Institute for Mental Health Research (EIN 861030444) - 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

2001

Legal Domicile

Principal Officer

Troy Garland

Phone

4807125077

Tax Period

2023-01-01 to 2023-12-31

Institute for Mental Health Research, founded in 2001, is a small nonprofit in the Mental Health sector that reported $503K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $767K exceeded revenue, resulting in a 52% operating deficit.

Mission

To be a leader in supporting mental health solutions through research. This is accomplished by providing financial assistance to scientists, educating the public on current research findings, and fostering collaboration.

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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 $503,370

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $503,370

Expense Breakdown

Grants Paid $488,569

Salaries & Benefits $113,261

Fundraising Expenses $13,074

Program Expenses $618,466

Other Expenses $151,890

TOTAL EXPENSES $766,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$503,370	$1,544,282	-0.7%
Expenses	$766,720	$798,616	0.0%
Net Income	$-263,350	$745,666	-1.4%

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
Troy Garland	Board Chair	005.00	Officer Director	$0	$0	$0
Tami Adelman	Treasurer	005.00	Officer Director	$0	$0	$0
Rita Wiese	Secretary	005.00	Officer Director	$0	$0	$0
Eric Tomlon	Director	005.00	Director	$0	$0	$0
Ayman Fanous	Director	005.00	Director	$0	$0	$0
Jordan Karp	Director	005.00	Director	$0	$0	$0
Mitzi Krockover	Director	005.00	Director	$0	$0	$0
Tasneem Doctor	Director	005.00	Director	$0	$0	$0
Maria Cholley	Director	005.00	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
2023	$503,370	$766,720	$529,956	$-263,350
2022	$1,544,282	$798,616	$797,860	$745,666
2021	$118,730	$115,014	$51,905	$3,716
2020	$57,281	$84,778	$48,188	$-27,497
2019	$19,187	$34,056	$76,939	$-14,869
2018	$1,323,911	$933,355	$214,699	$390,556

Institute for Mental Health Research