CHORD FOUNDATION (EIN 862299450) - 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

2021

Legal Domicile

Principal Officer

AMIT GARG MD

Phone

5163218543

Tax Period

2024-01-01 to 2024-12-31

CHORD FOUNDATION, founded in 2021, is a small nonprofit in the Medical Research sector that reported $190K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $85K, a strong 45% operating margin.

Mission

THE OBJECTIVE OF THE CONSORTIUM FOR HARMONIZING OUTCOMES RESEARCH IN DERMATOLOGY (CHORD) IS TO PERFORM RESEARCH THAT WILL RESULT IN ACCURATE AND STANDARDIZED MEASUREMENT OF VARIOUS ASPECTS OF DISEASE IN CLINICAL TRAILS AND IN ROUTINE PRACTICE.

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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 $159,980

Program Service Revenue $0

Investment Income $29,849

Other Revenue $0

TOTAL REVENUE $189,829

Expense Breakdown

Grants Paid $37,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,973

Other Expenses $67,552

TOTAL EXPENSES $104,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,829	$842,917	-0.8%
Expenses	$104,852	$450,781	-0.8%
Net Income	$84,977	$392,136	-0.8%

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

N/A

Employees

N/A

Volunteers

N/A

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
JOHN INGRAM	SECRETARY	N/A	Director	$0	$0	$0
GREGOR JEMEC	PRESIDENT	N/A	Director	$0	$0	$0
JOSLYN KIRBY	TREASURER	N/A	Director	$0	$0	$0
AMIT GARG MD	CHAIRPERSON	N/A	Director	$0	$0	$0
LINNEA THORLACIUS	DIRECTOR	N/A	Director	$0	$0	$0
BENTE VILLUMSEN	DIRECTOR	N/A	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	$189,829	$104,852	$973,516	$84,977
2023	$842,917	$450,781	$887,948	$392,136
2022	$340,226	$55,775	$495,812	$284,451
2021	$244,000	$32,639	$211,361	$211,361

CHORD FOUNDATION