NEW SCIENCE RESEARCH INC

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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

2021

Legal Domicile

Principal Officer

ALEXEY GUZEY

Phone

2036154313

Tax Period

2022-01-01 to 2022-12-31

NEW SCIENCE RESEARCH INC, founded in 2021, is a small nonprofit in the Education sector that reported $793K in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 56% operating deficit.

Mission

TO FACILITATE SCIENTIFIC BREAKTHROUGHS BY EMPOWERING THE NEXT GENERATION OF SCIENTISTS AND BUILDING THE 21ST CENTURY INSTITUTIONS OF BASIC SCIENCE.

Program Service Accomplishments

Program 1

Expenses: $577,065

ONE-YEAR FELLOWSHIPS: NEW SCIENCE PROVIDED 12-MONTH FELLOWSHIPS FOR TALENTED YOUNG SCIENTISTS TO PURSUE AMBITIOUS, EARLY-STAGE IDEAS IN THE BASIC LIFE SCIENCES. EACH FELLOW RECEIVED A STIPEND...

ONE-YEAR FELLOWSHIPS: NEW SCIENCE PROVIDED 12-MONTH FELLOWSHIPS FOR TALENTED YOUNG SCIENTISTS TO PURSUE AMBITIOUS, EARLY-STAGE IDEAS IN THE BASIC LIFE SCIENCES. EACH FELLOW RECEIVED A STIPEND, PROJECT FUNDING, HEALTHCARE COVERAGE, ACCESS TO NEW SCIENCE'S NETWORK OF SCIENTISTS, AND CUSTOMIZED SUPPORT. THE GOAL WAS TO GIVE FELLOWS MAXIMAL LEVERAGE TO ADVANCE HIGH-POTENTIAL, PRE-PARADIGMATIC RESEARCH.SUMMER FELLOWSHIPS: NEW SCIENCE PROVIDED A FULLY-FUNDED SUMMER RESEARCH FELLOWSHIP FOR YOUNG SCIENTISTS TO PURSUE PROOF-OF-CONCEPT RESEARCH PROJECTS BASED ON EARLY-STAGE IDEAS THAT WOULD BE DIFFICULT TO FUND THROUGH TRADITIONAL GRANTS. IN 2022, THERE WERE 6 FELLOWS WHO WORKED ON PROJECTS RANGING FROM RECREATING FUNCTIONAL CHLOROPLASTS TO DEVELOPING THERAPEUTICS FOR SARS VIRUSES. THE GOAL WAS TO GIVE FELLOWS INDEPENDENCE TO EXPAND THEIR RESEARCH AMBITIONS AND LEARN ABOUT ALTERNATIVE RESEARCH STRUCTURES.

Program 2

Expenses: $1,300

PUBLISHED METASCIENCE RESEARCHA. IN 2022, NEW SCIENCE PUBLISHED A METASCIENCE RESEARCH REPORT, "NEW SCIENCE'S REPORT ON THE NIH" WRITTEN BY MATT FAHERTY TO UNDERSTAND THEIR OPERATIONS, INCENTIVES...

PUBLISHED METASCIENCE RESEARCHA. IN 2022, NEW SCIENCE PUBLISHED A METASCIENCE RESEARCH REPORT, "NEW SCIENCE'S REPORT ON THE NIH" WRITTEN BY MATT FAHERTY TO UNDERSTAND THEIR OPERATIONS, INCENTIVES, AND IMPACT ON SCIENTIFIC PROGRESS. THE EXTENSIVE REPORT EXAMINED ISSUES WITH THE NIH EXTRAMURAL GRANT PROCESS, STUDY SELECTIONS, FUNDING ALLOCATION, POLITICAL INFLUENCES, AND PROPOSED REFORMS. THE GOAL WAS TO ACCELERATE SCIENTIFIC PROGRESS THROUGH INSTITUTIONAL ANALYSIS AND CRITIQUE. B. ELLIOT HERSHBERG WROTE AN ANALYSIS TITLED, "HOW SOFTWARE IN THE LIFE SCIENCES ACTUALLY WORKS (AND DOESN'T WORK)" THAT WAS PUBLISHED BY NEW SCIENCE IN 2022 EXAMINING HOW SOFTWARE IS DEVELOPED AND FUNDED IN THE LIFE SCIENCES. HE FOUND THAT MOST LIFE SCIENCES SOFTWARE IS DEVELOPED BY ACADEMIC LABS, SUFFERS FROM LACK OF FUNDING AND INCENTIVES FOR MAINTENANCE, AND RESULTS IN A LARGE NUMBER OF UNUSABLE TOOLS. HE PROPOSED NEW FUNDING MODELS LIKE FOCUSED RESEARCH ORGANIZATIONS AND PRIVATE ARPAS TO ENABLE TEAMS OF PROFESSIONAL ENGINEERS TO BUILD HIGHER-QUALITY SYSTEMS. THE GOAL WAS TO HIGHLIGHT CHALLENGES IN THE CURRENT ECOSYSTEM AND EXPLORE ALTERNATIVE STRUCTURES TO IMPROVE BIOLOGICAL SOFTWARE.

Program 3

Expenses: $367,125

ORGANIZATIONAL SUPPORT FOR RESEARCH FELLOWSHIPS AND OTHER ACTIVITIES, IN-HOUSE RESEARCH, ETC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,325,938

Program Service Revenue $0

Investment Income $-532,537

Other Revenue $0

TOTAL REVENUE $793,401

Expense Breakdown

Grants Paid $577,065

Salaries & Benefits $375,748

Fundraising Expenses $40,774

Program Expenses $945,490

Other Expenses $287,796

TOTAL EXPENSES $1,240,609

Year-over-Year Comparison

	2022	2021	Change
Revenue	$793,401	$1,584,875	-0.5%
Expenses	$1,240,609	$177,708	+6.0%
Net Income	$-447,208	$1,407,167	-1.3%

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

$125,638

Total Directors