THE RESEARCH FOUNDATION

EIN: 431349021 501(c)(3) Health Care

KANSAS CITY, MO

Total Revenue
$7,602,573
Total Expenses
$3,163,127
Total Assets
$112,398,559
Net Assets
$112,140,062
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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
1984
Legal Domicile
MO
Principal Officer
CYNTHIA RANDAZZO
Phone
8162764218
Tax Period
2024-01-01 to 2024-12-31

THE RESEARCH FOUNDATION, founded in 1984, is a community nonprofit in the Health Care sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 58% operating margin.

Mission

HEALTH PROGRAMS THAT BENEFIT STUDENTS, PROFESSIONALS, PATIENTS, AND PEOPLE IN THE KC COMMUNITY.

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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 $1,269,726
Program Service Revenue $0
Investment Income $6,053,426
Other Revenue $279,421
TOTAL REVENUE $7,602,573

Expense Breakdown

Grants Paid $1,791,986
Salaries & Benefits $1,084,623
Fundraising Expenses $182,506
Program Expenses $2,613,240
Other Expenses $286,518
TOTAL EXPENSES $3,163,127

Year-over-Year Comparison

2024 2023 Change
Revenue $7,602,573 $3,712,503 +1.0%
Expenses $3,163,127 $2,814,352 +0.1%
Net Income $4,439,446 $898,151 +3.9%
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
21
Independent Members
20
Employees
8
Volunteers
144

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
5
$325,288
Total Directors
26
$325,288
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL P MCKINSEY MD CHAIR 3.00
Officer Director
$0 $0 $0
BRENDA J LOFTON MD VICE CHAIR 3.00
Officer Director
$0 $0 $0
MEGAN L GARCIA MD SECRETARY 3.00
Officer Director
$0 $0 $0
TODD H BARTELS TREASURER 3.00
Officer Director
$0 $0 $0
JOHN PAUL ARMILIO MD DIRECTOR (TERM START 5/22/24) 2.00
Director
$0 $0 $0
VALERIE E CHOW MD DIRECTOR (TERM END 8/14/24) 2.00
Director
$0 $0 $0
MICHAEL J CONNOR MD DIRECTOR 2.00
Director
$0 $0 $0
FRANCIS DAILEY MD DIRECTOR (TERM START 8/28/24) 2.00
Director
$0 $0 $0
JASON W EPPLER MD DIRECTOR 2.00
Director
$0 $0 $0
R JOSEPH GROEBL DIRECTOR 2.00
Director
$0 $0 $0
CYNTHIA JOHNSON RN DIRECTOR 2.00
Director
$0 $0 $0
LUCIA E JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
ANDREW C LUEDER MD DIRECTOR (TERM START 5/22/24) 2.00
Director
$0 $0 $0
MARK A MARTINEZ DIRECTOR 2.00
Director
$0 $0 $0
MEGAN A MELOTT RN DIRECTOR 2.00
Director
$0 $0 $0
ALEX B MILLER DIRECTOR (TERM START 5/22/24) 2.00
Director
$0 $0 $0
JULIE A NAUSER PHD DIRECTOR (TERM END 5/22/24) 2.00
Director
$0 $0 $0
JESSICA R PEEL DIRECTOR (TERM END 3/14/24) 2.00
Director
$0 $0 $0
WILLIAM J PETERSON MD DIRECTOR (TERM END 5/22/24) 2.00
Director
$0 $0 $0
MICHAEL W POPP DIRECTOR 2.00
Director
$0 $0 $0
C DAVID RIOS MD DIRECTOR (TERM START 8/28/24) 2.00
Director
$0 $0 $0
THOMAS P ROSS DIRECTOR (TERM START 2/28/24) 2.00
Director
$0 $0 $0
STEVEN J SCHAFER DIRECTOR (TERM END 5/22/24) 2.00
Director
$0 $0 $0
ANNE K SLY MD DIRECTOR 2.00
Director
$0 $0 $0
TYLAINE A SOLOMON RN DIRECTOR 2.00
Director
$0 $0 $0
CYNTHIA A RANDAZZO PRESIDENT & CEO 50.00
Officer Director
$273,443 $51,845 $325,288
ROSE SIMONE DIRECTOR OF DEVELOPMENT 40.00
Highest
$120,270 $45,718 $165,988
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 $7,602,573 $3,163,127 $112,398,559 $4,439,446
2023 $3,712,503 $2,814,352 $101,080,445 $898,151
2022 $3,259,284 $1,793,154 $98,931,038 $1,466,130
2021 $6,987,578 $1,592,182 $113,361,941 $5,395,396
2020 $2,616,991 $1,570,417 $100,969,564 $1,046,574
2019 $2,620,485 $1,640,529 $89,295,734 $979,956
2018 $5,158,957 $1,480,030 $75,455,348 $3,678,927
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