SCHOOL FOR ADVANCED RESEARCH

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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

1942

Legal Domicile

Principal Officer

MICHAEL F BROWN

Phone

5059547200

Tax Period

2022-07-01 to 2023-06-30

SCHOOL FOR ADVANCED RESEARCH, founded in 1942, is a community nonprofit in the Social Science sector that reported $2.5M in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $4.8M exceeded revenue, resulting in a 87% operating deficit.

Mission

THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE SCHOOL'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. THE SCHOOL ADHERES TO THE POLICIES OF THE AMERICAN ALLIANCE OF MUSEUMS, WHICH DISCOURAGES THE ASSIGNMENT OF DOLLAR VALUES TO COLLECTIONS NOT INTENDED FOR SALE IN THE MARKETPLACE. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES AND ARE DESIGNATED FOR COLLECTION ACQUISITION AND CARE.

Program Service Accomplishments

Program 1

Expenses: $1,329,816 Revenue: $24,980

SCHOLAR PROGRAMS - THE ADVANCED SEMINAR PROGRAM PROVIDES OPPORTUNITIES FOR SELECT GROUPS OF SCHOLARS IN ANTHROPOLOGY AND RELATED DISCIPLINES TO MEET ON THE SAR CAMPUS AND APPRAISE RESEARCH, SHARE...

SCHOLAR PROGRAMS - THE ADVANCED SEMINAR PROGRAM PROVIDES OPPORTUNITIES FOR SELECT GROUPS OF SCHOLARS IN ANTHROPOLOGY AND RELATED DISCIPLINES TO MEET ON THE SAR CAMPUS AND APPRAISE RESEARCH, SHARE IDEAS, SYNTHESIZE RESULTS, AND DEVELOP NEW AND SIGNIFICANT PERSPECTIVES ON THE HUMAN EXPERIENCE. THE RESIDENT SCHOLAR PROGRAM PROMOTES OUTSTANDING SCHOLARSHIP IN ANTHROPOLOGY AND RELATED DISCIPLINES BY PROVIDING SCHOLARS WITH RESIDENTIAL FELLOWSHIPS SO THAT THEY CAN PREPARE MANUSCRIPTS OR COMPLETE ORIGINAL RESEARCH ON TOPICS THAT FURTHER THE UNDERSTANDING OF THE HUMAN EXPERIENCE. THE STALEY PRIZE PROMOTES EXEMPLARY RESEARCH AND WRITING IN ANTHROPOLOGY BY HONORING THE AUTHORS OF LANDMARK PUBLICATIONS THAT ADD NEW DIMENSIONS TO OUR UNDERSTANDING OF THE HUMAN SPECIES.

Program 2

Expenses: $1,074,728 Revenue: $3,899

INDIAN ARTS RESEARCH CENTER (IARC) - THE IARC WORKS TO BRIDGE THE DIVIDE BETWEEN CREATIVITY AND SCHOLARSHIP BY ADMINISTERING INITIATIVES CENTERED ON NATIVE AMERICAN STUDIES, ART HISTORY, AND CREATIVE EXPRESSION THAT ILLUMINATE THE INTERSECTIONS OF THE SOCIAL SCIENCES, HUMANITIES, AND ARTS. THIS LOFTY GOAL IS ACCOMPLISHED BY PROVIDING FELLOWSHIP AND INTERNSHIP OPPORTUNITIES FOR ARTISTS AND MUSEUM PROFESSIONALS TO ENGAGE IN UNINTERRUPTED CREATIVITY; FOSTERING DIALOGUE AMONG ARTISTS, SCHOLARS, RESEARCHERS AND COMMUNITY MEMBERS THROUGH SEMINARS AND SYMPOSIA; NURTURING FUTURE ARTS AND MUSEUM PROFESSIONALS THROUGH EXPERIENTIAL TRAINING; AND PROMOTING STUDY AND EXPLORATION OF THE IARC COLLECTION OF NATIVE AMERICAN ARTS.

Program 3

Expenses: $538,258 Revenue: $99,513

PUBLIC PROGRAMS - SEE SCHEDULE O.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,895,672

Program Service Revenue $108,776

Investment Income $429,523

Other Revenue $110,143

TOTAL REVENUE $2,544,114

Expense Breakdown

Grants Paid $180,000

Salaries & Benefits $2,378,250

Fundraising Expenses $912,437

Program Expenses $3,132,776

Other Expenses $2,194,714

TOTAL EXPENSES $4,752,964

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,544,114	$5,150,779	-0.5%
Expenses	$4,752,964	$3,950,274	+0.2%
Net Income	$-2,208,850	$1,200,505	-2.8%

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

$298,137

Total Directors

$239,642

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BROWN	PRESIDENT, DIRECTOR	40.00	Officer Director	$229,518	$10,124	$239,642
ESTEVAN RAEL-GALVEZ	DIRECTOR	1.00	Director	$0	$0	$0
KEN COLE	CHAIR	2.00	Officer Director	$0	$0	$0
ELIZABETH GLASSMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOE BRACEWELL	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN ARROYO	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEX BARKER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BERN	DIRECTOR	1.00	Director	$0	$0	$0
NED BLACKHAWK	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY BRACEY	DIRECTOR	1.00	Director	$0	$0	$0
DON BRENNIS	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA CHILD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY COLTON	DIRECTOR	1.00	Director	$0	$0	$0
JOE COLVIN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS CONNER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FOOTE	DIRECTOR	1.00	Director	$0	$0	$0
ED GALE	DIRECTOR	1.00	Director	$0	$0	$0
DONALD LAMM	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE LAMPHERE	DIRECTOR	1.00	Director	$0	$0	$0
JUNE LORENZO	DIRECTOR	1.00	Director	$0	$0	$0
ANN MORTON	DEVELOPMENT CHAIR	1.00	Director	$0	$0	$0
JOHN NIETO-PHILLIPS	AAA CHAIR	1.00	Director	$0	$0	$0
JULIE RIVERS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SABLOFF	DIRECTOR	1.00	Director	$0	$0	$0
DON SIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
GREG SMITH	GOVERNANCE CHAIR	1.00	Director	$0	$0	$0
DIANE VENNEMA	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN WALL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WAUGH	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE WITHEY	AUDIT CHAIR	1.00	Director	$0	$0	$0
DAVID YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
ALEX KALANGIS	VP FIN. AND ADMIN	40.00	Officer	$52,587	$5,908	$58,495
JORGE FONSECA	VP FIN. AND ADMIN	40.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,544,114	$4,752,964	$31,851,144	$-2,208,850
2022	$5,150,779	$3,950,274	$31,763,679	$1,200,505
2021	$7,481,830	$3,724,113	$35,302,768	$3,757,717
2020	$3,684,317	$3,639,955	$29,688,882	$44,362
2019	$3,321,789	$3,581,595	$30,778,123	$-259,806