Medstar Health Research Institute Inc

Nonprofit profile at a glance

EIN
526056274
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2023
Location
Columbia, MD, USA
Phone
2028773756
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$74,089,762
Expenses
$78,357,235
Assets
$46,768,247
Liabilities
$11,823,701

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

Leadership & pay

26 people listed

Executive titles in this filing

  • NEIL J WEISSMAN MD (PRESIDENT/DIRECTOR)

Highest reported compensation

  • STEPHEN RT EVANS MD (DIRECTOR): $3,091,812 total reported compensation
  • NEIL J WEISSMAN MD (PRESIDENT/DIRECTOR): $1,247,872 total reported compensation
  • TAMIKA AUGUSTE MD (DIRECTOR): $757,499 total reported compensation

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

Overview

Mission

See schedule o

What it reported doing in 2024

See schedule othe medstar health research institute's highly qualified scientists and investigators conduct cutting edge clinical research. The research covers many areas and types of research across the following comprehensive research networks: cardiovascular, healthcare delivery, cancer, medical and surgical services, orthopedics and sports medicine, neurosciences, rehabilitation and core services. From bench to bedside and into the community, associates across the research institute work to advance the scientific understanding of disease and point the way to better and more effective treatments. As the research focused entity of medstar health, this is our contribution to the healing work performed throughout the system and in the communities we serve. The research institute is home to more than 400 investigators and scientists who are nationally and internationally recognized for their expertise in epidemiology, healthcare delivery, health economics, human factors, medical engineering, implementation science, drug development, physiology, social work, and rehabilitation. They work alongside care teams to discover better clinical interventions, serve on editorial review boards of prominent scientific medical journals, present at national medical and scientific meetings, and advance the standard of care for medstar health patients and within the field of medicine. The medstar health research institute is also home to d.c. Safe babies safe moms, an initiative that seeks to use research, evidence-based healthcare, and partnerships with community-based organizations to create positive, sustainable change in maternal and infant health.

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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 96
  • Accountability: 86
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.2%; rating input score 98
  • Program expense ratio: 92.5%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • 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: 76.5%; rating input score 76; 25th 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: -5.8%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 98.2% of revenue deployed · 92.5% of spending went to programs
  • Governance: 13 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $72.5M in reported program spending
  • Leadership: top reported pay $3.1M · 26 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.7M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 64 filed related-organization links
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 12/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.