INSTITUTE OF MATHEMATICAL STATISTICS

EIN: 941317787 501(c)(3) Science & Technology

WAITE HILL, OH

Total Revenue
$2,943,733
Total Expenses
$2,352,063
Total Assets
$17,193,717
Net Assets
$15,168,792
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
CA
Principal Officer
ELYSE GUSTAFSON
Phone
2162952340
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE OF MATHEMATICAL STATISTICS, founded in 1935, is a community nonprofit in the Science & Technology sector that reported $2.9M in total revenue in fiscal year 2024. The organization ran a surplus of $592K, a strong 20% operating margin.

Mission

THE INSTITUTE OF MATHEMATICAL STATISTICS IS AN INTERNATIONAL (CONTINUED ON SCHEDULE O)PROFESSIONAL SOCIETY DEVOTED TO THE DEVELOPMENT AND DISSEMINATION OF THE THEORY AND APPLICATION OF STATISTICS AND PROBABILITY. ITS ACTIVITIES INCLUDE SPONSORSHIP OF JOURNALS AND OTHER SCIENTIFIC PUBLICATIONS, ORGANIZATION OF SCIENTIFIC MEETINGS AND COOPERATION WITH OTHER SCIENTIFIC 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 $85,600
Program Service Revenue $2,415,496
Investment Income $399,928
Other Revenue $42,709
TOTAL REVENUE $2,943,733

Expense Breakdown

Grants Paid $58,680
Salaries & Benefits $232,030
Fundraising Expenses $0
Program Expenses $2,147,710
Other Expenses $2,061,353
TOTAL EXPENSES $2,352,063

Year-over-Year Comparison

2024 2023 Change
Revenue $2,943,733 $2,988,511 0.0%
Expenses $2,352,063 $2,367,704 0.0%
Net Income $591,670 $620,807 0.0%
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
28
Independent Members
28
Employees
1
Volunteers
275

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
7
$216,812
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIVA ATHREYA COUNCIL MEMBER 1.00
Director
$0 $0 $0
MOULINATH BANERJEE STS EXECUTIVE EDITOR 5.00
Director
$0 $0 $0
RINA FOYGEL BARBER COUNCIL MEMBER 1.00
Director
$0 $0 $0
PAUL BOURGADE AOP EDITOR 5.00
Director
$0 $0 $0
TONY CAI PRESIDENT 10.00
Officer Director
$0 $0 $0
SOURAV CHATTERJEE COUNCIL MEMBER 1.00
Director
$0 $0 $0
JULIEN DUBEDAT AOP EDITOR 5.00
Director
$0 $0 $0
PHILIP A ERNST COUNCIL MEMBER 1.00
Director
$0 $0 $0
MARTIN HAIRER COUNCIL MEMBER 1.00
Director
$0 $0 $0
PETER HOFF EXECUTIVE SECRETARY 5.00
Officer Director
$0 $0 $0
JIASHUN JIN TREASURER 5.00
Officer Director
$0 $0 $0
MICHAEL KOSOROK PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
GABOR LUGOSI COUNCIL MEMBER 1.00
Director
$0 $0 $0
ENNO MAMMEN AOS EDITOR 5.00
Director
$0 $0 $0
DAN NORDMAN MANAGING EDITOR 1.00
Director
$0 $0 $0
IGOR PRUNSTER COUNCIL MEMBER 1.00
Director
$0 $0 $0
ANNIE QU PROGRAM SECRETARY 5.00
Officer Director
$0 $0 $0
KAVITA RAMANAN PRESIDENT-ELECT 5.00
Officer Director
$0 $0 $0
JUDITH ROUSSEAU COUNCIL MEMBER 1.00
Director
$0 $0 $0
QI-MAN SHAO AAP EDITOR 5.00
Director
$0 $0 $0
RYAN TIBSHIRANT COUNCIL MEMBER 1.00
Director
$0 $0 $0
CAROLINE UHLER COUNCIL MEMBER 1.00
Director
$0 $0 $0
JANE-LING WANG COUNCIL MEMBER 1.00
Director
$0 $0 $0
LAN WANG AOS EDITOR 5.00
Director
$0 $0 $0
HUIXIA JUDY WANT COUNCIL MEMBER 1.00
Director
$0 $0 $0
LINDA ZHAO COUNCIL MEMBER 1.00
Director
$0 $0 $0
HARRISON ZHOU COUNCIL MEMBER 1.00
Director
$0 $0 $0
JI ZHU AOAS EDITOR 5.00
Director
$0 $0 $0
ELYSE GUSTAFSON EXECUTIVE DIRECTOR 40.00
Officer
$183,357 $33,455 $216,812
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 $2,943,733 $2,352,063 $17,193,717 $591,670
2023 $2,988,511 $2,367,704 $15,039,176 $620,807
2022 $2,546,102 $2,261,742 $12,745,644 $284,360
2021 $2,453,638 $1,862,610 $14,662,135 $591,028
2020 $2,374,226 $1,876,123 $12,582,534 $498,103
2019 $2,449,129 $1,953,633 $10,847,026 $495,496
2018 $2,577,008 $1,963,954 $9,273,230 $613,054
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