Huntington Medical Research Institutes

Nonprofit profile at a glance

EIN
951757119
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Pasadena, CA, USA
Phone
6267954343
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Medical Disciplines Research

Official website

Reported finances

Revenue
$7,051,359
Expenses
$13,260,671
Assets
$59,425,030
Liabilities
$2,130,800

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • JULIA BRADSHER (PRESIDENT AND CEO)
  • PAUL ROACH (VICE PRESIDENT, DEVELOPMENT)

Highest reported compensation

  • JULIA BRADSHER (PRESIDENT AND CEO): $515,480 total reported compensation
  • ROBERT KLONER (CSO, DIRECTOR CARDIOVASCULAR): $460,340 total reported compensation
  • REGINA RODRIGUEZ (CHIEF PEOPLE OFFICER): $260,600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hmri advances scientific discovery through innovative biomedical research to improve health outcomes and inspire the next generation of scientists.

What it reported doing in 2024

Hmri's research programs are focused on common disease processes including neurologic (alzheimer's-migraine), cardiovascular, liver and gastrointestinal, and magnetic resonance imaging that supports research across hmri. In 2024/2025 hmri researchers published papers in peer reviewed journals, served on editorial boards and science advisory boards, and presented their work at conferences. The major service accomplishments of the year were the ongoing seminar series open to the public covering a wide range of timely medical and research topics, and ongoing enrollment of study participants in our study of brain aging.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 84
  • Accountability: 96
  • Sustainability: 34
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 66.3%; rating input score 66
  • Fundraising efficiency: $8.43 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 23rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -88.1%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 4.48; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 22.7%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 66.3% of spending went to programs
  • Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.8M in reported program spending
  • Leadership: top reported pay $515K · 31 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $431K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.