N-LOREM FOUNDATION (EIN 843288113) - Form 990 Financial Analysis & Trantor Score

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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

STANLEY T CROOKE

Phone

7603788001

Tax Period

2024-01-01 to 2024-12-31

N-LOREM FOUNDATION, founded in 2019, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $11.0M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $15.8M exceeded revenue, resulting in a 44% operating deficit.

Mission

N-LOREM'S MISSION IS CREATING INDIVIDUAL TREATMENTS FOR PATIENTS IN THE UNITED STATES WITH NANO-RARE DISEASES CAUSED BY GENETIC MUTATIONS THAT AFFECT APPROXIMATELY 30 PATIENTS IN THE WORLD.

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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 $10,882,635

Program Service Revenue $0

Investment Income $126,257

Other Revenue $0

TOTAL REVENUE $11,008,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,282,189

Fundraising Expenses $598,938

Program Expenses $13,905,982

Other Expenses $9,520,928

TOTAL EXPENSES $15,803,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,008,892	$6,864,176	+0.6%
Expenses	$15,803,117	$14,216,401	+0.1%
Net Income	$-4,794,225	$-7,352,225	-0.3%

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

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

$478,782

Total Directors

$85,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH GLASS	COO	40.00		$467,078	$14,016	$481,094
LAURY MIGNON	ExDir Clinical Dev	40.00		$326,239	$26,556	$352,795
Julie Douville	Exec Dir ASO Disc	40.00		$337,063	$4,550	$341,613
KIMBERLY BUTLER	Sr. Dir. of Op	40.00	Officer	$266,757	$21,872	$288,629
AMY WILLIFORD	SR DIR COMM/DONORS	40.00		$270,575	$17,917	$288,492
Cedrik Ngongang	Sr Dir Medical Gen	40.00		$267,124	$8,014	$275,138
Megan Knutsen	Dir Fdn & Prgm Mgt	40.00		$234,251	$12,813	$247,064
VIRGINIA SANKEY	Exc Dir Finance	40.00	Officer	$176,944	$13,209	$190,153
JOSEPH GLEESON	CMO	40.00	Director	$85,000	$0	$85,000
STANLEY T CROOKE	CHAIR/CEO	0.15	Officer Director	$0	$0	$0
ROSANNE CROOKE	Board Member	0.15	Director	$0	$0	$0
LYNNE PARSHALL	Board member	0.15	Director	$0	$0	$0
JOSEPH LOSCALZO	Board Member	0.15	Director	$0	$0	$0
C FRANK BENNETT	Board Member	0.15	Director	$0	$0	$0
GENE YEO	Board Member	0.15	Director	$0	$0	$0
JASON WOOD	Board Member	0.15	Director	$0	$0	$0
MICHAEL HAYDEN	Board Member	0.15	Director	$0	$0	$0
ALAN LOTVIN	Board Member	0.15	Director	$0	$0	$0
ANDREW W LO	Board Member	0.15	Director	$0	$0	$0
AMY MCCOOE	Board Member	0.15	Director	$0	$0	$0
FRANK SASINOWSKI	Board Member	0.15	Director	$0	$0	$0
PAUL COMPTON	Board Member	0.15	Director	$0	$0	$0
NEIL SHNEIDER	Board Member	0.15	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	$11,008,892	$15,803,117	$12,276,482	$-4,794,225
2023	$6,864,176	$14,216,401	$13,344,649	$-7,352,225
2022	$17,644,122	$8,953,463	$20,440,931	$8,690,659
2021	$2,993,351	$1,622,366	$10,417,681	$1,370,985
2020	$5,284,720	$395,655	$8,940,657	$4,889,065
2019	$4,122,962	$65,165	$4,114,000	$4,057,797

N-LOREM FOUNDATION