Research Foundation of the City
Overview
Mission
Provide retirement medical and dental benefits to the employees of the research foundation of the city university of New York
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.
Nonprofit profile at a glance
- EIN
- 020733394
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Headquarters
- Detroit, MI, USA
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Mutual/Membership Benefit
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports that some governance safeguards are missing.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 100
- Accountability: 76
- Sustainability: 89
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.5%; rating input score 78
- Program expense ratio: 97.2%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 43
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 23.2%; rating input score 89; 89th percentile among comparable filings
- Operating reserve ratio: 5.39; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 94; 94th percentile among comparable filings
- Officer compensation ratio: 0.2%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 6.4% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 78.5% of revenue deployed · 97.2% of spending went to programs
- Governance: 17 of 17 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $47.4M in reported program spending
- Leadership: top reported pay $83K · 19 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 annual filings from 2011 to 2024
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.