RESEARCH FOUNDATION OF THE CITY

EIN: 020733394 Mutual Benefit

DETROIT, MI

Total Revenue
$50,351,702
Total Expenses
$44,376,541
Total Assets
$235,617,351
Net Assets
$232,491,951
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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
NY
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

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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%)

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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

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Governance

Voting Members
17
Independent Members
17
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
1
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
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
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