CALIF INSTITUTE FOR MEDICAL RESEAR… - 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

1963

Legal Domicile

Principal Officer

FRED HJELMESET

Phone

6503865634

Tax Period

2024-01-01 to 2024-12-31

CALIF INSTITUTE FOR MEDICAL RESEARCH, founded in 1963, is a micro nonprofit in the Medical Research sector that reported $114K in total revenue in fiscal year 2024.

Mission

The California Institute for Medical Research worked to further extend the frontiers of our medical knowledge and create a healthier future for mankind by attracting the best investigators and teachers to its facilities, by bringing the latest technological advances to regional medicine, by providing a location where researchers are able to build their own independent research programs, by supporting the county. The organization filed a Chapter 7 bankruptcy petition on 12/19/23.

Program Service Accomplishments

Program 1

Expenses: $263,833

CIMR researchers have made major contributions. These have included: improving the treatment of fungal diseases such as Valley Fever, prevention of recurrent heart attack and stroke, initiation of a...

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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 $0

Investment Income $-217,824

Other Revenue $103,754

TOTAL REVENUE $-114,070

Expense Breakdown

Grants Paid $263,832

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,833

Other Expenses $50,212

TOTAL EXPENSES $314,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-114,070	N/A	N/A
Expenses	$314,044	$759,516	-0.6%
Net Income	$-428,114	$-759,516	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED HJELMESET	Trustee	2.00	Officer 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
2024	$-114,070	$314,044	$114,307	$-428,114
2023	No data	$759,516	$258,730	No data
2022	$615,358	$801,360	$1,101,764	$-186,002
2021	$639,157	$885,975	$1,481,643	$-246,818
2020	$755,039	$849,220	$1,741,930	$-94,181
2019	$854,604	$901,201	$1,868,861	$-46,597
2018	$767,504	$916,495	$1,901,383	$-148,991

CALIF INSTITUTE FOR MEDICAL RESEARCH