FRIENDS OF RESEARCH4LIFE INC (EIN 853005032) - Form 990 Financial Analysis & Trantor Score

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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

MICHAEL OLDHAM

Phone

7819964901

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF RESEARCH4LIFE INC, founded in 2020, is a small nonprofit in the International Affairs sector that reported $312K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $377K exceeded revenue, resulting in a 21% operating deficit.

Mission

FRIENDS OF RESEARCH4LIFE'S PRIMARY MISSION IS TO FUND INITIATIVES FOR RESEARCH4LIFE, WHICH PROVIDES LOW/NO-COST ACCESS TO SCIENTIFIC AND PEER-REVIEWED RESEARCH INFORMATION FOR THE LOWEST 120 ECONOMIC COUNTRIES IN THE WORLD.

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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 $311,948

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $311,948

Expense Breakdown

Grants Paid $339,371

Salaries & Benefits $0

Fundraising Expenses $24,455

Program Expenses $344,198

Other Expenses $13,923

TOTAL EXPENSES $377,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,948	$2,923,719	-0.9%
Expenses	$377,294	$2,889,708	-0.9%
Net Income	$-65,346	$34,011	-2.9%

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
RICHARD GEDYE	PRESIDENT	5	Officer Director	$0	$0	$0
MICHAEL OLDHAM	TREASURER	15	Officer Director	$0	$0	$0
MARK SEELEY	SECRETARY	5	Officer Director	$0	$0	$0
CHARLOTTE MASIELLO	BOARD MEMBER	2	Director	$0	$0	$0
ANDREA POWELL	BOARD MEMBER	2	Director	$0	$0	$0
DAISY SELEMATSELA	BOARD MEMBER	2	Director	$0	$0	$0
JAMES PERHAM-MARCHANT	BOARD MEMBER	2	Director	$0	$0	$0
AMB DR OYEDOKUN OYEWOLE	BOARD MEMBER	2	Director	$0	$0	$0
JARON PORCIELLO	BOARD MEMBER	2	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
2024	$311,948	$377,294	$73,612	$-65,346
2023	$2,923,719	$2,889,708	$138,958	$34,011
2022	$704,481	$673,001	$104,947	$31,480

FRIENDS OF RESEARCH4LIFE INC