THE ICAHN MEDICAL RESEARCH FOUNDATION C/O ICAHN ASSOCIATES HOLDING LLC

EIN: 461404597 501(c)(3) Health Care

SUNNY ISLES BEACH, FL

Total Revenue
$21,749,274
Total Expenses
$4,187,961
Total Assets
$86,080,352
Net Assets
$23,676,362
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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
2012
Legal Domicile
DE
Principal Officer
CARL C ICAHN
Phone
3054224000
Tax Period
2023-01-01 to 2023-12-31

THE ICAHN MEDICAL RESEARCH FOUNDATION C/O ICAHN ASSOCIATES HOLDING LLC, founded in 2012, is a mid-sized nonprofit in the Health Care sector that reported $21.7M in total revenue in fiscal year 2023. Revenue surged 1050% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.6M, a strong 81% operating margin.

Mission

TO CONDUCT MEDICAL RESEARCH WITH HOSPITALS TO TREAT/PREVENT DISEASE.

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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 $21,747,386
Program Service Revenue $0
Investment Income $1,888
Other Revenue $0
TOTAL REVENUE $21,749,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $970,336
Fundraising Expenses $0
Program Expenses $4,131,492
Other Expenses $3,217,625
TOTAL EXPENSES $4,187,961

Year-over-Year Comparison

2023 2022 Change
Revenue $21,749,274 $1,891,008 +10.5%
Expenses $4,187,961 $14,222,631 -0.7%
Net Income $17,561,313 $-12,331,623 -2.4%
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
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL C ICAHN PRESIDENT, DIRECTOR 1.00
Officer Director
$0 $0 $0
GAIL GOLDEN-ICAHN VP, SECRETARY 1.00
Officer
$0 $0 $0
JORDAN BLEZNICK VICE PRESIDENT/TAXES (THRU 04/23) 1.00
Officer
$0 $0 $0
GREGORY L BONYNE VICE PRESIDENT/TAXES (AS OF 05/23) 1.00
Officer
$0 $0 $0
ROWELLA ASUNCION-GUMABONG VP, TREASURER 1.00
Officer
$0 $0 $0
JESSE LYNN VICE PRESIDENT 1.00
Officer
$0 $0 $0
HUNTER GARY VICE PRESIDENT 1.00
Officer
$0 $0 $0
SCHAHRAM AKBARIAN ICAHN SCHOLAR 40.00
Highest
$141,068 $10,932 $152,000
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
2023 $21,749,274 $4,187,961 $86,080,352 $17,561,313
2022 $1,891,008 $14,222,631 $116,319,039 $-12,331,623
2021 $1,905,506 $14,266,889 $114,654,992 $-12,361,383
2020 $1,910,989 $14,276,873 $116,012,045 $-12,365,884
2019 $1,914,580 $14,806,479 $117,377,929 $-12,891,899
2018 $1,912,015 $14,867,658 $118,769,828 $-12,955,643
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