WICHITA MEDICAL RESEARCH AND EDUCATION FOUNDATION (EIN 486117407) - Form 990 Financial Analysis & Trantor Score

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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

1959

Legal Domicile

Principal Officer

PEGGY JOHNSON

Phone

3166867172

Tax Period

2023-01-01 to 2023-12-31

WICHITA MEDICAL RESEARCH AND EDUCATION FOUNDATION, founded in 1959, is a small nonprofit that reported $311K in total revenue in fiscal year 2023. Expenses of $389K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROMOTE RESEARCH, EDUCATION AND COMMUNITY EFFORTS DESIGNED TO IMPROVE THE HEALTH OF KANSANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,570

Program Service Revenue $57,069

Investment Income $235,997

Other Revenue $12,975

TOTAL REVENUE $310,611

Expense Breakdown

Grants Paid $36,533

Salaries & Benefits $198,395

Fundraising Expenses $38

Program Expenses $180,370

Other Expenses $153,663

TOTAL EXPENSES $388,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,611	$292,963	+0.1%
Expenses	$388,591	$413,989	-0.1%
Net Income	$-77,980	$-121,026	-0.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$153,879

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN FEAREY MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON BARB CPA FHFMA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
PAULA DELMORE RNC MSN	SCIENTIFIC DIRECTOR	1.00	Officer Director	$0	$0	$0
JAMES DELMORE MD	MEDICAL DIRECTOR	1.00	Officer Director	$0	$0	$0
RICHARD MUMA PHD MPH	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL HENDRY PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
HOPE HELFERICH BSN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK KELLERMAN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY MAY PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA MCARTHUR	BOARD MEMBER	1.00	Director	$0	$0	$0
TRISHA RICHMEIER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE REDMOND PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
TRISH SCHMIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY JOHNSON	EXECUTIVE DIRECTOR/COO	40.00	Officer	$86,696	$3,413	$90,109
TERESA CARTER	CFO	40.00	Officer	$59,609	$4,161	$63,770

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	$310,611	$388,591	$6,998,541	$-77,980
2022	$292,963	$413,989	$6,512,048	$-121,026
2021	$603,098	$403,310	$7,867,329	$199,788
2020	$649,030	$351,588	$7,353,216	$297,442
2019	$648,823	$657,131	$6,849,299	$-8,308
2018	$725,730	$732,609	$5,987,151	$-6,879

WICHITA MEDICAL RESEARCH AND EDUCATION FOUNDATION