Heritage Medical Research Institute
Bakersfield, California
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 5 peers in Medical Research with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,769,007↓86% | $7,254,324↓11% | $222,526,682↓1% | — |
| 2022 | $12,358,037↓55% | $8,121,488↑6% | $224,317,324↓6% | — |
| 2021 | $27,561,662↓64% | $7,637,030↑57% | $238,934,185↑22% | — |
| 2020 | $75,867,622↑3780% | $4,876,483↓2% | $196,179,172↑51% | — |
| 2019 | $1,955,424↓69% | $4,989,829↓23% | $130,137,470↓2% | — |
| 2018 | $6,254,834↓68% | $6,470,943↑66% | $132,784,288↑5% | — |
| 2017 | $19,350,245↓48% | $3,888,630↑20% | $126,922,536↑28% | — |
| 2016 | $37,377,983↑189% | $3,251,378↑91% | $99,480,438↑16% | — |
| 2015 | $12,915,831↑62% | $1,706,090↑36% | $85,864,806↑5% | — |
| 2014 | $7,955,757↑22% | $1,254,735↑51% | $81,655,996↑13% | — |
| 2013 | $6,496,190↓9% | $828,372↑5% | $72,421,206↑20% | — |
| 2012 | $7,154,029↓47% | $786,903↑43% | $60,380,675↑17% | — |
| 2011 | $13,498,384 | $549,149 | $51,475,361 | — |
Frequently Asked Questions
What does Heritage Medical Research Institute do?▼
Heritage Medical Research Institute is a medical research nonprofit organization based in California. It is classified under NTEE code H43 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Heritage Medical Research Institute financially healthy?▼
Based on our 9-metric Financial Health Score model, Heritage Medical Research Institute has a score of 63/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Heritage Medical Research Institute generate?▼
Heritage Medical Research Institute reports $19.0M in annual revenue and holds $253.3M in total assets, based on IRS filings.
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