OPEN 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

2019

Legal Domicile

Principal Officer

Michelle Thompson

Phone

8582293399

Tax Period

2025-01-01 to 2025-12-31

OPEN RESEARCH INSTITUTE INC, founded in 2019, is a micro nonprofit in the Science & Technology sector that reported $11K in total revenue in fiscal year 2025. Revenue fell 34% from the prior year — a significant decline worth monitoring. Net assets of $524K represent 557 months of operating reserves.

Mission

Open Research Institute ORI is a non-profit research and development organization which provides all of its work to the general public under the principles of Open Source and Open Access to Research.

Program Service Accomplishments

Program 1

Expenses: $4,296 Revenue: $0

Our largest program expense for 2025 was supporting open source digital radio research and development in Remote Labs. These expenses were to repair update and maintain Remote Labs workbenches and...

Our largest program expense for 2025 was supporting open source digital radio research and development in Remote Labs. These expenses were to repair update and maintain Remote Labs workbenches and Remote Labs information technology infrastructure for Opulent Voice Haifuraiya HF Meander Antenna Polynomial Spline Modeling Synthetic Aperture Radar Modeling Phased Array Drone Near Field Modeling Neptune Earth Venus Earth Modeling and Mode Dynamic Transponder Modeling work.

Program 2

Expenses: $3,500 Revenue: $0

Our second largest program expense for 2025 was demonstrating prototypes of all active projects at the DEFCON conference in Las Vegas NV. Our open source digital radio exhibit in RF Village was...

Our second largest program expense for 2025 was demonstrating prototypes of all active projects at the DEFCON conference in Las Vegas NV. Our open source digital radio exhibit in RF Village was visited by thousands of participants. Opulent Voice open source Synthetic Aperture Radar RFBitBanger and Ribbit were demonstrated live. Exhibits about successful sounding rocket launches with the University of Puerto Rico collaboration with Deep Space Exploration Society and IEEE were also presented and interpreted by four volunteers who worked the event full time from open to close Thursday through Sunday.

Program 3

Expenses: $866 Revenue: $0

Our third largest program expense for 2025 was AmbaSat launch costs. This expense puts an open source design in low earth orbit. This work was funded by a grant and has educated eleven individuals in the areas of printed circuit board design circuit analysis VHF UHF and microwave propagation and embedded processing and programming.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,353

Program Service Revenue $0

Investment Income $8,938

Other Revenue $0

TOTAL REVENUE $11,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,662

Other Expenses $11,507

TOTAL EXPENSES $11,507

Year-over-Year Comparison

	2025	2024	Change
Revenue	$11,291	$17,182	-0.3%
Expenses	$11,507	$18,780	-0.4%
Net Income	$-216	$-1,598	-0.9%

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

2000

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Wheeler	Secretary	5.00	Officer Director	$0	$0	$0
Anshul Makkar	Director	10.00	Director	$0	$0	$0
Michelle Thompson	CEO	30.00	Officer Director	$0	$0	$0
Steve Conklin	CFO	10.00	Officer Director	$0	$0	$0
Matthew Wishek	Director	10.00	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
2025	$11,291	$11,507	$524,061	$-216
2024	No data	No data	No data	No data
2023	$41,627	$55,638	$525,875	$-14,011
2022	$997	$142,268	$539,886	$-141,271
2022	$997	$142,268	$539,886	$-141,271
2021	$250,205	$263,507	$676,101	$-13,302
2020	$722,450	$126,183	$689,403	$596,267