTS | 40.00 |
Highest
|
$209,656 | $32,782 | $242,438 |
| LESLIE ALEXANDER | VP ENERGY STORAGE TECHNOLOGIES | 40.00 |
Highest
|
$250,000 | $52,719 | $302,719 |
| PATRICK HOLMES | SVP INTELLECTUAL PROPERTY | 40.00 |
Highest
|
$250,000 | $40,559 | $290,559 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $76,880,879 | $68,231,647 | $47,128,624 | $8,649,232 |
| 2023 | $55,308,760 | $50,567,517 | $41,727,832 | $4,741,243 |
| 2022 | $30,438,388 | $29,551,415 | $11,042,297 | $886,973 |
| 2021 | $9,074,163 | $7,556,576 | $3,329,526 | $1,517,587 |
| 2020 | $4,382,204 | $4,062,553 | $779,321 | $319,651 |
Compare APPLIED RESEARCH INSTITUTE INC with other nonprofits in Indiana and across the country.