THE MPN RESEARCH FOUNDATION

EIN: 364330967 501(c)(3) Medical Research

CHICAGO, IL

Total Revenue
$3,585,445
Total Expenses
$3,761,976
Total Assets
$8,023,668
Net Assets
$6,769,317
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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
1999
Legal Domicile
IL
Principal Officer
KAPILA VIGES
Phone
3126837228
Tax Period
2024-01-01 to 2024-12-31

THE MPN RESEARCH FOUNDATION, founded in 1999, is a community nonprofit in the Medical Research sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE, FUND, AND SUPPORT RESEARCH INTO CAUSES, TREATMENTS AND CURE FOR ET, PV AND MF.

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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 $3,360,682
Program Service Revenue $0
Investment Income $222,274
Other Revenue $2,489
TOTAL REVENUE $3,585,445

Expense Breakdown

Grants Paid $599,634
Salaries & Benefits $1,325,128
Fundraising Expenses $409,523
Program Expenses $3,099,587
Other Expenses $1,837,214
TOTAL EXPENSES $3,761,976

Year-over-Year Comparison

2024 2023 Change
Revenue $3,585,445 $2,452,924 +0.5%
Expenses $3,761,976 $3,258,016 +0.2%
Net Income $-176,531 $-805,092 -0.8%
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
11
Independent Members
11
Employees
12
Volunteers
11

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
4
$466,522
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA VAN HUSEN PRESIDENT 30.00
Officer Director
$0 $0 $0
DAVID BOULE TREASURER 5.00
Officer Director
$0 $0 $0
PAMELA MURPHY DIRECTOR 2.00
Director
$0 $0 $0
REBECCA SHAPIRO DIRECTOR 2.00
Director
$0 $0 $0
ED BARTHOLEMY DIRECTOR 2.00
Director
$0 $0 $0
SAM KLEPPER DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE CINDRIC DIRECTOR 2.00
Director
$0 $0 $0
BRANDON GOETZMAN DIRECTOR 2.00
Director
$0 $0 $0
DAVID RICCI DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY SHIER DIRECTOR 2.00
Director
$0 $0 $0
ANDREW SCHAFER DIRECTOR 2.00
Director
$0 $0 $0
KAPILA VIGES CHIEF EXECUTIVE OFFICER 40.00
Officer
$323,707 $21,390 $345,097
AMANDA WILLIAMS DIR. OF OPS AND GROWTH 40.00
Officer
$110,531 $10,894 $121,425
SARA DOUGLAS ASSOCIATE DIRECTOR OF PATIENT ENGAGEMENT 40.00
Highest
$140,594 $8,049 $148,643
CHRISTINA PERSAUD SENIOR MANAGER OF RESEARCH PROGRAMS 40.00
Highest
$127,849 $7,808 $135,657
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
2024 $3,585,445 $3,761,976 $8,023,668 $-176,531
2023 $2,452,924 $3,258,016 $7,916,720 $-805,092
2022 $3,895,930 $3,666,283 $8,745,848 $229,647
2021 $2,570,885 $2,009,109 $7,764,367 $561,776
2020 $6,548,031 $2,710,581 $7,441,409 $3,837,450
2019 $2,852,541 $2,571,486 $2,962,922 $281,055
2018 $2,131,330 $2,523,801 $2,486,823 $-392,471
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