Midwest Veterans' Biomedical Research Foundation
Nonprofit profile at a glance
- EIN
- 431496422
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Kansas City, MO, USA
- Phone
- 8169218311
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Medical Research N.E.C.
Reported finances
- Revenue
- $3,201,539
- Expenses
- $2,093,360
- Assets
- $4,942,824
- Liabilities
- $242,290
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- JULIE GOUDA MD (EXECUTIVE DIRECTOR)
Highest reported compensation
- SHARAD MATHUR MD (DIRECTOR): $386,011 total reported compensation
- KIMBERLY JOHNSON MD (DIRECTOR): $346,266 total reported compensation
- CHRISTINE FAULK MD (DIRECTOR): $331,456 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To prevent and cure veteran-specific illnesses and injuries through innovative research and education.
What it reported doing in 2024
Supported education and training related activities for the benefit of veterans, their families, staff and the community at large. Included in the program, is a department of health & human services, hsrs funded project, which involves educating caregivers of veterans and in compassionate care of veterans with dementia. The objectives of this program are: training current and future providers to assess and address the primary care needs of older adults; transforming clinical training environments to become age-friendly health systems; delivering community-based programs that provide patients, families, caregivers, and direct care workers with the knowledge and skills to improve health outcomes for older adults.
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
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 67
- Accountability: 95
- Sustainability: 69
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.3%; rating input score 58
- Program expense ratio: 82.1%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 34.6%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 2.36; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 70; 70th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -4.4% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -0.2% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 58.3% of revenue deployed · 82.1% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $1.7M in reported program spending
- Leadership: top reported pay $386K · 17 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 4 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.