Walsh Research Institute
Nonprofit profile at a glance
- EIN
- 800213945
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990 2019, Form 990-EZ 2024
- Location
- Naperville, IL, USA
- Phone
- 6305965095
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Health Program (Includes General Health and Wellness Promotion Services)
Reported finances
- Revenue
- $144,373
- Expenses
- $299,397
- Assets
- $96,806
- Liabilities
- $24,513
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- William Walsh (Chief Executive)
People named in this filing
- William Walsh (Chief Executive)
- John G Provenzale (Director)
- Richard S Peabody Jr (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
1. engage in research in the fields of biochemistry and molecular biology; 2. train and educate in the areas of biochemistry and advanced nutrient therapy; 3. aid or assist medical researchers and/or medical practitioners in clinical practice; 4. establish, assist in establishment of or otherwise finance research and education in the fields of autism, behavior disorders, ADHD, depression, bipolar disorders, schizophrenia, neurodegenerative diseases, and various orphan diseases; 5. promote, develop and expand awareness of the efficacy and power of individualized nutrient therapy; 6. prepare and publish information regarding research findings, clinical methods and outcomes, advanced laboratory assays, advanced treatment protocols, and the genetics, biophysics, and biochemistry of mental disorders; and 7. supplement or assist in the work of any school, college, university or institute in scientific research and the development of advanced treatment modalities.
What it reported doing in 2024
WRI directed intensive physician-training programs. This project included clinical evaluation and treatment of patients diagnosed with autism, ADHD, depression, bipolar disorder, schizophrenia, and Alzheimer's Disease.
Operating model
- Revenue model
- Earned-program. 92% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 11
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -107.4%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0.32; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.25; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 25.4%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 4% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $299K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2009 to 2024
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.