RESEARCH-AID NETWORKS

EIN: 833345014 501(c)(3) Philanthropy & Grantmaking

Chicago, IL

Total Revenue
$292,000
Total Expenses
$153,457
Total Assets
$168,071
Net Assets
$168,071
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IL
Principal Officer
Jeremy Rossman
Phone
7738160379
Tax Period
2021-01-01 to 2021-12-31

RESEARCH-AID NETWORKS, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $292K in total revenue in fiscal year 2021. Revenue surged 26088% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 47% operating margin.

Mission

Organized and operated exclusively for charitable and educational purposes, Research-Aid Networks will promote effective humanitarian aid and community development by facilitating partnerships between researchers, aid organizations and local communities.

Program Service Accomplishments

Program 1
Expenses: $126,115 Revenue: $0

Communication of the importance and benefit of collaborative work to effective humanitarian aid. Communication and outreach services were provided to five COVID-19 response organizations.COVID-19...

Read more

Communication of the importance and benefit of collaborative work to effective humanitarian aid. Communication and outreach services were provided to five COVID-19 response organizations.COVID-19 communication and outreach services were provided online to the general public.

Program 2
Expenses: $12,000 Revenue: $0

Partnership creation services were performed at no cost to build six collaborative partnerships between scientists, research organizations and COVID-19 response organizations.

Program 3
Expenses: $15,327 Revenue: $0

Provision of services that enable new partners to initiate collaborative projects were performed for six collaborative partnerships at no cost between COVID-19 response and scientific/research...

Read more

Provision of services that enable new partners to initiate collaborative projects were performed for six collaborative partnerships at no cost between COVID-19 response and scientific/research organizations.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $292,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $292,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,000
Fundraising Expenses $0
Program Expenses $153,442
Other Expenses $117,457
TOTAL EXPENSES $153,457

Year-over-Year Comparison

2021 2020 Change
Revenue $292,000 $1,115 +260.9%
Expenses $153,457 $43,359 +2.5%
Net Income $138,543 $-42,244 -4.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
N/A
Employees
1
Volunteers
N/A

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
1
$0
Total Directors
3
$36,000
Key Employees
1
$36,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeremy Rossman President 50.00
Director Key Emp Highest
$36,000 $0 $36,000
Howard Rossman CFO 1
Officer Director
$0 $0 $0
Beverly Rossman Director 1
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
2021 $292,000 $153,457 $168,071 $138,543
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare RESEARCH-AID NETWORKS with other nonprofits in Illinois and across the country.