ANNUAL REVIEWS

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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

1934

Legal Domicile

Principal Officer

RICHARD GALLAGHER

Phone

6504934400

Tax Period

2023-01-01 to 2023-12-31

ANNUAL REVIEWS, founded in 1934, is a mid-sized nonprofit in the Science & Technology sector that reported $18.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $21.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION OF ANNUAL REVIEWS IS DEDICATED TO SYNTHESIZING AND INTEGRATING KNOWLEDGE FOR THE PROGRESS OF SCIENCE AND THE BENEFIT OF SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $13,461,407 Revenue: $15,534,177

PROGRAMS INCLUDE THE EDITING, PRODUCTION, SALES, PROMOTION AND DISTRIBUTION OF CURRENT AND FUTURE VOLUMES OF SCIENTIFIC REVIEW ARTICLES. THE PRIMARY PURPOSE IS TO STIMULATE AND ENCOURAGE THE...

PROGRAMS INCLUDE THE EDITING, PRODUCTION, SALES, PROMOTION AND DISTRIBUTION OF CURRENT AND FUTURE VOLUMES OF SCIENTIFIC REVIEW ARTICLES. THE PRIMARY PURPOSE IS TO STIMULATE AND ENCOURAGE THE ADVANCEMENT AND DEVELOPMENT OF SCIENTIFIC SCHOLARLY DISCIPLINES AND TO FOSTER RESEARCH THEREIN.

Program 2

Expenses: $2,263,845 Revenue: $261

PUBLICATION OF A FREE DIGITAL MAGAZINE WITH THE GOAL OF PRESENTING SCIENTIFIC KNOWLEDGE IN A COMPELLING AND ACCESSIBLE FASHION. ALL CONTENT IS FREE TO READ, REUSE AND BE PRESENTED AS STANDALONE...

PUBLICATION OF A FREE DIGITAL MAGAZINE WITH THE GOAL OF PRESENTING SCIENTIFIC KNOWLEDGE IN A COMPELLING AND ACCESSIBLE FASHION. ALL CONTENT IS FREE TO READ, REUSE AND BE PRESENTED AS STANDALONE MATERIALS TO PROMOTE WIDESPREAD SHARING VIA SOCIAL MEDIA. THIS PROGRAM IS CURRENTLY FUNDED BY THE GORDON AND BETTY MOORE FOUNDATION.

Program 3

Expenses: $1,302,369 Revenue: $1,438,287

HOSTING AN ANNUAL CONFERENCE OF LIBRARIANS, PUBLISHERS, ELECTRONIC RESOURCE MANAGERS, CONSULTANTS, AND VENDORS OF LIBRARY MATERIALS IN CHARLESTON, SC, IN NOVEMBER, TO DISCUSS ISSUES OF IMPORTANCE TO...

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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 $1,267,288

Program Service Revenue $0

Investment Income $303

Other Revenue $17,032,450

TOTAL REVENUE $18,300,041

Expense Breakdown

Grants Paid $18,038

Salaries & Benefits $14,122,767

Fundraising Expenses $277,399

Program Expenses $17,027,621

Other Expenses $7,144,063

TOTAL EXPENSES $21,284,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,300,041	$16,449,751	+0.1%
Expenses	$21,284,868	$18,989,322	+0.1%
Net Income	$-2,984,827	$-2,539,571	+0.2%

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

125

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

$861,347

Total Directors

$519,584

Key Employees

$1,808,303

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD GALLAGHER	PRES./EDITOR-IN-CHIEF/EX-OFFICIO DIR.	37.50	Officer Director	$465,969	$53,615	$519,584
DR KAREN S COOK	CHAIR	1.00	Officer Director	$0	$0	$0
DR SANDRA M FABER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PETER F CARPENTER	DIRECTOR	1.00	Director	$0	$0	$0
DR SUSAN T FISKE	DIRECTOR	1.00	Director	$0	$0	$0
DR STEVEN E HYMAN	DIRECTOR	1.00	Director	$0	$0	$0
DR ROGER D KORNBERG	DIRECTOR	1.00	Director	$0	$0	$0
DR ANDREW LO	DIRECTOR	1.00	Director	$0	$0	$0
DR SHARON R LONG	DIRECTOR	1.00	Director	$0	$0	$0
DR SABEEHA MERCHANT	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL E PESKIN	DIRECTOR	1.00	Director	$0	$0	$0
DR VESLA WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD N ZARE	DIRECTOR	1.00	Director	$0	$0	$0
DR HARRIET ZUCKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN MICHAEL	CFO/SECRETARY/TREASURER	37.50	Officer	$277,661	$64,102	$341,763
ANDREA LOPEZ	DIRECTOR OF SALES/PARTNERSHIP/INIT.	37.50	Key Emp	$262,178	$49,259	$311,437
JENNIFER JONGSMA	ASSOC. EDITOR-IN-CHIEF/DIR. OF PROD.	37.50	Key Emp	$247,098	$36,303	$283,401
PAUL CALVI	DIRECTOR OF TECHNOLOGY	37.50	Key Emp	$239,557	$35,205	$274,762
EVA EMERSON	EDITOR-IN-CHIEF, KNOWABLE	37.50	Key Emp	$189,180	$60,637	$249,817
LISA WUCHER	DIRECTOR OF HUMAN RESOURCES	37.50	Key Emp	$182,806	$56,907	$239,713
LIZ ALLEN	DIRECTOR OF MARCOM & STRATEGIC DEV.	37.50	Key Emp	$209,627	$29,216	$238,843
KARA MITZEL	DIRECTOR OF DEVELOPMENT	37.50	Key Emp	$175,429	$34,901	$210,330
ELAINE MIGHELL	CONTROLLER	37.50	Highest	$166,085	$56,853	$222,938
ROY MARUCUT	IT/DEVOPS MANAGER	37.50	Highest	$186,223	$29,904	$216,127
DAVID YUAN	TECHNICAL SUPPORT MANAGER	37.50	Highest	$153,563	$28,490	$182,053
KEITH LAYSON	SALES/PARTNERSHIPS/INIT. MANAGER	37.50	Highest	$141,920	$19,969	$161,889
PADMA GARNEPUDI	SENIOR APPLICATIONS PROGRAMMER	37.50	Highest	$138,882	$14,794	$153,676

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	No data	No data	No data	No data
2023	$18,300,041	$21,284,868	$5,389,125	$-2,984,827
2022	$16,449,751	$18,989,322	$5,519,153	$-2,539,571
2021	$24,175,447	$17,068,136	$5,610,700	$7,107,311
2020	$17,287,616	$16,882,000	$5,336,677	$405,616
2018	$16,316,653	$17,421,864	$5,837,223	$-1,105,211