INSTITUTE FOR LIFE CHANGING MEDICI… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

JAMES M WILSON

Phone

2039181058

Tax Period

2024-01-01 to 2024-12-31

Mission

THE ORGANIZATION'S MISSION IS TO DEVELOP THERAPIES FOR DISEASES THAT FOR-PROFIT, COMMERCIAL DEVELOPERS DEEM TOO RARE, AND THEREFORE NOT COMMERCIALLY VIABLE TO DEVELOP, AND TO PROVIDE ACCESS TO THESE THERAPIES TO ALL PATIENTS IN NEED.

Program Service Accomplishments

Program 1

Expenses: $4,869

BRING TRANSFORMATIVE MEDICINES TO PEOPLE SUFFERING AND ELIMINATE ALL BARRIERS TO ACCESS.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,869

Other Expenses $25,856

TOTAL EXPENSES $25,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$25,856	$58,208	-0.6%
Net Income	N/A	$-58,208	N/A

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
ALEXANDER KARNAL OFF 1124	CHAIRMAN, CEO	0.10	Officer Director	$0	$0	$0
JULIAN HARRIS MD	DIRECTOR	0.10	Director	$0	$0	$0
MONIQUE MOLLOY	DIRECTOR	0.10	Director	$0	$0	$0
JUDITH LEA SWAIN MD	DIRECTOR	0.10	Director	$0	$0	$0
JAMES M WILSON MD PHD ON 0124	PRESIDENT, FORMER CHIEF SCIENTIFIC OFFICER	0.10	Officer	$0	$0	$0
BRYAN SENDROWSKI	CFO	0.10	Officer	$0	$0	$0
LAWRENCE ATINSKY	CHIEF OPERATING OFFICER	0.10	Officer	$0	$0	$0
ANSHUL MANGAL	CHIEF STRATEGY OFFICER	0.10	Officer	$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	$25,856	$882,673	No data
2023	No data	$58,208	$908,529	No data
2022	$143	$308,147	$966,737	$-308,004
2021	$100,339	$767,282	$990,626	$-666,943
2020	$1,047,521	$38,732	$1,008,789	$1,008,789

INSTITUTE FOR LIFE CHANGING MEDICINES INC