Heffter Research Institute Inc

EIN: 850414512 501(c)(3)

Santa Fe, NM

Total Revenue
$1,001
Total Expenses
$1,488
Total Assets
N/A
Net Assets
N/A
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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
1993
Legal Domicile
NM
Principal Officer
George Greer
Phone
2035547725
Tax Period
2021-01-01 to 2021-06-30

Heffter Research Institute Inc, founded in 1993, is a micro nonprofit that reported $1K in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 49% operating deficit.

Mission

Scientific research to relieve suffering and to understand the human mind.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

Since its inception, HRI has been helping to design, review, and fund the leading studies on psilocybin at prominent research institutions in the United States and Europe. During 2020, the...

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Since its inception, HRI has been helping to design, review, and fund the leading studies on psilocybin at prominent research institutions in the United States and Europe. During 2020, the Organization established a successor organization in Delaware and began transitioning assets and operations to that organization. As of June 30, 2021, the Organization had completed that merger and discontinued operations. See also Part III, Line 4 and Schedule N.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $1,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,488
TOTAL EXPENSES $1,488

Year-over-Year Comparison

2021 2020 Change
Revenue $1,001 $100,336 -1.0%
Expenses $1,488 $95,900 -1.0%
Net Income $-487 $4,436 -1.1%
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
12
Independent Members
11
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
5
$33,307
Total Directors
12
$33,307
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George Greer Chair 0.00
Officer Director
$0 $0 $33,307
Mark A Geyer PhD Director 0.00
Director
$0 $0 $0
Roland Griffiths PhD Director 0.00
Director
$0 $0 $0
Charles S Grob MD Director 0.00
Director
$0 $0 $0
Dennis J McKenna PhD Director 0.00
Director
$0 $0 $0
Janis Phelps Director 0.00
Director
$0 $0 $0
T Cody Swift Director 0.00
Director
$0 $0 $0
Franz X Vollenweider MD Director 0.00
Director
$0 $0 $0
Carey Turnbull President 0.00
Officer Director
$0 $0 $0
David E Nichols PhD Vice President 0.00
Officer Director
$0 $0 $0
Claudia Turnbull Secretary 0.00
Officer Director
$0 $0 $0
William A Linton Treasurer 0.00
Officer 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
2021 $1,001 $1,488 No data $-487
2020 $100,336 $95,900 $34,865 $4,436
2019 $646,854 $654,281 $1,668,691 $-7,427
2018 $3,011,672 $2,947,385 $2,233,050 $64,287
2018 $2,935,988 $2,967,385 $2,149,038 $-31,397
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