RADY CHILDREN'S HOSPITAL RESEARCH … - 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

1982

Legal Domicile

Principal Officer

JAMES J ULI JR

Phone

8585761700

Tax Period

2024-07-01 to 2025-06-30

RADY CHILDREN'S HOSPITAL RESEARCH CENTER, founded in 1982, is a mid-sized nonprofit in the Medical Research sector that reported $21.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $29.2M exceeded revenue, resulting in a 37% operating deficit.

Mission

THE INSTITUTE SEEKS TO: TRANSLATE RESEARCH FINDINGS INTO NEW CLINICAL TESTS AND TREATMENTS TO IMPROVE PATIENT OUTCOMES, ENHANCE THE KNOWLEDGE IN THIS FIELD AMONG CURRENT AND FUTURE HEALTHCARE PROVIDERS, AND GENERATE AND SHARE DATA AND DISCOVERIES WITH OTHER RESEARCHERS.

Program Service Accomplishments

Program 1

Expenses: $16,987,109 Revenue: $11,370,393

LAKSHMINARASIMHA MADHAVRAO RECEIVED A SEVERANCE PAYMENT OF $127,670 AND RUSSEL NOFSINGER RECEIVED A SEVERANCE PAYMENT OF $132,662 IN 2024.

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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 $8,786,505

Program Service Revenue $11,370,393

Investment Income $1,134,415

Other Revenue $57,999

TOTAL REVENUE $21,349,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,939,543

Fundraising Expenses $79,507

Program Expenses $16,987,109

Other Expenses $14,304,181

TOTAL EXPENSES $29,243,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,349,312	$24,368,217	-0.1%
Expenses	$29,243,724	$31,849,496	-0.1%
Net Income	$-7,894,412	$-7,481,279	+0.1%

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

100

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

$12,547,683

Total Directors

$3,605,232

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID F HALE	CHAIR	4.00	Officer Director	$0	$0	$0
TINA S NOVA PHD	VICE CHAIR	4.00	Officer Director	$0	$0	$0
GDIEGO MIRALLES MD	BOARD MEMBER (UNTIL 6/2025)	2.00	Director	$0	$0	$0
SDOUGLAS HUTCHESON	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL J HERING	BOARD MEMBER	2.00	Director	$0	$0	$0
HENRY L NORDHOFF	BOARD MEMER	2.00	Director	$0	$0	$0
MICHAEL P PECKHAM	BOARD MEMBER (UNTIL 12/2024)	2.00	Director	$0	$0	$0
DAVID A BRENNER MD	BOARD MEMBER	2.00	Director	$0	$0	$0
HARRY M RADY	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNETH F BUECHLER PHD	BOARD MEMBER	2.00	Director	$0	$0	$0
DONALD B KEARNS MD	BOARD MEMBER	2.00	Director	$0	$0	$0
LONNA WILLIAMS STOLPER	BOARD MEMBER	2.00	Director	$0	$0	$0
GABRIEL G HADDAD MD	BOARD MEMBER	2.00	Director	$0	$0	$0
TRINDL REEVES	BOARD MEMBER (UNTIL 12/2024)	2.00	Director	$0	$0	$0
MICHAEL A FRIEDMAN MD	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH BEERY	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHY LYNCH	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT KAHN PHD	BOARD MEMBER	2.00	Director	$0	$0	$0
JUSTIN GOVER	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM KOMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DONALD J ROSENBERG ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM SCOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICK FRIAS MD	EX OFFICIO	1.00	Officer Director	$0	$44,864	$2,563,540
CHARLES B DAVIS	EVP, REGIONAL PRESIDENT, SAN DIEGO	2.00	Officer Director	$0	$38,044	$1,041,692
STEPHEN F KINGSMORE MD DSC	PRESIDENT AND CHIEF EXECUTIVE OFFICER, RCIGM	40.00	Officer	$1,096,224	$27,247	$1,123,471
ANGELA M VIEIRA	SECRETARY (UNTIL 12/2024)	2.00	Officer	$0	$156,544	$899,476
BELINDA SANTOS-RAMIREZ	ASSISTANT SECRETARY	2.00	Officer	$0	$16,000	$167,454
KIMBERLY CRIPE	CO-PRESIDENT & CEO (BEGIN 1/2025)	1.00	Officer	$0	$31,405	$2,444,654
JILL STRICKLAND	SR VP, CAO	1.00	Officer	$0	$33,381	$931,937
JAMES ULI JR	SVP, CFO, TREASURER	1.00	Officer	$0	$22,310	$1,153,655
WENDY BENSON	VP, CHIEF STRATEGY & INNOVATION OFFICER	40.00	Officer	$520,777	$24,241	$545,018
LYNN M PEREZ	SVP & EXEC DIR, GENOMICS OPS	40.00	Officer	$704,318	$24,800	$729,118
JAY GABRIEL	CLO & SECRETARY (BEGIN 1/2025)	1.00	Officer	$0	$49,577	$947,668
KATARZYNA ELLSWORTH	SR DIR, CLINICAL OPS - RCIGM	40.00	Highest	$279,401	$29,926	$309,327
LUCIA GUIDUGLI	DIR, LABORATORY - RCIGM	40.00	Highest	$240,314	$14,528	$254,842
LAKSHMINARASIMHA MADHAVRAO	SR DIR, BIOINFORMATICS - RCIGM	40.00	Highest	$361,182	$7,683	$368,865
RUSSELL NOFSINGER	SR DIR, BUS DEV - RCIGM	40.00	Highest	$380,726	$8,480	$389,206
JENNIFER SCHLEIT	DIR, LABORATORY - DRY LAB OPS	40.00	Highest	$235,355	$0	$235,355
STEPHEN JENNINGS	SR VP, SR VP, CHIEF EXTERNAL AFFAIRS OFFICER (UNTI	0.00		$0	$100,057	$909,314
GAIL L KNIGHT MD	SR VP, CMO	0.00		$0	$14,328	$1,035,585

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	$21,349,312	$29,243,724	$39,770,624	$-7,894,412
2024	No data	No data	No data	No data
2023	$23,136,067	$31,666,734	$35,561,361	$-8,530,667
2022	$21,200,956	$28,175,803	$44,359,255	$-6,974,847
2021	$20,376,903	$27,341,103	$50,765,897	$-6,964,200
2020	$10,911,639	$23,031,608	$39,191,794	$-12,119,969
2019	$8,278,401	$18,993,853	$48,433,152	$-10,715,452
2018	$15,072,836	$16,200,432	$60,961,753	$-1,127,596

RADY CHILDREN'S HOSPITAL RESEARCH CENTER