PACIFIC RESEARCH INSTITUTE FOR PUB… - Form 990 Financial Data

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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

SARA C PIPES

Phone

4159890833

Tax Period

2023-01-01 to 2023-12-31

PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY, founded in 1978, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.0M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.6M, a strong 55% operating margin.

Mission

PRI CHAMPIONS FREEDOM, OPPORTUNITY, AND PERSONAL RESPONSIBILITY BY ADVANCING FREE-MARKET POLICY SOLUTIONS. THE INSTITUTE PROVIDES PRACTICAL SOLUTIONS FOR THE POLICY ISSUES THAT IMPACT THE DAILY LIVES OF ALL AMERICANS AND DEMONSTRATES WHY THE (CONTINUED ON SCHEDULE O) FREE MARKET IS MORE EFFECTIVE THAN THE GOVERNMENT AT PROVIDING THE IMPORTANT RESULTS WE ALL SEEK; GOOD SCHOOLS, QUALITY HEALTH CARE, A CLEAN ENVIRONMENT, AND A ROBUST ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $1,389,170

THE CENTER FOR HEALTH CARE EXAMINES PUBLIC POLICIES THAT AFFECT AMERICA'S HEALTH-CARE SYSTEM, EXPLAINS HOW THESE POLICIES LIMIT ACCESS TO AFFORDABLE, HIGH-QUALITY HEALTH CARE, AND PRESCRIBES REFORMS...

Program 2

Expenses: $280,796

THE CENTER FOR CALIFORNIA REFORM SEEKS TO REINVIGORATE CALIFORNIA'S ENTREPRENEURIAL, SELF-RELIANT TRADITIONS.

Program 3

Expenses: $926,466

THE CENTER FOR EDUCATION WORKS TO RESTORE TO ALL PARENTS THE BASIC RIGHT TO CHOOSE THE BEST EDUCATIONAL OPPORTUNITIES FOR THEIR CHILDREN. THROUGH RESEARCH AND GRASSROOTS OUTREACH, THE INSTITUTE'S...

THE CENTER FOR EDUCATION WORKS TO RESTORE TO ALL PARENTS THE BASIC RIGHT TO CHOOSE THE BEST EDUCATIONAL OPPORTUNITIES FOR THEIR CHILDREN. THROUGH RESEARCH AND GRASSROOTS OUTREACH, THE INSTITUTE'S SCHOLARS ADVANCE PARENTAL CHOICE IN EDUCATION, HIGH ACADEMIC STANDARDS, CHARTER SCHOOLS, TEACHER QUALITY, AND SCHOOL FINANCE REFORM.

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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 $10,899,439

Program Service Revenue $0

Investment Income $886,256

Other Revenue $249,487

TOTAL REVENUE $12,035,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,756,857

Fundraising Expenses $1,286,213

Program Expenses $3,369,056

Other Expenses $3,631,401

TOTAL EXPENSES $5,388,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,035,182	$7,129,654	+0.7%
Expenses	$5,388,258	$5,087,591	+0.1%
Net Income	$6,646,924	$2,042,063	+2.3%

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

$823,437

Total Directors

$487,934

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER C FARRELL PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARK S JUDGE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANIEL M KOLKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL OLIVER	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
RICHARD A WALLACE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSSELL A JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN M MCAVOY	BOARD SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
SALLY C PIPES	PRESIDENT & CEO	40.00	Officer Director	$473,000	$14,934	$487,934
STEVEN DENNIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE J SISKIND	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD SAMUELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL TOSETTI	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE ZANELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
ROWENA ITCHON	CHIEF OPERATING OFFICER	40.00	Officer	$321,950	$13,553	$335,503
LANCE T IZUMI	SENIOR DIRECTOR, CENTER FO	40.00	Highest	$173,250	$0	$173,250
TIMOTHY R ANAYA	VICE PRESIDENT, MARKETING	40.00	Highest	$163,500	$7,495	$170,995
BENJAMIN SMITHWICK	VICE PRESIDENT, DEVELOPMEN	40.00	Highest	$219,000	$5,971	$224,971

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	$12,035,182	$5,388,258	$30,144,966	$6,646,924
2022	$7,129,654	$5,087,591	$22,695,074	$2,042,063
2021	$7,799,578	$4,735,601	$22,104,229	$3,063,977
2020	$5,623,603	$4,448,062	$18,639,202	$1,175,541
2019	$6,107,734	$4,457,300	$17,147,946	$1,650,434
2018	$5,240,992	$3,657,441	$14,892,506	$1,583,551

PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY