Pierone Research Institute- a Wfhc Initiative Inc
Nonprofit profile at a glance
- EIN
- 844131341
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Vero Beach, FL, USA
- Phone
- 7729258200
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- AIDS Research
Reported finances
- Revenue
- $347,247
- Expenses
- $325,367
- Assets
- $536,963
- Liabilities
- $2,131
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- MARIE ANDRESS (SECRETARY/DI): $302,742 total reported compensation
- DR GERALD PIERONE (VICE CHAIR/D): $164,893 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The pierone research institute's (tpri) mission is to conduct HIV/AIDS and infectious disease research, and to contribute to the treatment of patients.
What it reported doing in 2024
The pierone research institute (tpri) provides our patients the opportunity to participate in important clinical trials, along with dr. Pierone inspired protocols, that he designed and submitted to the fda. Our team is committed to supporting ongoing research designed to aid in improving HIV treatment and ultimately discovering a cure. Some of the clinical trials we work with are sponsored by phamaceutical companies and are designed to evaluate the effectiveness of new medications for the treatment of HIV infection. Other clinical trials are focused on treatments for some of the complications of HIV and previous treatments.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 65
- Accountability: 55
- Sustainability: 50
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.1%; rating input score 79
- Program expense ratio: 84.4%; rating input score 84
- Fundraising efficiency: $564.25 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 16th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.3%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 1.65; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 13.5%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: -9.3% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -25.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 79.1% of revenue deployed · 84.4% of spending went to programs
- Governance: 2 of 4 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $275K in reported program spending
- Leadership: top reported pay $303K · 4 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 53/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.