SANFORD LABORATORIES FOR INNOVATIVE MEDICINES

EIN: 873910792 501(c)(3) Arts, Culture & Humanities

SAN DIEGO, CA

Total Revenue
$12,779,638
Total Expenses
$7,949,869
Total Assets
$20,157,004
Net Assets
$15,414,572
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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
CA
Principal Officer
KRISTIINA VUORI
Phone
8583265227
Tax Period
2024-01-01 to 2024-12-31

SANFORD LABORATORIES FOR INNOVATIVE MEDICINES, founded in 2021, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.8M in total revenue in fiscal year 2024. The organization ran a surplus of $4.8M, a strong 38% operating margin.

Mission

SANFORD LABS IS A NOT-FOR-PROFIT PUBLIC BENEFIT BIOMEDICAL RESEARCH ORGANIZATION WITH A MISSION TO DISCOVER AND DELIVER NEXT-GENERATION PRECISION MEDICINES TO IMPROVE THE LIVES OF PATIENTS IN NEED. SANFORD LABS' GOAL IS TO EXPEDITE THE TRANSLATION OF SCIENTIFIC DISCOVERIES TO NOVEL MEDICINES BY LEVERAGING AN OPERATIONAL MODEL THAT IS DISTINCT FROM OTHER ACADEMIC AND NOT FOR-PROFIT ORGANIZATIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,000,000
Program Service Revenue $0
Investment Income $779,638
Other Revenue $0
TOTAL REVENUE $12,779,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,903,348
Fundraising Expenses $0
Program Expenses $6,084,668
Other Expenses $4,046,521
TOTAL EXPENSES $7,949,869

Year-over-Year Comparison

2024 2023 Change
Revenue $12,779,638 $12,532,763 +0.0%
Expenses $7,949,869 $3,933,217 +1.0%
Net Income $4,829,769 $8,599,546 -0.4%
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

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Governance

Voting Members
3
Independent Members
2
Employees
33
Volunteers
2

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
3
$418,142
Total Directors
3
$69,389
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIINA VUORI MD PHD PRESIDENT/BOARD MEMBER 6.00
Officer Director
$69,389 $0 $69,389
KNOX BELL SECRETARY/BOARD MEMBER 1.00
Officer Director
$0 $0 $0
EDWARD HOLMES MD CHAIR 1.00
Director
$0 $0 $0
MICHAEL DOLLAR CFO 40.00
Officer
$323,120 $25,633 $348,753
WENHAO JIN GROUP LEADER 40.00
Highest
$168,693 $18,752 $187,445
JASON KREISBERG ASSOCIATE DIRECTOR, SS&P 40.00
Highest
$153,472 $15,982 $169,454
DANIEL A LORENZ GROUP LEADER 40.00
Highest
$166,673 $13,173 $179,846
SVEN SEBASTIAN J MARKMILLER GROUP LEADER & STRATEGY ADVISOR 40.00
Highest
$189,669 $29,328 $218,997
CONNIE MARTINEZ HUMAN RESOURCES DIRECTOR 40.00
Highest
$157,583 $27,257 $184,840
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
2025 No data No data No data No data
2024 $12,779,638 $7,949,869 $20,157,004 $4,829,769
2023 $12,532,763 $3,933,217 $26,076,643 $8,599,546
2022 $2,001,082 $15,825 $12,004,057 $1,985,257
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