SANTA FE INSTITUTE

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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

1984

Legal Domicile

Principal Officer

DAVID KRAKAUER

Phone

5059848800

Tax Period

2023-01-01 to 2023-12-31

SANTA FE INSTITUTE, founded in 1984, is a community nonprofit in the Science & Technology sector that reported $9.2M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $46.3M exceeded revenue, resulting in a 402% operating deficit.

Mission

THE SANTA FE INSTITUTE IS A TRANSDISCIPLINARY RESEARCH COMMUNITY THAT EXPANDS THE BOUNDARIES OF SCIENTIFIC UNDERSTANDING. ITS AIM IS TO DISCOVER, COMPREHEND, AND COMMUNICATE THE COMMON FUNDAMENTAL PRINCIPLES IN COMPLEX PHYSICAL, COMPUTATIONAL, BIOLOGICAL, AND SOCIAL SYSTEMS THAT UNDERLIE MANY OF THE MOST PROFOUND PROBLEMS FACING SCIENCE AND SOCIETY TODAY.

Program Service Accomplishments

Program 1

Expenses: $10,503,643 Revenue: $1,060,268

2023 SANTA FE INSTITUTE SCIENCE ACTIVITIES AND ACCOMPLISHMENTS - 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 (2023)

Revenue Breakdown

Contributions & Grants $7,456,254

Program Service Revenue $1,060,268

Investment Income $724,918

Other Revenue $0

TOTAL REVENUE $9,241,440

Expense Breakdown

Grants Paid $45,191

Salaries & Benefits $9,180,045

Fundraising Expenses $29,800,560

Program Expenses $10,503,643

Other Expenses $37,122,824

TOTAL EXPENSES $46,348,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,241,440	$11,410,848	-0.2%
Expenses	$46,348,060	$15,398,513	+2.0%
Net Income	$-37,106,620	$-3,987,665	+8.3%

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

$794,577

Total Directors

Key Employees

$524,715

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE COLLINS	CHAIR OF THE BOARD, TRUSTEE	2.50	Director	$0	$0	$0
GARY BENGIER	TRUSTEE	0.50	Director	$0	$0	$0
ROSS BUHRDORF	TRUSTEE	0.50	Director	$0	$0	$0
JOHN CHISHOLM	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH DAVIS	TRUSTEE	0.50	Director	$0	$0	$0
FRED DOTZLER	TRUSTEE	0.50	Director	$0	$0	$0
BILL GURLEY	TRUSTEE	0.50	Director	$0	$0	$0
JOHN HAGEL III	TRUSTEE	0.50	Director	$0	$0	$0
MARI KOOI	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL MAUBOSSIN	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT MAXFIELD	TRUSTEE	0.50	Director	$0	$0	$0
IAN MCKINNON	VICE CHAIR, TRUSTEE	1.00	Director	$0	$0	$0
JOHN H MILLER	EX OFFICIO	1.00	Director	$0	$0	$0
DARLA MOORE	TRUSTEE	0.50	Director	$0	$0	$0
JERRY MURDOCK	TRUSTEE	0.50	Director	$0	$0	$0
GERRY OHRSTROM	TRUSTEE	0.50	Director	$0	$0	$0
PIERRE OMIDYAR	TRUSTEE	0.50	Director	$0	$0	$0
JAMES PALOTTA	TRUSTEE	0.50	Director	$0	$0	$0
SAM PETERS	TRUSTEE	1.00	Director	$0	$0	$0
TOBY SHANNAN	TRUSTEE	0.50	Director	$0	$0	$0
GRAHAM SPENCER	TRUSTEE	0.50	Director	$0	$0	$0
EUGENE STARK	TRUSTEE	0.50	Director	$0	$0	$0
VIJAY ULLAL	TRUSTEE	0.50	Director	$0	$0	$0
D A WALLACH	TRUSTEE	0.50	Director	$0	$0	$0
JOSH WOLFE	TRUSTEE	0.50	Director	$0	$0	$0
CORMAC MCCARTHY	TRUSTEE	0.50	Director	$0	$0	$0
JIM RUTT	TRUSTEE	0.50	Director	$0	$0	$0
DAN TIERNEY	TRUSTEE	0.50	Director	$0	$0	$0
DAVID KRAKAUER	PRESIDENT	37.50	Officer	$345,268	$56,477	$401,745
JANET GUNN	SECRETARY/VP - ADMIN	37.50	Officer	$166,140	$63,530	$229,670
SUZETTE FRONK	CHIEF FINANCIAL OFFICER	37.50	Officer	$130,805	$32,357	$163,162
JENNIFER DUNNE	VP - SCIENCE	37.50	Key Emp	$250,164	$50,990	$301,154
WILLIAM M TRACY	VP - STRATEGIC PARTNERSHIPS	37.50	Key Emp	$206,784	$16,777	$223,561
GEOFFREY WEST	DISTINGUISHED PROFESSOR	37.50	Highest	$286,913	$43,557	$330,470
MELANIE MITCHELL	PROFESSOR	37.50	Highest	$219,871	$69,470	$289,341
SIDNEY REDNER	PROFESSOR	37.50	Highest	$218,874	$41,094	$259,968
DAVID WOLPERT	PROFESSOR	37.50	Highest	$183,152	$37,889	$221,041
CRIS MOORE	PROFESSOR	37.50	Highest	$180,536	$45,072	$225,608

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	$9,241,440	$46,348,060	$51,582,043	$-37,106,620
2023	No data	No data	No data	No data
2022	$11,410,848	$15,398,513	$86,579,005	$-3,987,665
2021	$57,773,982	$12,028,658	$95,101,684	$45,745,324
2020	$12,329,573	$10,513,706	$51,200,417	$1,815,867
2019	$10,320,985	$12,511,638	$49,920,847	$-2,190,653
2018	$11,577,927	$11,950,744	$43,800,092	$-372,817