HUNTINGTON MEDICAL RESEARCH INSTITUTES (EIN 951757119) - 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

1982

Legal Domicile

Principal Officer

JULIA E BRADSHER

Phone

6267954343

Tax Period

2023-10-01 to 2024-09-30

HUNTINGTON MEDICAL RESEARCH INSTITUTES, founded in 1982, is a community nonprofit in the Medical Research sector that reported $9.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $14.3M exceeded revenue, resulting in a 46% operating deficit.

Mission

HMRI ADVANCES SCIENTIFIC DISCOVERY THROUGH INNOVATIVE BIOMEDICAL RESEARCH TO IMPROVE HEALTH OUTCOMES AND INSPIRE THE NEXT GENERATION OF SCIENTISTS.

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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 $5,185,634

Program Service Revenue $151,718

Investment Income $4,239,993

Other Revenue $175,908

TOTAL REVENUE $9,753,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,630,186

Fundraising Expenses $590,651

Program Expenses $9,154,359

Other Expenses $6,620,022

TOTAL EXPENSES $14,250,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,753,253	$10,421,061	-0.1%
Expenses	$14,250,208	$14,644,962	0.0%
Net Income	$-4,496,955	$-4,223,901	+0.1%

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

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

$1,001,678

Total Directors

Key Employees

$668,771

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BABCOCK	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SUSAN E KANE	IMMEDIATE PAST BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SONIA SINGLA	VICE CHAIR & INTERIM TREASURER - AS OF 6/24	2.00	Officer Director	$0	$0	$0
CAMERON BOSWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
C JOSEPH CHANG	BOARD MEMBER - UNTIL 3/24	2.00	Director	$0	$0	$0
HILARY J FAUSETT	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES J FEMINO	BOARD MEMBER	2.00	Director	$0	$0	$0
LAWRENCE W JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL R KIMBELL	BOARD MEMBER - UNTIL 9/24	2.00	Director	$0	$0	$0
ELLEN LANSDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ALEXANDRA LEVINE	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWARD A MENA	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN L MOTHERSHEAD	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY PERUCCA	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDRA SHARP	BOARD MEMBER	2.00	Director	$0	$0	$0
UMA SHRIVASTAVA	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN C SICILIANO	BOARD MEMBER	2.00	Director	$0	$0	$0
RICK WENTZEL	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA BRADSHER	PRESIDENT AND CEO	40.00	Officer	$484,949	$33,927	$518,876
GABRIEL RINCON	CFO & TREASURER - UNTIL 8/24	40.00	Officer	$273,845	$47,455	$321,300
WENDY WELCH-KELLER	CHIEF OF STAFF, BOARD SECRETARY	40.00	Officer	$135,424	$26,078	$161,502
ROBERT KLONER	CSO, DIRECTOR CARDIOVASCULAR	40.00	Key Emp	$436,180	$11,730	$447,910
MARK DIXON	CHIEF OPERATION OFFICER	40.00	Key Emp	$195,885	$24,976	$220,861
ANJU VASUDEVAN	SCIENTIFIC DIRECTOR NEUROSCIENCE	40.00	Highest	$206,798	$31,814	$238,612
HECTOR FRAUSTO - CHIEF	INFORMATION OFFICER - UNTIL 8/24	40.00	Highest	$194,207	$31,122	$225,329
NICOLE PURCELL - SCIENTIFIC DIRECTO	OF EDU PROGRAMS & ASSOCIATE PROF	40.00	Highest	$194,917	$23,414	$218,331
ASTRID SUCHY-DICEY - CLINICAL	NEUROSCIENCE DIRECTOR	40.00	Highest	$145,229	$9,396	$154,625
JOSE JUAN ROSAS	DIRECTOR, VIVARIUM	40.00	Highest	$120,268	$24,592	$144,860

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	$9,753,253	$14,250,208	$64,324,194	$-4,496,955
2023	$10,421,061	$14,644,962	$66,349,122	$-4,223,901
2022	$9,027,604	$13,625,904	$70,090,884	$-4,598,300
2021	$16,674,865	$13,748,028	$82,259,720	$2,926,837
2020	$12,498,716	$12,003,670	$75,388,479	$495,046
2019	$9,673,440	$10,370,624	$73,805,473	$-697,184
2018	$9,415,468	$8,433,825	$73,558,859	$981,643

HUNTINGTON MEDICAL RESEARCH INSTITUTES