UNIVERSITY OF KANSAS MEDICAL CENTE… - Form 990 Financial Data

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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

1992

Legal Domicile

Phone

9135881261

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE, founded in 1992, is a major nonprofit in the Health Care sector that reported $252.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $226.7M left a modest 10% surplus.

Mission

PROMOTING AND AIDING IN THE FULFILLMENT OF SCIENTIFIC RESEARCH, EDUCATIONAL, AND SERVICE FUNCTIONS OF THE UNIVERSITY OF KANSAS MEDICAL CENTER. MANAGES GRANTS AND CONTRACTS FOR PROJECTS CONDUCTED BY PRINCIPAL INVESTIGATORS WHO SERVE AS FACULTY AT THE UNIVERSITY OF KANSAS MEDICAL CENTER.

Program Service Accomplishments

Program 1

Expenses: $203,005,429 Revenue: $233,641,554

THE RESEARCH INSTITUTE WAS ESTABLISHED IN 1992 TO PROMOTE, SUPPORT, AND ENHANCE MEDICAL RESEARCH FOR THE BENEFIT OF THE PUBLIC BY ADMINISTERING FUNDED RESEARCH PROJECTS ON BEHALF OF THE UNIVERSITY OF KANSAS MEDICAL CENTER (KUMC). THE RESEARCH INSTITUTE'S OBJECTIVES ARE TO: 1) SERVE KUMC BY PROMOTING AND OPERATING AT THE HIGHEST LEVEL OF ADMINISTRATIVE AND FINANCIAL HONESTY AND INTEGRITY, 2) FOSTER INDIVIDUAL CONSORTIA PARTNERSHIPS BETWEEN KUMC RESEARCHERS AND NATIONAL, REGIONAL AND LOCAL RESEARCH BIO-MEDICAL COMMUNITIES, 3) ENHANCE REVENUE TO RESEARCHERS AND THE UNIVERSITY THROUGH THE TRANSFER OF RESEARCH DISCOVERIES AND OTHER INFORMATION TO THE PRIVATE SECTOR; AND 4) FACILITATE COOPERATIVE RESEARCH INTERACTIONS DOMESTICALLY AND INTERNATIONALLY BETWEEN THE KUMC AND CORPORATIONS, AND WITH OTHER RESEARCH CENTERS THROUGHOUT THE GREATER KANSAS CITY METROPOLITAN AREA.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,717,056

Program Service Revenue $234,714,161

Investment Income $4,641,309

Other Revenue $2,251,902

TOTAL REVENUE $252,324,428

Expense Breakdown

Grants Paid $20,662,745

Salaries & Benefits $124,581,155

Fundraising Expenses $0

Program Expenses $203,005,429

Other Expenses $81,493,225

TOTAL EXPENSES $226,737,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,324,428	$219,726,025	+0.1%
Expenses	$226,737,125	$198,839,392	+0.1%
Net Income	$25,587,303	$20,886,633	+0.2%

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

Governance

Voting Members

Independent Members

N/A

Employees

173

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

$320,019

Total Directors

$2,680,752

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID VRANICAR	DIRECTOR	1.0	Director	$0	$58,261	$574,916
DOUG GIROD	DIRECTOR	1.0	Director	$0	$172,129	$1,071,548
JEFF DEWITT	DIRECTOR	1.0	Director	$0	$47,145	$408,844
MATTHIAS SALATHE	DIRECTOR	5.0	Director	$0	$44,016	$493,014
STEVEN STITES	DIRECTOR	1.0	Director	$0	$11,400	$132,430
PAUL TOLER	CFO/TREASURER	39.0	Officer	$271,607	$48,412	$320,019
JAIME PHALP	SENIOR DIRECTOR, RA CRO	40.0	Highest	$205,843	$19,859	$225,702
JENNIFER STALEY	SENIOR DIRECTOR OF SYSTEMS ADMIN	40.0	Highest	$150,790	$39,448	$190,238
MARIO MEDINA	SENIOR DIRECTOR, RA SPA	40.0	Highest	$217,662	$37,504	$255,166
MATTHEW WOOLLEY	SENIOR DIRECTOR, RA FINANCE	40.0	Highest	$151,262	$39,005	$190,267
RUTH SOSNOFF	EXECUTIVE DIRECTOR, STRATEGIC INITIATIVES	40.0	Highest	$211,696	$40,711	$252,407
ABIODUN AKINWUNTAN	FORMER DIRECTOR	0.0		$0	$60,816	$423,847
ADRIENNE KORDALSKI	FORMER DIRECTOR	0.0		$0	$44,962	$315,544
AKINLOLU OJO	FORMER DIRECTOR	0.0		$0	$53,147	$808,876
BARBARA POLIVKA	FORMER DIRECTOR	0.0		$0	$32,492	$262,480
DANNY WELCH	FORMER DIRECTOR	0.0		$0	$34,021	$287,951
HOLLY HULL	FORMER DIRECTOR	0.0		$0	$36,607	$200,142
JACOB SOSNOFF	FORMER DIRECTOR	0.0		$0	$37,686	$305,179
LISA HOEBELHEINRICH	FORMER DIRECTOR	39.0		$230,268	$29,917	$260,185
PETER SMITH	FORMER DIRECTOR	0.0		$0	$65,797	$567,480
SALLY MALISKI	FORMER DIRECTOR	0.0		$0	$27,407	$234,785
STEVEN WEINMAN	FORMER DIRECTOR	0.0		$0	$44,987	$294,701

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	$252,324,428	$226,737,125	$228,520,139	$25,587,303
2024	No data	No data	No data	No data
2023	$192,741,992	$175,492,539	$170,911,456	$17,249,453
2022	$166,637,281	$150,173,369	$151,053,791	$16,463,912
2021	$164,682,845	$133,091,066	$145,095,563	$31,591,779
2020	$152,696,195	$135,234,094	$107,989,716	$17,462,101
2019	$124,413,679	$113,676,994	$101,564,864	$10,736,685
2018	$125,102,514	$109,118,633	$89,982,282	$15,983,881

UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE