STOWERS RESOURCE MANAGEMENT INC

EIN: 412186719 501(c)(3) Diseases & Disorders

KANSAS CITY, MO

Total Revenue
$157,132,392
Total Expenses
$172,408,024
Total Assets
$1,998,285,855
Net Assets
$1,696,537,242
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DE
Phone
8169264000
Tax Period
2023-07-01 to 2024-06-30

STOWERS RESOURCE MANAGEMENT INC, founded in 2005, is a major nonprofit in the Diseases & Disorders sector that reported $157.1M in total revenue in fiscal year 2023. Revenue surged 650% from the prior year, signaling strong growth momentum. Net assets of $1.7B represent 130 months of operating reserves.

Mission

THE STOWERS RESOURCE MANAGEMENT INC. ("SRM") OPERATES EXCLUSIVELY WITHIN THE MEANING OF CODE SECTIONS 501(C)(3) AND 509(A)(3). SRM'S CHARITABLE PURPOSE IS TO SUPPORT, BENEFIT, AND CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATIONS. SRM CURRENTLY SUPPORTS STOWERS INSTITUTE FOR MEDICAL RESEARCH ("SIMR") AND THE GRADUATE SCHOOL OF THE STOWERS INSTITUTE FOR MEDICAL RESEARCH ("GSSIMR"). SIMR IS A TAX EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3), AND PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(III). SIMR IS ACTIVELY ENGAGED IN SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST. GSSIMR IS A TAX EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3), A PUBLIC CHARITY DESCRIBED IN SECTION 509(A)(1) AND FURTHER DESCRIBED AS AN EDUCATIONAL ORGANIZATION IN 170(B)(1)(A)(II). GSSIMR PROVIDES GRADUATE EDUCATION RELATING TO MEDICAL OR SCIENTIFIC RESEARCH WITH AN EMPHASIS ON INNOVATIVE RESEARCH TECHNIQUES IN THE BIOLOGICAL SCIENCES. SRM HELPS MANAGE SIMR'S ENDOWMENT, PROVIDES MANAGEMENT SUPPORT, AND FUNDRAISES FOR SIMR'S BENEFIT. THE MANAGEMENT SUPPORT INVOLVES ASSISTING IN PLANNING FOR THE STRATEGIC DIRECTION OF SIMR, OPERATIONAL PLANNING, DEVELOPMENT, AND IMPLEMENTATION OF STRATEGIC BUSINESS PLANS AND BUDGETS. SRM ALSO PROVIDES ADDITIONAL ADMINISTRATIVE AND OPERATIONAL SUPPORT SERVICES TO SIMR AND GSSIMR THAT INCLUDES ACCOUNTING, FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY AND OTHER CORPORATE SUPPORT FUNCTIONS. THE CONTRIBUTIONS, GRANTS, AND INCOME FROM SRM'S ENDOWMENT ARE USED TO SUPPORT THE EXEMPT ACTIVITIES OF SIMR.

Program Service Accomplishments

Program 1
Expenses: $115,000,000 Revenue: $0

FINANCIAL SUPPORT - SRM MONITORS THE FINANCIAL NEEDS OF SIMR SO SIMR CAN CONDUCT ITS MEDICAL RESEARCH IN THE PUBLIC INTEREST AND MAKES CONTRIBUTIONS TO SIMR TO SUPPORT ITS MEDICAL RESEARCH...

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FINANCIAL SUPPORT - SRM MONITORS THE FINANCIAL NEEDS OF SIMR SO SIMR CAN CONDUCT ITS MEDICAL RESEARCH IN THE PUBLIC INTEREST AND MAKES CONTRIBUTIONS TO SIMR TO SUPPORT ITS MEDICAL RESEARCH ACTIVITIES. THE CONTRIBUTIONS ARE MADE AS DETERMINED BY SRM'S BOARD OF DIRECTORS AFTER REVIEW OF FINANCIAL INFORMATION, BUDGETS, STRATEGIES AND OTHER RELEVANT INFORMATION. SRM PROVIDED $93,000,000 TO SIMR, A RELATED 501(C)(3) ORGANIZATION, FOR ENDOWMENT SUPPORT AND $22,000,000 TO BIOMED VALLEY CORPORATION ("BVC"), A RELATED 501(C)(3) CORPORATION, FOR ENDOWMENT SUPPORT.

Program 2
Expenses: $40,450,210 Revenue: $40,450,210

MANAGEMENT, ADMINISTRATIVE AND OPERATION SUPPORT SERVICES - SRM PROVIDES MANAGEMENT SUPPORT TO SIMR THAT INVOLVES ASSISTING IN PLANNING FOR THE STRATEGIC DIRECTION OF SIMR, OPERATIONAL PLANNING, AND...

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MANAGEMENT, ADMINISTRATIVE AND OPERATION SUPPORT SERVICES - SRM PROVIDES MANAGEMENT SUPPORT TO SIMR THAT INVOLVES ASSISTING IN PLANNING FOR THE STRATEGIC DIRECTION OF SIMR, OPERATIONAL PLANNING, AND THE DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC BUSINESS PLANS AND BUDGETS. SRM ALSO PROVIDES ADDITIONAL ADMINISTRATIVE AND OPERATIONAL SUPPORT SERVICES TO SIMR AND GSSIMR THAT INCLUDES ACCOUNTING, FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, AND OTHER SUPPORT ACTIVITIES, FOR WHICH SRM ALLOCATED COSTS TO SIMR IN THE AMOUNT OF $39,766,344 AS REPORTED ON PART VIII STATEMENT OF REVENUE LINE 2A, WITH RELATED INFORMATION ON SCHEDULE O.

