The Research Institute of the Mcgill University Health Centre

Nonprofit profile at a glance

EIN
980031193
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Montreal, Quebec, CA
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$144,438,827
Expenses
$145,198,137
Assets
$162,006,448
Liabilities
$144,612,480

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

16 people listed

Highest reported compensation

  • SONIA RHEA (DIRECTOR HR): $142,796 total reported compensation
  • LUCIE COTE (DIRECTOR ARD): $140,709 total reported compensation
  • VESNA PANKOVSKA (FINANCE DIRECTOR): $137,462 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization mission is to carry out all forms of medical research including other related medical processes

What it reported doing in 2025

The animal resource division (ard) provides professional & technical support to investigators & staff. The facilities are fully compliant w the recommendations by the canadian councill on animal care (ccac) & t facility animal care committee (facc)

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
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 available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 50
  • Accountability: 82
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.5%; rating input score 82
  • Program expense ratio: 80.7%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 21st percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.5%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 1.12; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.89; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0.4%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 7.4% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 81.5% of revenue deployed · 80.7% of spending went to programs
  • Governance: 11 of 12 board members independent · 6 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $14.1M in reported program spending
  • Leadership: top reported pay $143K · 16 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes foreign activity
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 15/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.