MEDSTAR HEALTH RESEARCH INSTITUTE INC (EIN 526056274) - 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

1963

Legal Domicile

Principal Officer

NEIL J WEISSMAN MD

Phone

2028773756

Tax Period

2024-07-01 to 2025-06-30

MEDSTAR HEALTH RESEARCH INSTITUTE INC, founded in 1963, is a mid-sized nonprofit that reported $74.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

MEDSTAR HEALTH RESEARCH INSTITUTE (THE RESEARCH INSTITUTE) IS THE RESEARCH ARM FOR MEDSTAR HEALTH, PROVIDING SCIENTIFIC, ADMINISTRATIVE, AND REGULATORY SUPPORT FOR RESEARCH PROGRAMS THAT COMPLEMENT THE KEY CLINICAL SERVICES AND TEACHING PROGRAMS IN ALL HOSPITALS IN THE SYSTEM. THE RESEARCH INSTITUTE SUPPORTS CLINICAL RESEARCH PERFORMED BY ATTENDING MEDICAL STAFF, AND FULL-TIME RESEARCH INVESTIGATORS. THE RESEARCH INSTITUTE AND ITS INVESTIGATORS PROVIDE PATIENTS ACCESS TO THE LATEST CLINICAL TRIALS, CUTTING-EDGE DIAGNOSTICS, AND INNOVATIVE THERAPIES WHILE DISCOVERING NEW WAYS TO TREAT PEOPLE THROUGH HEALTH SERVICES AND CLINICAL RESEARCH. WITH MORE THAN 1,000 ACTIVE RESEARCH STUDIES AND CLINICAL TRIALS CONDUCTED ACROSS 40 DIFFERENT CARE SITES AND OVER 900 PEER-REVIEWED PUBLICATIONS IN FISCAL YEAR 2025, THE RESEARCH INSTITUTE'S PORTFOLIO INCLUDES CLINICAL AND INVESTIGATIVE WORK ACROSS CLINICAL SERVICE LINES INCLUDING CARDIOVASCULAR, ONCOLOGY, DIABETES, ORTHOPAEDICS, NEUROLOGY, GASTROENTEROLOGY, REHABILITATION, CRITICAL CARE, WOMEN'S HEALTH, HEALTHCARE QUALITY AND PATIENT SAFETY.

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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 $9,575,700

Program Service Revenue $34,670,133

Investment Income $537,153

Other Revenue $29,306,776

TOTAL REVENUE $74,089,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,825,210

Fundraising Expenses $0

Program Expenses $72,473,487

Other Expenses $27,532,025

TOTAL EXPENSES $78,357,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,089,762	$59,461,537	+0.2%
Expenses	$78,357,235	$69,535,678	+0.1%
Net Income	$-4,267,473	$-10,074,141	-0.6%

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

514

Volunteers

172

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

$2,152,748

Total Directors

$5,097,183

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOO Y BANG MSHA	DIRECTOR (UNTIL 10/2024)	1.00	Director	$0	$0	$0
EDWARD B HEALTON MD	DIRECTOR	1.00	Director	$0	$0	$0
NORMAN J BEAUCHAMP JR MD	DIRECTOR (AS OF 9/2024)	1.00	Director	$0	$0	$0
DALE MCELVEEN	DIRECTOR (AS OF 9/2024)	1.00	Director	$0	$0	$0
DEREK GRIFFITH PHD	DIRECTOR (UNTIL 1/2025)	1.00	Director	$0	$0	$0
SPIROS DIMOLITSAS PHD	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN RT EVANS MD	DIRECTOR	1.00	Director	$0	$66,390	$3,091,812
SARAH GREENE MPH	CHAIR	1.00	Director	$0	$0	$0
PRENTICE PARRISH	DIRECTOR	1.00	Director	$0	$0	$0
ANAND SHAH MD	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SMITH MD	DIRECTOR	1.00	Director	$0	$0	$0
FRED BUTLER JR	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY B LEE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN M YOUNG PHD	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA TENAERTS MD	DIRECTOR	1.00	Director	$0	$0	$0
TAMIKA AUGUSTE MD	DIRECTOR	1.00	Director	$0	$34,051	$757,499
NEIL J WEISSMAN MD	PRESIDENT/DIRECTOR	40.00	Officer Director	$1,185,542	$62,330	$1,247,872
WILLIAM GAYNE	TREASURER (UNTIL 8/2024)	20.00	Officer	$188,029	$31,059	$407,117
KEITH SHINER	SECRETARY	1.00	Officer	$0	$34,699	$356,263
AMANDA BARASH	TREASURER (AS OF 11/2024)	20.00	Officer	$14,151	$22	$28,324
STEPHAN QUIRICONI	INTERIM TREASURER (08/2024-11/2024)	20.00	Officer	$56,586	$0	$113,172
FEDERICO ASCH MD	SCIENTIFIC DIRECTOR	40.00	Highest	$600,912	$27,669	$628,581
RAJ RATWANI PHD	VP SCIENTIFIC AFFAIRS	40.00	Highest	$441,548	$19,999	$461,547
SETH KREVAT MD	MEDICAL DOCTOR	40.00	Highest	$374,309	$21,094	$395,403
WILLIAM WEINTRAUB	PHYSICIAN INVESTIGATOR	40.00	Highest	$381,146	$28,408	$409,554
SUZANNE SIMKOVICH	PHYSICIAN INVESTIGATOR	40.00	Highest	$455,976	$30,550	$486,526

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	$74,089,762	$78,357,235	$46,768,247	$-4,267,473
2024	No data	No data	No data	No data
2023	$52,774,409	$63,252,010	$40,740,989	$-10,477,601
2022	$50,039,397	$58,646,314	$46,788,307	$-8,606,917
2021	$47,234,985	$52,955,266	$50,666,334	$-5,720,281
2020	$39,716,879	$44,791,996	$57,300,150	$-5,075,117
2019	$36,064,856	$44,800,868	$23,488,796	$-8,736,012
2018	$33,191,605	$40,877,231	$21,596,713	$-7,685,626

MEDSTAR HEALTH RESEARCH INSTITUTE INC