ICHOR RESEARCH INSTITUTE INC (EIN 844001770) - 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

GREG GRINBERG

Phone

2032000014

Tax Period

2023-01-01 to 2023-12-31

ICHOR RESEARCH INSTITUTE INC, founded in 2019, is a community nonprofit in the Medical Research sector that reported $4.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $5.8M exceeded revenue, resulting in a 35% operating deficit.

Mission

ORGANIZATION'S PURPOSE IS TO CONDUCT BIOMEDICAL RESEARCH, STUDYING FUNDAMENTAL MECHANISMS OF AGING WITH A FOCUS ON TRANSLATIONAL INITIATIVES. THE ORGANIZATION PROVIDES RESEARCH PROJECTS, EDUCATIONAL PROGRAMS AND SCIENTIFIC PRESENTATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,333,456

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,333,456

Expense Breakdown

Grants Paid $1,235,000

Salaries & Benefits $143,750

Fundraising Expenses $68,106

Program Expenses $5,294,981

Other Expenses $4,469,606

TOTAL EXPENSES $5,848,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,333,456	$3,705,411	+0.2%
Expenses	$5,848,356	$464,620	+11.6%
Net Income	$-1,514,900	$3,240,791	-1.5%

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

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

$89,375

Total Directors

$134,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG GRINBERG	EXECUTIVE CHAIR	40.00	Officer Director	$50,000	$0	$50,000
PATRICIA NICKLIN	FORMER SECRETARY	40.00	Officer Director	$39,375	$0	$39,375
MARTIN O'DEA	FORMER BOARD MEMBER	20.00	Director	$45,000	$0	$45,000
CHRIS AGRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
QADIR BHUTTA	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$4,333,456	$5,848,356	$1,397,421	$-1,514,900
2022	$3,705,411	$464,620	$3,319,151	$3,240,791
2019	$375,000	No data	$375,000	No data

ICHOR RESEARCH INSTITUTE INC