Whitman-Walker 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

KELLAN BAKER

Phone

2027457000

Tax Period

2023-01-01 to 2023-12-31

Whitman-Walker Institute Inc, founded in 2017, is a community nonprofit in the Health Care sector that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $9.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

WHITMAN-WALKER INSTITUTE EXPANDS THE BODY OF KNOWLEDGE NEEDED TO STRENGTHEN OUR PROGRAM FOUNDATION OF CARE, ADVOCACY, RESEARCH, AND EDUCATION. THROUGH SUCH LEARNING, WE EMPOWER ALL PERSONS TO LIVE HEALTHLY, LOVE OPENLY, AND ACHIEVE EQUALITY AND INCLUSION.

Program Service Accomplishments

Program 1

Expenses: $3,996,554 Revenue: $0

WHITMAN-WALKER INSTITUTE CONDUCTS GRANT FUNDED RESEARCH ACTIVITY IN COOPERATION WITH THE NATIONAL INSTITUTE OF HEALTH.

Program 2

Expenses: $980,267 Revenue: $692,867

WHITMAN-WALKER INSTITUTE CONDUCTS RESEARCH TRIALS AND OTHER CONTRACTUAL ACTIVITY IN COOPERATION WITH INDUSTRY PARTNERS.

Program 3

Expenses: $711,176 Revenue: $0

WHITMAN-WALKER INSTITUTE PROVIDES POLICY AND ADVOCACY WORK THAT IMPACTS THE METRO WASHINGTON'S LGBTQ COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,273,716

Program Service Revenue $737,363

Investment Income $0

Other Revenue $13,400

TOTAL REVENUE $7,024,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,372,732

Fundraising Expenses $0

Program Expenses $5,856,996

Other Expenses $3,588,672

TOTAL EXPENSES $8,961,404

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,024,479	$5,833,705	+0.2%
Expenses	$8,961,404	$7,167,035	+0.3%
Net Income	$-1,936,925	$-1,333,330	+0.5%

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

N/A

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

$863,950

Total Directors

Key Employees

$649,773

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER MAHER	CHIEF FINANCIAL OFFICER	3.0	Officer	$0	$38,580	$281,402
CHRISTOPHER HOLLEMAN	FINANCIAL SENIOR DIRECTOR	3.0	Key Emp	$0	$55,990	$275,978
KELLAN BAKER	EXECUTIVE DIRECTOR & CLO	40.0	Officer	$215,677	$21,841	$237,518
CINDY LEWIN	CEO (INTERIM) (AS OF 04/23)	2.0	Officer	$10,923	$0	$234,578
KATHERINE WATSON	GENERAL COUNSEL (AS OF 04/23)	8.0	Key Emp	$20,313	$0	$189,915
BETH CASEMAN	GENERAL COUNSEL (THRU 04/23)	2.0	Key Emp	$8,464	$23,495	$183,880
RUPA PATEL	CLINICAL SCIENTIST	40.0	Highest	$161,309	$16,311	$177,620
MEGAN DIETERICH	RESEARCH CLINICIAN	40.0	Highest	$129,009	$48,533	$177,542
ALLISON TALEN	RESEARCH SCIENTIST	40.0	Highest	$132,707	$25,131	$157,838
NOEL DILLARD	DIRECTOR OF RESEARCH ADMIN	40.0	Highest	$129,663	$14,667	$144,330
JENNAFER KWAIT	RESEARCH SCIENTIST	40.0	Highest	$134,505	$0	$134,505
RYAN MORAN	CEO (THRU 04/10/23)	2.0	Officer	$27,374	$8,170	$110,452
JENNIFER CATES	BOARD CHAIR	2.0	Officer Director	$0	$0	$0
ALISON GILL	VICE CHAIR	2.0	Officer Director	$0	$0	$0
JEHAN EL-BAYOUMI	SECRETARY	2.0	Officer Director	$0	$0	$0
GREGORIO MILLET	TREASURER	2.0	Officer Director	$0	$0	$0
DARRYL GORMAN	DIRECTOR	2.0	Director	$0	$0	$0
DAVID STEINGLASS	DIRECTOR	2.0	Director	$0	$0	$0
FRANCES REED	DIRECTOR	2.0	Officer Director	$0	$0	$0
SANDRA AJISAFE	DIRECTOR	2.0	Director	$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	No data	No data	No data	No data
2023	$7,024,479	$8,961,404	$2,573,225	$-1,936,925
2022	$5,833,705	$7,167,035	$2,573,252	$-1,333,330
2021	$3,609,883	$4,791,810	$1,312,758	$-1,181,927
2020	$868,021	$1,636,720	$391,870	$-768,699
2019	$916,911	$1,750,131	$172,417	$-833,220