Munster Medical Research Foundation Inc

EIN: 351107009 501(c)(3) Health Care

MUNSTER, IN

Total Revenue
$760,372,798
Total Expenses
$691,579,685
Total Assets
$334,315,700
Net Assets
$293,928,061
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
IN
Phone
2198361600
Tax Period
2024-07-01 to 2025-06-30

Munster Medical Research Foundation Inc, founded in 1964, is a major nonprofit in the Health Care sector that reported $760.4M in total revenue in fiscal year 2024. Expenses of $691.6M left a modest 9% surplus.

Mission

COMMUNITY HOSPITAL IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CARE IN THE MOST COST-EFFICIENT MANNER, RESPECTING THE DIGNITY OF THE INDIVIDUAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $322,073
Program Service Revenue $741,571,847
Investment Income $456,880
Other Revenue $18,021,998
TOTAL REVENUE $760,372,798

Expense Breakdown

Grants Paid $7,300
Salaries & Benefits $254,081,828
Fundraising Expenses $0
Program Expenses $640,797,928
Other Expenses $437,490,557
TOTAL EXPENSES $691,579,685

Year-over-Year Comparison

2024 2023 Change
Revenue $760,372,798 $729,046,531 +0.0%
Expenses $691,579,685 $666,693,122 +0.0%
Net Income $68,793,113 $62,353,409 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
9
Employees
4044
Volunteers
105

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
7
$2,537,021
Total Directors
18
$1,833,995
Key Employees
1
$470,722
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID A BOCHNOWSKI TREASURER 1.0
Officer Director
$0 $0 $29,483
DAVID E WICKLAND PRESIDENT 1.0
Officer Director
$0 $0 $84,888
DONALD C TORRENGA VICE PRESIDENT 1.0
Officer Director
$0 $0 $30,600
ERIC COMPTON DDS SECRETARY 1.0
Officer Director
$0 $0 $0
RANDY NEISWONGER ADMINISTRATOR 40.0
Officer Director
$900,665 $50,041 $950,706
AMY HAN PHD DIRECTOR 1.0
Director
$0 $0 $0
CONSTANTINE DOVELLOS DIRECTOR 1.0
Director
$0 $0 $0
FRANKIE L FESKO DIRECTOR 1.0
Director
$0 $0 $110,101
Howard marcus Director 1.0
Director
$0 $55,684 $480,730
M NABIL SHABEEB MD DIRECTOR 1.0
Director
$0 $0 $34,493
MICHAEL J MELLON DIRECTOR 1.0
Director
$0 $0 $50,000
MICHAEL PURCELL DIRECTOR 1.0
Director
$0 $0 $0
NITIN SARDESAI MD DIRECTOR 1.0
Director
$0 $0 $0
SANDI MERLO Director 1.0
Director
$0 $0 $0
STEVE PESTIKAS DIRECTOR 1.0
Director
$0 $0 $0
STEVEN G CHOVANEC DIRECTOR 1.0
Director
$0 $0 $0
THOMAS BRUBAKER DIRECTOR 1.0
Director
$0 $0 $24,994
WILLIAM A HASSE III DIRECTOR 1.0
Director
$0 $0 $38,000
DANIEL O'BRIEN VP FINANCE/CFO 40.0
Officer
$502,991 $62,591 $565,582
GREGG FERLIN SR VP AND SYSTEM CFO 0.0
Officer
$0 $42,050 $875,762
RONDA MCKAY VP & CNO 40.0
Key Emp
$441,462 $29,260 $470,722
ALEXANDER YOUNG ANESTHESIOLOGIST 40.0
Highest
$550,750 $20,140 $570,890
Irida Nikolla Anesthesiologist 40.0
Highest
$622,964 $18,777 $641,741
JULIUS GORE ANESTHESIOLOGIST 40.0
Highest
$540,886 $20,577 $561,463
LOUIS LIN ANESTHESIOLOGIST 40.0
Highest
$682,449 $43,385 $725,834
SIMONA JOFFE SIDDALL ANESTHESIOLOGIST 40.0
Highest
$625,830 $13,529 $639,359
Luis Molina Former-OFFICER 0.0
$0 $6,224 $144,524
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
2025 $760,372,798 $691,579,685 $334,315,700 $68,793,113
2024 No data No data No data No data
2023 $697,354,123 $637,952,531 $302,935,755 $59,401,592
2022 $668,139,827 $599,521,646 $290,499,484 $68,618,181
2021 $660,640,751 $572,702,751 $297,008,950 $87,938,000
2020 $590,832,399 $542,065,825 $302,295,865 $48,766,574
2019 $582,163,585 $581,269,026 $339,676,261 $894,559
2018 $565,187,109 $500,109,171 $322,770,502 $65,077,938
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