CAMBRIDGE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SERENAGROUP RESEARCH FOUNDATION, founded in 2018, is a small nonprofit that reported $194K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $218K exceeded revenue, resulting in a 12% operating deficit.
SERENAGROUP RESEARCH FOUNDATION'S MISSION IS TO MEET AN UNMET NEED FOR SCIENTIFIC AND MEDICAL RESEARCH IN THE AREAS OF HYPERBARIC MEDICINE, WOUND HEALING AND RELATED FIELDS. SERENAGROUP RESEARCH FOUNDATION AIMS TO IMPROVE THE QUALITY OF LIFE OF PATIENTS SUFFERING FROM CHRONIC WOUNDS THROUGH ITS RESEARCH. ADDITIONALLY, SERENAGROUP RESEARCH FOUNDATION PROVIDES EDUCATION TO PERSONS AND ORGANIZATIONS REGARDING PROPER WOUND CARE TECHNIQUES.
THE FOUNDATION CONDUCTS CLINICAL TRIALS ON WOUND CARE FROM EARLY PHASE DRUG AND DEVICE STUDIES TO POST-MARKETING TRIALS ACROSS THE FOUNDATION'S NETWORK OF RESEARCH SITES.
THE FOUNDATION OFFERS PRODUCT DEVELOPMENT, PRODUCT TESTING, AND POST-MARKETING MECHANISM OF ACTION ANALYSES AND OFFERS OPPORTUNITIES FOR EDUCATION, RESEARCH, AND TRAINING, THROUGH ON-SITE, HANDS-ON...
THE FOUNDATION OFFERS PRODUCT DEVELOPMENT, PRODUCT TESTING, AND POST-MARKETING MECHANISM OF ACTION ANALYSES AND OFFERS OPPORTUNITIES FOR EDUCATION, RESEARCH, AND TRAINING, THROUGH ON-SITE, HANDS-ON AND INTERACTIVE EDUCATION SERIES.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $194,175 | $466,560 | -0.6% |
| Expenses | $218,172 | $535,721 | -0.6% |
| Net Income | $-23,997 | $-69,161 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| THOMAS SERENA | CEO & FOUNDING TRUSTEE | 3.00 |
Officer
Director
|
$0 | $47,398 | $290,217 |
| ANTHONY SERENA | CFO & FOUNDING TRUSTEE | 1.00 |
Officer
Director
|
$0 | $25,875 | $163,875 |
| TIMOTHY MAYHUGH | INDEPENDENT TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| GERALD BLISTEIN | INDEPENDENT TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN HIETALA | INDEPENDENT TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $194,175 | $218,172 | No data | $-23,997 |
| 2022 | $466,560 | $535,721 | $40,205 | $-69,161 |
| 2021 | $676,235 | $546,097 | $146,858 | $130,138 |
| 2020 | $1,084,385 | $1,536,916 | $78,978 | $-452,531 |
| 2019 | $2,822,514 | $2,406,963 | $1,039,618 | $415,551 |
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