RESEARCH FOUNDATION OF THE CITY

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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

2005

Legal Domicile

Principal Officer

RALPH JOHNSTON

Phone

3132229053

Tax Period

2023-01-01 to 2023-12-31

RESEARCH FOUNDATION OF THE CITY, founded in 2005, is a mid-sized nonprofit in the Mutual Benefit sector that reported $50.4M in total revenue in fiscal year 2023. Expenses of $44.4M left a modest 12% surplus.

Mission

PROVIDE RETIREMENT MEDICAL AND DENTAL BENEFITS TO THE EMPLOYEES OF THE RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK

Program Service Accomplishments

Program 1

Expenses: $44,116,442

PROVIDE RETIREMENT MEDICAL AND DENTAL BENEFITS TO THE EMPLOYEES OF THE RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $43,716,788

Investment Income $6,634,914

Other Revenue $0

TOTAL REVENUE $50,351,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,412

Fundraising Expenses $0

Program Expenses $44,116,442

Other Expenses $948,528

TOTAL EXPENSES $44,376,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,351,702	$49,950,424	+0.0%
Expenses	$44,376,541	$37,020,890	+0.2%
Net Income	$5,975,161	$12,929,534	-0.5%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN PENROD	BOARD MEMBER	N/A	Director	$0	$0	$0
FELIX MATOS RODRIGUEZ	CHAIRPERSON	N/A	Director	$0	$0	$0
NEIL STAHL	BOARD MEMBER	N/A	Director	$0	$0	$0
XIAOLE JIANG	BOARD MEMBER	N/A	Director	$0	$0	$0
LARRY JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
LESLEY DAVENPORT	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID JERUZALMI	BOARD MEMBER	N/A	Director	$0	$0	$0
LORETTA BRANCACCIO-TARAS	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHELLE J ANDERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
KENNETH ADAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
RUTH NOEMI COLON	BOARD MEMBER	N/A	Director	$0	$0	$0
RICARDO OTHEGUY	BOARD MEMBER	N/A	Director	$0	$0	$0
AYMAN EL-MOHANDES	BOARD MEMBER	N/A	Director	$0	$0	$0
CHAUNCY LENNON	BOARD MEMBER	N/A	Director	$0	$0	$0
ABEL VALENZUELA JR	BOARD MEMBER	N/A	Director	$0	$0	$0
ROCHELLE RIVERS	BOARD MEMBER	N/A	Director	$0	$0	$0
LESELY DAVENPORT	BOARD MEMBER	N/A	Director	$0	$0	$0
WILLIAM KELLER	BOARD MEMBER	N/A	Director	$0	$0	$0
N/A	TRUSTEE	N/A		$62,198	$0	$62,198
JOSHUA C BRUMBERG	VICE-CHAIRPERSON	N/A	Officer	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$50,351,702	$44,376,541	$235,617,351	$5,975,161
2022	$49,950,424	$37,020,890	$203,825,815	$12,929,534
2021	$49,259,074	$37,301,601	$230,627,961	$11,957,473
2020	$43,821,346	$33,144,124	$218,355,792	$10,677,222
2019	$53,159,173	$38,799,196	$193,165,460	$14,359,977