Meningitis Foundation

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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

2018

Legal Domicile

Principal Officer

David R Boulware

Phone

6126249996

Tax Period

2024-01-01 to 2024-12-31

Meningitis Foundation, founded in 2018, is a small nonprofit in the Medical Research sector that reported $464K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $331K, a strong 71% operating margin.

Mission

Meningitis Foundation is established to as a scientific organization to support research into meningitis and to decrease the burden of meningitis worldwide. The organizations mission focuses on infections of global importance for which prevention or current therapies are inadequate.

Program Service Accomplishments

Program 1

Expenses: $16,785

Support for International Tubcerulous Meningitis Consortium meeting in Ubud, Indonesia over November 8-11, 2004.

Program 2

Expenses: $42,500

Payment to DF/Net Research for a software license for research infrastructure at Infectious Diseases Institute of Makerere University in Kampala, Uganda. DF/net is an electronic data capture system...

Program 3

Expenses: $53,904

Payment to Infectious Diseases Institute to support TB meningitis clinical trials and related research activities

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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 (2024)

Revenue Breakdown

Contributions & Grants $75,035

Program Service Revenue $387,036

Investment Income $1,763

Other Revenue $0

TOTAL REVENUE $463,834

Expense Breakdown

Grants Paid $56,904

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,817

Other Expenses $76,264

TOTAL EXPENSES $133,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,834	$259,203	+0.8%
Expenses	$133,168	$203,300	-0.3%
Net Income	$330,666	$55,903	+4.9%

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

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
David Boulware	President	004.00	Director	$0	$0	$0
Radha Rajasingham	Trustee	002.00	Director	$0	$0	$0
David Meya	Trustee	004.00	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	No data	No data	No data	No data
2024	$463,834	$133,168	$450,747	$330,666
2023	$259,203	$203,300	$66,468	$55,903