Rosalind Franklin University of Me… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1912

Legal Domicile

Phone

8475783000

Tax Period

2023-07-01 to 2024-06-30

Rosalind Franklin University of Medicine and Science, founded in 1912, is a major nonprofit that reported $137.9M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

Rosalind Franklin University of Medicine and Science is committed to serving the population through the interprofessional education of health and biomedical professionals and the discovery of knowledge dedicated to improving wellness. The University embodies the spirit of inquiry and excellence modeled by its namesake Dr. Rosalind Franklin, whose "Photo 51" was crucial to solving the structure of DNA. Recognized for its research in areas including neuroscience, brain-related diseases, inherited disorders, diabetes, obesity, and gait and balance, RFU encompasses the Chicago Medical School, College of Health Professions, College of Nursing, College of Pharmacy, School of Graduate and Postdoctoral Studies, and the Dr. William M. Scholl College of Podiatric Medicine.

Program Service Accomplishments

Program 1

Expenses: $81,033,589 Revenue: $105,055,883

INSTRUCTION - THE PRIMARY PURPOSE OF THE UNIVERSITY IS TO EDUCATE AND TRAIN MEDICAL AND OTHER HEALTHCARE PROFESSION STUDENTS. IN THE 2023-2024 ACADEMIC YEAR, RFUMS TRAINED OVER 2,000 STUDENTS.

Program 2

Expenses: $25,081,422

RESEARCH - A CORE COMPONENT OF THE UNIVERSITY'S MISSION IS THE DISCOVERY AND IMPLEMENTATION OF KNOWLEDGE. IN ADDITION TO EDUCATION OF FUTURE CLINICIANS AND SCIENTISTS, MANY UNIVERSITY FACULTY MEMBERS ENGAGE IN UNIVERSITY-FUNDED AND EXTERNALLY FUNDED RESEARCH PROJECTS. PRIMARY AREAS OF RESEARCH FOCUS INCLUDE: NEUROSCIENCES, GENETIC DISEASES, PROTEOMICS, CANCER CELL BIOLOGY, IMMUNOLOGY, INFLAMMATION, CARDIOLOGY, REGENERATION, BIOMECHANICS, HEALTHCARE DELIVERY, AND PSYCHOLOGY. EXTRAMURAL FUNDING COMES FROM THE NATIONAL INSTITUTES OF HEALTH, THE NATIONAL SCIENCE FOUNDATION, PRIVATE FOUNDATIONS SUCH AS THE CYSTIC FIBROSIS FOUNDATION AND THE ALZHEIMER'S ASSOCIATION AND FROM ORGANIZATIONS SUCH AS THE LAKE COUNTY HEALTH DEPARTMENT.

Program 3

Expenses: $6,264,223 Revenue: $8,238,981

PATIENT CARE - THE UNIVERSITY UTILIZES EXISTING LABORATORY FACILITIES AND PERSONNEL TO PROCESS GENERAL LAB TESTS AND SPECIALIZED LAB TESTS FOR REPRODUCTIVE IMMUNOLOGY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,915,728

Program Service Revenue $116,622,657

Investment Income $4,626,756

Other Revenue $1,754,443

TOTAL REVENUE $137,919,584

Expense Breakdown

Grants Paid $7,490,845

Salaries & Benefits $93,005,330

Fundraising Expenses $2,905,878

Program Expenses $119,530,435

Other Expenses $47,057,687

TOTAL EXPENSES $147,553,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,919,584	$145,566,597	-0.1%
Expenses	$147,553,862	$141,144,432	+0.0%
Net Income	$-9,634,278	$4,422,165	-3.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1648

