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 MUTLI-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.
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.