Oklahoma Medical Research Foundation

EIN: 730580274 501(c)(3) Medical Research

Oklahoma City, OK

Total Revenue
$114,311,660
Total Expenses
$108,085,497
Total Assets
$485,930,868
Net Assets
$451,038,170
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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
OK
Phone
4052717421
Tax Period
2022-07-01 to 2023-06-30

Oklahoma Medical Research Foundation, founded in 1946, is a major nonprofit in the Medical Research sector that reported $114.3M in total revenue in fiscal year 2022. Expenses of $108.1M left a modest 5% surplus.

Mission

OMRF is dedicated to developing a better understanding of more effective treatments for human disease.

Program Service Accomplishments

Program 1
Expenses: $41,718,442 Revenue: $18,306,953

Arthritis and Clinical Immunology/Clinical Operations - The National Institutes of Health selected a pair of projects led by OMRF as part of its new Immune Drivers of Autoimmune Disease program...

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Arthritis and Clinical Immunology/Clinical Operations - The National Institutes of Health selected a pair of projects led by OMRF as part of its new Immune Drivers of Autoimmune Disease program, which casts light on early events in diseases like lupus and rheumatoid arthritis. Scientists also teamed up to renew two major federal grants, one targeted at building Oklahoma's clinical research infrastructure and improving the health of the state's citizens, the other supporting arthritis and autoimmune disease research at OMRF and across the US. In addition, researchers published studies advancing our knowledge of autoimmune diseases, which affect an estimated 25 million Americans, and provided compassionate care to thousands of patients living with multiple sclerosis, lupus and various forms of arthritis.

Program 2
Expenses: $7,915,508 Revenue: $9,147,319

Aging and Metabolism Research Program - This program added two principal scientists in 2023, both of whom will accelerate our work in crucial areas. Dr. Heather Rice focuses on the protein amyloid...

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Aging and Metabolism Research Program - This program added two principal scientists in 2023, both of whom will accelerate our work in crucial areas. Dr. Heather Rice focuses on the protein amyloid beta, which is believed to play a central role in the development of Alzheimer's disease. And Dr. Sue Bodine is an international leader in the study of muscle loss as we grow older. These researchers will complement the work of our existing scientific team, who secured a series of new grants from federal and nonprofit funders. With the awards, we will continue to develop a deeper understanding of a broad spectrum of age-related health conditions, from dementia and vision loss to heart disease and diabetes.

Program 3
Expenses: $7,760,236 Revenue: $9,255,819

Cardiovascular Biology Research Program - This year was marked by a watershed discovery. In each of us, heart valves open and close approximately 40 million times a year, permitting proper blood flow...

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Cardiovascular Biology Research Program - This year was marked by a watershed discovery. In each of us, heart valves open and close approximately 40 million times a year, permitting proper blood flow when they open and preventing leakage when they close. Unfortunately, in roughly 7 million Americans, those valves don't function properly. Over time, this condition leads to impaired quality of life, disability and, ultimately, heart failure. In 2023, Dr. Sathish Srinivasan identified a molecule that shows promise for preventing heart valve disease. Future research will build on this breakthrough, with the goal of finding a treatment for the millions of people who live with this debilitating, life-threatening 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 (2022)

Revenue Breakdown

Contributions & Grants $71,342,417
Program Service Revenue $30,761,232
Investment Income $5,086,620
Other Revenue $7,121,391
TOTAL REVENUE $114,311,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,111,500
Fundraising Expenses $2,546,970
Program Expenses $100,688,111
Other Expenses $61,973,997
TOTAL EXPENSES $108,085,497

Year-over-Year Comparison

2022 2021 Change
Revenue $114,311,660 $107,744,875 +0.1%
Expenses $108,085,497 $96,940,173 +0.1%
Net Income $6,226,163 $10,804,702 -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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Governance

Voting Members
62
Independent Members
62
Employees
639
Volunteers
62

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
9
$3,504,836
Total Directors
62
$0
Key Employees
4
$1,361,497
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Sr VP and General Counsel 50.0
Officer
$340,415 $57,319 $397,734
N/A President and CEO 50.0
Officer
$672,712 $85,296 $758,008
N/A VP of Human Resources 50.0
Officer
$199,778 $45,418 $245,196
N/A VP of Research (Training) 50.0
Officer
$218,793 $40,159 $258,952
N/A VP of Clinical Affairs and Program Chair 50.0
Officer
$475,957 $104,442 $580,399
N/A VP of Government Affairs 50.0
Officer
$178,756 $31,619 $210,375
N/A VP of Philanthropy 50.0
Officer
$246,527 $63,779 $310,306
N/A VP of Research 50.0
Officer
$349,220 $45,732 $394,952
N/A VP and CFO 50.0
Officer
$282,285 $66,629 $348,914
N/A Program Chair, Aging and Metabolism 50.0
Key Emp
$167,302 $22,605 $189,907
N/A Associate Professor, Arthritis and Clinical Immunology 50.0
Key Emp
$368,736 $54,656 $423,392
N/A Program Chair, Cardiovascular Biology 50.0
Key Emp
$302,230 $72,758 $374,988
N/A Program Chair, Genes and Human Disease 50.0
Key Emp
$310,352 $62,858 $373,210
N/A Professor, Cardiovascular Biology 50.0
Highest
$250,227 $41,421 $291,648
N/A Clinical Assistant Professor, Arthritis and Clinical Immunology 50.0
Highest
$269,260 $33,105 $302,365
N/A Professor, Cardiovascular Biology 50.0
Highest
$320,317 $40,908 $361,225
N/A Professor, Arthritis and Clinical Immunology 50.0
Highest
$252,606 $27,462 $280,068
N/A Professor, Arthritis and Clinical Immunology 50.0
Highest
$309,096 $53,584 $362,680
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 No data No data No data No data
2024 No data No data No data No data
2023 $114,311,660 $108,085,497 $485,930,868 $6,226,163
2022 $107,744,875 $96,940,173 $463,812,009 $10,804,702
2021 $126,016,814 $92,338,587 $499,810,540 $33,678,227
2020 $95,128,697 $88,608,525 $416,096,679 $6,520,172
2019 $96,525,070 $89,532,385 $415,080,137 $6,992,685
2018 $91,783,174 $89,209,656 $404,739,259 $2,573,518
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