BARRY GOLDWATER INSTITUTE FOR PUBLIC POLICY RESEARCH (EIN 860597661) - 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

1988

Legal Domicile

Principal Officer

VICTOR RICHES

Phone

6024625000

Tax Period

2023-01-01 to 2023-12-31

BARRY GOLDWATER INSTITUTE FOR PUBLIC POLICY RESEARCH, founded in 1988, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $31.7M in total revenue in fiscal year 2023. Revenue surged 304% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.1M, a strong 76% operating margin.

Mission

THE GOLDWATER INSTITUTE DRIVES RESULTS BY WORKING DAILY IN COURTS, LEGISLATURES, AND COMMUNITIES... THE GOLDWATER INSTITUTE DRIVES RESULTS BY WORKING DAILY IN COURTS, LEGISLATURES, AND COMMUNITIES TO DEFEND AND STRENGTHEN THE FREEDOM GUARANTEED TO ALL AMERICANS IN THE CONSTITUTIONS OF THE UNITED STATES AND ALL FIFTY STATES.

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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 $30,730,984

Program Service Revenue $0

Investment Income $432,348

Other Revenue $523,039

TOTAL REVENUE $31,686,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,839,047

Fundraising Expenses $874,526

Program Expenses $6,280,649

Other Expenses $3,584,551

TOTAL EXPENSES $7,625,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,686,371	$7,843,232	+3.0%
Expenses	$7,625,402	$5,506,812	+0.4%
Net Income	$24,060,969	$2,336,420	+9.3%

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

$409,284

Total Directors

Key Employees

$208,807

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC CROWN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BARRY GOLDWATER JR	DIRECTOR	4.00	Director	$0	$0	$0
RANDY P KENDRICK	DIRECTOR	0.50	Director	$0	$0	$0
JOHN COTTON	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTOPHER GLEASON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GROVER NORQUIST	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES LAWRENCE	TREASURER	0.50	Officer Director	$0	$0	$0
TOM HATTEN	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS DUCEY	DIRECTOR	0.50	Director	$0	$0	$0
VICTOR RICHES	PRESIDENT/CEO	40.00	Officer	$266,691	$11,276	$277,967
ROGER ZETAH	CFO/CORP SECRETARY	40.00	Officer	$104,816	$26,501	$131,317
CHRISTINA SANDEFUR	EVP	40.00	Key Emp	$188,111	$20,696	$208,807
TIMOTHY SANDEFUR	VP FOR LITIGATION	40.00	Highest	$209,822	$21,606	$231,428
JONATHAN RICHES	VP FOR LITIGATION & GENERAL COUNSEL	40.00	Highest	$180,238	$7,704	$187,942
MICHAEL BROWNFIELD	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$143,014	$18,797	$161,811
HEATHER CURRY	DIRECTOR OF STRATEGIC ENGAGEMENT	40.00	Highest	$139,351	$16,750	$156,101
SCOTT FREEMAN	SENIOR ATTORNEY	40.00	Highest	$127,448	$6,124	$133,572

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	$31,686,371	$7,625,402	$38,709,912	$24,060,969
2022	$7,843,232	$5,506,812	$13,772,798	$2,336,420
2021	$6,173,408	$4,647,559	$12,275,387	$1,525,849
2020	$6,159,216	$4,031,671	$10,396,225	$2,127,545
2019	$5,624,841	$4,741,732	$9,318,184	$883,109
2018	$5,219,461	$4,375,504	$6,892,590	$843,957

BARRY GOLDWATER INSTITUTE FOR PUBLIC POLICY RESEARCH