INSTITUTE FOR LIFE CHANGING MEDICINES INC

EIN: 845046384 501(c)(3) Medical Research

PHILADELPHIA, PA

Total Revenue
N/A
Total Expenses
$25,856
Total Assets
$882,673
Net Assets
$-50,222
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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
DE
Principal Officer
JAMES M WILSON
Phone
2039181058
Tax Period
2024-01-01 to 2024-12-31

Mission

A WORLD FREE FROM DEVASTATING GENETIC DISEASES.

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
8

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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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