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

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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.