Program 3
Expenses: $8,358,113 Revenue: $0

MANAGEMENT OF ENDOWMENT - SRM PARTICIPATES IN THE MANAGEMENT OF SIMR AND GSSIMR TO ENSURE THEIR FINANCIAL ABILITY TO CONTINUE IN PERPETUITY.

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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 $2,060,375
Program Service Revenue $40,450,210
Investment Income $114,591,270
Other Revenue $30,537
TOTAL REVENUE $157,132,392

Expense Breakdown

Grants Paid $115,000,000
Salaries & Benefits $26,815,636
Fundraising Expenses $542,316
Program Expenses $163,808,323
Other Expenses $30,592,388
TOTAL EXPENSES $172,408,024

Year-over-Year Comparison

2023 2022 Change
Revenue $157,132,392 $20,963,626 +6.5%
Expenses $172,408,024 $68,679,277 +1.5%
Net Income $-15,275,632 $-47,715,651 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
11
Employees
162
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
10
$7,207,693
Total Directors
17
$8,286,634
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES GERMAN DIRECTOR/EVP/GENERAL COUNSEL 40.0
Officer Director
$1,110,953 $79,359 $1,190,312
GEORGE L SATTERLEE DIRECTOR /EVP/HR 40.0
Officer Director
$494,387 $81,376 $575,763
JONATHAN THOMAS DIR/VICE CHAIR 2.0
Officer Director
$0 $0 $0
RICHARD W BROWN DIRECTOR/CHAIR/PRES/CEO 40.0
Officer Director
$2,963,544 $83,699 $3,047,243
ALBERZINE FREEMAN DIRECTOR 2.0
Director
$0 $0 $0
ALEJANDRO SNCHEZ ALVARADO DIRECTOR 2.0
Director
$0 $691,736 $1,722,794
BRENT KREIDER DIRECTOR 2.0
Director
$0 $98,179 $848,287
CICI ROJAS DIRECTOR 2.0
Director
$0 $0 $0
CLIFFORD W ILLIG DIRECTOR 2.0
Director
$0 $0 $0
DAVID A WELTE DIRECTOR 2.0
Director
$0 $0 $0
GINA KAISER DIRECTOR 2.0
Director
$0 $0 $0
JAMES E STOWERS III DIRECTOR 2.0
Director
$0 $0 $0
JOHN BLUFORD DIRECTOR 2.0
Director
$0 $0 $0
JULIE WILSON DIRECTOR 2.0
Director
$0 $0 $0
KAUSIK SI DIRECTOR 2.0
Director
$0 $167,325 $902,235
MAURICE WATSON DIRECTOR 2.0
Director
$0 $0 $0
PAM LOKKEN DIRECTOR 2.0
Director
$0 $0 $0
EVELYN TRAVNIK VP/CIO 40.0
Officer
$14,222 $3,951 $18,173
JENNIFER H PAWLOSKY CHIEF OF STAFF/VP OF COMM 40.0
Officer
$472,097 $86,079 $558,176
JOSELYN VERSCHELDEN VP/DEPUTY GEN COUNSEL 40.0
Officer
$292,582 $77,012 $369,594
KIM CHEE VP OF FINANCE 40.0
Officer
$318,317 $66,256 $384,573
PENNY M SPENCE EVP/CFO 40.0
Officer
$715,752 $73,207 $788,959
TONYEA INGLIS VP OF REGULATORY AFFAIRS 40.0
Officer
$210,957 $63,943 $274,900
JESSICA WITT DIR OF IT 40.0
Highest
$244,298 $59,332 $303,630
KATY GRAHAM DIR OF ACCOUNTING 40.0
Highest
$173,197 $39,417 $212,614
PATRICK MITCHELL JR VP OF HR THRU 9/28/23 40.0
Highest
$1,161,799 $73,131 $1,234,930
SHAUN PRICE DIR OF INFO SECURITY 40.0
Highest
$167,133 $52,075 $219,208
TIMOTHY J GEARY DIR OF OPS AND SERVICES 40.0
Highest
$272,494 $68,535 $341,029
MICHAEL NEWHOUSE FORMER DIR OF IT OPS 0.0
$256,250 $0 $256,250
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 $157,132,392 $172,408,024 $1,998,285,855 $-15,275,632
2023 $20,963,626 $68,679,277 $1,754,575,141 $-47,715,651
2022 $145,680,496 $90,235,049 $1,809,838,380 $55,445,447
2021 $214,490,886 $185,361,459 $2,385,097,265 $29,129,427
2020 $141,682,849 $137,502,908 $1,882,453,562 $4,179,941
2019 $146,917,676 $136,077,997 $1,532,123,017 $10,839,679
2018 $138,983,898 $149,463,541 $1,345,381,104 $-10,479,643
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