Volunteers

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

$1,730,224

Total Directors

$1,227,926

Key Employees

$2,053,430

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Karen Miller	Vice Chair (Through June 2024)/Chair (Beg June 2024)/Trustee	2.0	Officer Director	$0	$0	$0
Dr Kimberley Darey	Vice Chair (as of June 2024)/Trustee	2.0	Officer Director	$0	$0	$0
Dr Lee Sacks	Chair (Through June 2024)/Secretary (Beg June 2024)/Trustee	2.0	Officer Director	$0	$0	$0
Dr Wendy Rheault	President & CEO	38.0	Officer Director	$976,435	$53,278	$1,029,713
Martin Manning	Treasurer (Beg June 2024)/Trustee	2.0	Officer Director	$0	$0	$0
Sandra Bruce	Secretary/Trustee (Through June 2024)	2.0	Officer Director	$0	$0	$0
Alan Weinstein	Trustee (Through June 2024)	1.0	Director	$0	$0	$0
Dr Adam Fleischer	Trustee (Through June 2024)/Faculty	40.0	Director	$138,507	$59,706	$198,213
Dr Allan Cohen	Trustee (Through June 2024)	1.0	Director	$0	$0	$0
Dr Cheryl Kraff-Cooper	Trustee (Through September 2023)	1.0	Director	$0	$0	$0
Dr David Kalsbeek	Trustee (as of June 2024)	1.0	Director	$0	$0	$0
DR Don Coulter	Trustee (as of June 2024)	1.0	Director	$0	$0	$0
Dr John Grady	Trustee	1.0	Director	$0	$0	$0
Dr Matthew Primack	Trustee (as of June 2024)	1.0	Director	$0	$0	$0
DR Neil Bradbury	Trustee (as of June 2024)	1.0	Director	$0	$0	$0
Dr Seema Bhatia	Trustee	1.0	Director	$0	$0	$0
Elizabeth Coulson	Trustee (Through September 2023)	1.0	Director	$0	$0	$0
Ernest Vasseur	Trustee	1.0	Director	$0	$0	$0
Maria Clarke	Trustee	1.0	Director	$0	$0	$0
Rosalind Franklin	Trustee (Through September 2023)	1.0	Director	$0	$0	$0
Bruce Jefferson	Asst Secretary/General Counsel	40.0	Officer	$213,404	$48,613	$262,017
Gavin Farry	EVP of Finance & Admin, CFO	38.0	Officer	$381,217	$57,277	$438,494
Dr Archana Chatterjee	Dean & VP of Medical Affairs	40.0	Key Emp	$615,481	$65,655	$681,136
Dr Nancy Parsley	Provost	40.0	Key Emp	$447,055	$42,693	$489,748
Dr Ronald Kaplan	EVP Research & Vice Dean Research, CMS	40.0	Key Emp	$407,389	$72,830	$480,219
Lee Concha	EVP Univ. Strategies & Chief of Staff	40.0	Key Emp	$353,666	$48,661	$402,327
Dr Frank Maldonado	Executive Chair, Clinical Sciences	40.0	Highest	$431,106	$13,741	$444,847
Dr Jeanette Morrison	Vice Dean, MedEd & Exec Vice Dean, CMS	40.0	Highest	$372,625	$74,031	$446,656
Dr Nutan Atre-Vaidya	Vice Dean, Discipline Chair	40.0	Highest	$346,076	$66,348	$412,424
Dr Stephanie Wu	Dean	40.0	Highest	$359,163	$77,241	$436,404
DR Suzue Kimiko	Discipline Chair & Education Director	40.0	Highest	$314,977	$57,155	$372,132

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	No data	No data	No data	No data
2024	$137,919,584	$147,553,862	$308,777,224	$-9,634,278
2023	$145,566,597	$141,144,432	$309,593,932	$4,422,165
2022	$136,401,010	$133,390,877	$309,403,067	$3,010,133
2021	$130,066,998	$123,304,677	$321,942,163	$6,762,321
2020	$124,906,476	$127,635,514	$289,254,629	$-2,729,038
2019	$118,886,818	$119,088,954	$289,286,678	$-202,136
2018	$118,948,615	$119,880,315	$247,271,064	$-931,700

Rosalind Franklin University of Medicine and Science