Verge Research Inc
Nonprofit profile at a glance
- EIN
- 870863804
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Rye, NY, USA
- Phone
- 9172879052
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Medical Research N.E.C.
Reported finances
- Revenue
- $228,900
- Expenses
- $37,276
- Assets
- $420,090
- Liabilities
- $200,598
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- Rasha Dabash (Chair): $3,989 total reported compensation
- Wendy Sheldon (Treasurer / Secretary): $3,281 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advance health equity by generating evidence that is rooted in community-based partnerships and multi-disciplinary, creative approaches and innovations.
What it reported doing in 2024
To advance health equity by generating evidence that is rooted in community-based partnerships and multi-disciplinary, creative approaches and innovations.This is accomplished through health research.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- 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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 9
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 76
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 4.8%; rating input score 5
- Program expense ratio: 19.6%; rating input score 20
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 83.7%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 11.27; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 19.5%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 4.8% of revenue deployed · 19.6% of spending went to programs
- Governance: 4 of 4 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $7K in reported program spending
- Leadership: top reported pay $4K · 4 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 5/100.
- High — Financial Efficiency: Program expense ratio scored 20/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 20/100.