SEROLOGICAL RESEARCH INSTITUTE (EIN 942520402) - 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

1978

Legal Domicile

Principal Officer

GARY C HARMOR

Phone

5102237374

Tax Period

2024-08-01 to 2025-07-31

SEROLOGICAL RESEARCH INSTITUTE, founded in 1978, is a community nonprofit in the Crime & Legal sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

The Serological Research Institute's (SERI) mission is to promote research and development in forensic serology and to provide the highest quality of scientific analysis and consultation. SERI also provides technical support and training to those in the forensic community.

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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 $0

Program Service Revenue $2,777,584

Investment Income $27,062

Other Revenue $128,013

TOTAL REVENUE $2,932,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,800,045

Fundraising Expenses $0

Program Expenses $2,550,168

Other Expenses $1,286,117

TOTAL EXPENSES $3,086,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,932,659	$3,272,073	-0.1%
Expenses	$3,086,162	$2,882,651	+0.1%
Net Income	$-153,503	$389,422	-1.4%

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

Governance

Voting Members

Independent Members

Employees

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

$654,917

Total Directors

$433,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY C HARMOR	President & CEO	40.00	Officer Director	$241,032	$2,124	$243,156
ANGELA BUTLER	Lab Mgr & SO	40.00	Officer	$220,800	$577	$221,377
Ledia M McVeigh	Treasurer & CFO	40.00	Officer Director	$173,550	$16,834	$190,384
JAMES P HOPPER	TECHNICAL LEADER	40.00		$133,619	$13,136	$146,755
TESSI SHERRIN	FORENSIC DNA A II	40.00		$105,252	$9,671	$114,923
ZACHARY M LANCH	FORENSIC DNA A II	40.00		$106,725	$6,977	$113,702
MALLORY H PAGENKOPF	FORENSIC DNA A III	40.00		$105,332	$7,416	$112,748
Ian Wong	Director	1.00	Director	$0	$0	$0
DAVID STOCKWELL	Director	1.00	Director	$0	$0	$0
THOMAS FEDOR	Director	1.00	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
2025	$2,932,659	$3,086,162	$2,502,240	$-153,503
2024	$3,272,073	$2,882,651	$2,096,052	$389,422
2022	$2,627,892	$2,348,311	$1,542,393	$279,581
2021	$2,211,631	$1,971,580	$1,436,962	$240,051
2020	$1,631,824	$1,744,299	$1,147,545	$-112,475
2019	$1,804,042	$1,712,939	$1,058,078	$91,103
2018	$1,791,133	$1,599,199	$995,795	$191,934

SEROLOGICAL RESEARCH INSTITUTE