The Salk Institute for Biological Studies (EIN 952160097) - 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

1960

Legal Domicile

Phone

8584534100

Tax Period

2024-07-01 to 2025-06-30

The Salk Institute for Biological Studies, founded in 1960, is a major nonprofit in the Science & Technology sector that reported $181.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $687.0M represent 45 months of operating reserves.

Mission

BASIC RESEARCH IN THE FOLLOWING: MOLECULAR BIOLOGY & GENETICS, NEUROSCIENCE, AND PLANT BIOLOGY.

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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 $155,691,017

Program Service Revenue $0

Investment Income $25,082,213

Other Revenue $620,212

TOTAL REVENUE $181,393,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,398,700

Fundraising Expenses $5,687,417

Program Expenses $148,586,524

Other Expenses $86,492,099

TOTAL EXPENSES $176,890,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$181,393,442	$161,166,470	+0.1%
Expenses	$176,890,799	$177,229,236	0.0%
Net Income	$4,502,643	$-16,062,766	-1.3%

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

1092

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

$2,380,784

Total Directors

$2,444,963

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD JOYCE MD PHD	PRESIDENT / PROFESSOR	50.0	Officer Director	$907,583	$62,377	$969,960
MARNA C WHITTINGTON PHD	CHAIR	2.0	Officer Director	$0	$0	$0
TERRY ROSEN PHD	VICE CHAIR	2.0	Officer Director	$0	$0	$0
AMY JACOBS	TRUSTEE	0.5	Director	$0	$0	$0
BENJAMIN H LEWIS	TRUSTEE	0.5	Director	$0	$0	$0
CAROL GALLAGHER PHARMD	TRUSTEE	2.0	Director	$0	$0	$0
CHRISTIAN METALLO PHD	TRUSTEE/PROFESSOR (INCOMING APR 2025)	50.0	Director	$310,492	$59,952	$370,444
CORINNE MENTZELOPOULOS	TRUSTEE	0.5	Director	$0	$0	$0
DANIEL C LEWIS	TRUSTEE (OUTGOING NOV 2024)	0.5	Director	$0	$0	$0
DANIEL TIERNEY	TRUSTEE	0.5	Director	$0	$0	$0
DAVID DOLBY	TRUSTEE	0.5	Director	$0	$0	$0
EDWIN K HUNTER	TRUSTEE (OUTGOING NOV 2024)	0.5	Director	$0	$0	$0
ERIC SAGERMAN	TRUSTEE	2.0	Director	$0	$0	$0
FRED LUDDY	TRUSTEE	0.5	Director	$0	$0	$0
FREDERICK J DOTZLER	TRUSTEE	0.5	Director	$0	$0	$0
FREDERIK PAULSEN PHD	TRUSTEE	0.5	Director	$0	$0	$0
HAEYOUNG KONG TANG PHD	TRUSTEE	2.0	Director	$0	$0	$0
HORACIO VALEIRAS	TRUSTEE (INCOMING MAY 2025)	0.5	Director	$0	$0	$0
HOWARD H NEWMAN PHD	TRUSTEE	0.5	Director	$0	$0	$0
IRVING WEISSMAN MD	TRUSTEE	0.5	Director	$0	$0	$0
JANELLE AYRES PHD	TRUSTEE/PROFESSOR	50.0	Director	$203,498	$30,094	$233,592
JAY FLATLEY	TRUSTEE	0.5	Director	$0	$0	$0
LYN HUTTON	TRUSTEE	2.0	Director	$0	$0	$0
MARK KNICKREHM	TRUSTEE	0.5	Director	$0	$0	$0
MARKUS REINHARD	TRUSTEE	2.0	Director	$0	$0	$0
MARY JANE SALK	TRUSTEE	0.5	Director	$0	$0	$0
REUBEN SHAW PHD	TRUSTEE/PROFESSOR (OUTGOING MAR 2025)	50.0	Director	$411,517	$58,573	$470,090
RICHARD A HEYMAN PHD	TRUSTEE	2.0	Director	$0	$0	$0
SANJAY K JHA PHD	TRUSTEE	0.5	Director	$0	$0	$0
TIMOTHY M SCHOEN	TRUSTEE	2.0	Director	$0	$0	$0
WOLFGANG BUSCH PHD	TRUSTEE/PROFESSOR	50.0	Director	$340,005	$60,872	$400,877
JULIA A MILLER JD	SECRETARY/GENERAL COUNSEL	50.0	Officer	$430,675	$68,461	$499,136
KIM E WITMER	TREASURER/SVP FINANCE & ADMN (OUTGOING OCT 2024)	50.0	Officer	$446,572	$49,909	$496,481
KIMBERLY CASTILLO	CHIEF FINANCIAL OFFICER	50.0	Officer	$353,369	$61,838	$415,207
EDWARD CALLAWAY PHD	PROFESSOR	50.0	Highest	$383,288	$65,927	$449,215
FRED GAGE PHD	PROFESSOR	50.0	Highest	$453,121	$63,722	$516,843
JAN KARLSEDER PHD	PROFESSOR	50.0	Highest	$490,287	$64,146	$554,433
JERRY SHEEHAN	CHIEF INFORMATION OFFICER	50.0	Highest	$354,307	$44,255	$398,562
SUSAN KAECH PHD	PROFESSOR	50.0	Highest	$356,518	$65,789	$422,307

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	$181,393,442	$176,890,799	$836,148,506	$4,502,643
2024	$161,166,470	$177,229,236	$822,778,011	$-16,062,766
2023	$173,652,362	$167,406,834	$805,255,578	$6,245,528
2022	$162,334,440	$161,391,671	$759,827,038	$942,769
2021	$211,248,117	$148,350,987	$802,933,823	$62,897,130
2020	$168,102,957	$144,985,911	$626,803,906	$23,117,046
2019	$189,316,467	$136,990,693	$577,444,867	$52,325,774
2018	$142,581,739	$125,610,218	$521,318,368	$16,971,521

The Salk Institute for Biological Studies