INTERNATIONAL FOUNDATION FOR RESEARCH IN EXPERIMENTAL ECONOMICS (EIN 860879713) - 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

1997

Legal Domicile

Principal Officer

VERNON L SMITH

Phone

5209910109

Tax Period

2021-01-01 to 2021-12-31

INTERNATIONAL FOUNDATION FOR RESEARCH IN EXPERIMENTAL ECONOMICS, founded in 1997, is a micro nonprofit that reported $15K in total revenue in fiscal year 2021. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $564K exceeded revenue, resulting in a 3549% operating deficit.

Mission

SUPPORT RESEARCH AND EDUCATION IN EXPERIMENTAL ECONOMICS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $15,455

Other Revenue $0

TOTAL REVENUE $15,455

Expense Breakdown

Grants Paid $527,866

Salaries & Benefits $0

Fundraising Expenses $471

Program Expenses $539,329

Other Expenses $36,104

TOTAL EXPENSES $563,970

Year-over-Year Comparison

	2021	2020	Change
Revenue	$15,455	$53,587	-0.7%
Expenses	$563,970	$306,313	+0.8%
Net Income	$-548,515	$-252,726	+1.2%

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
CARY DECK	DIRECTOR	2.00	Director	$0	$0	$0
DIANE KAPLAN	DIRECTOR	0.30	Director	$0	$0	$0
JIM MURPHY	DIRECTOR	3.00	Director	$0	$0	$0
TUCKER ANDERSEN	DIRECTOR	0.30	Director	$0	$0	$0
VERNON SMITH	PRESIDENT/FOUNDER	3.00	Officer Director	$0	$0	$0
ROBERT GASAWAY	CHAIRMAN OF THE BOARD	3.00	Officer Director	$0	$0	$0
CANDACE SMITH	VICE PRESIDENT	3.00	Officer	$0	$0	$0
CAROL BRECKNER	TREASURER	3.00	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
2021	$15,455	$563,970	No data	$-548,515
2020	$53,587	$306,313	$635,515	$-252,726
2019	$85,503	$432,050	$913,789	$-346,547
2018	$69,983	$417,052	$1,225,780	$-347,069

INTERNATIONAL FOUNDATION FOR RESEARCH IN EXPERIMENTAL ECONOMICS