Wichita Medical Research and Education Foundation

Nonprofit profile at a glance

EIN
486117407
IRS 990 coverage
2011–2025
Forms available
Form 990 2025
Location
Wichita, KS, USA
Phone
3166867172
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$542,603
Expenses
$437,615
Assets
$7,673,323
Liabilities
$104,405

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

Leadership & pay

19 people listed

Executive titles in this filing

  • ALAN FEAREY MD (PRESIDENT)
  • TRISH SCHMIDT MA (VICE PRESIDENT)
  • LAI-L DAUGHTERY MS (EXECUTIVE DIRECTOR)
  • PEGGY JOHNSON (FORMER EXECUTIVE DIRECTOR/COO)

Highest reported compensation

  • TERESA CARTER (CFO): $89,773 total reported compensation
  • PEGGY JOHNSON (FORMER EXECUTIVE DIRECTOR/COO): $58,763 total reported compensation
  • LAI-L DAUGHTERY MS (EXECUTIVE DIRECTOR): $49,370 total reported compensation

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

Overview

Mission

Improve the quality of life for all kansans by encouraging research as a scholarly activity, providing education and training to healthcare professionals as they design and carry out their research and patient care mission, promoting continuing education to enhance all aspects of healthcare, and supporting community health efforts.

What it reported doing in 2025

Gore farha endowed nursing education - an annual 2 day symposium that provides education in the latest critical care nursing thru a dynamic & diverse program of guest speakers in Kansas and the surrounding region.

Operating model

Revenue model
Investment-supported. 74% of the money available for current operations came from recurring investment income.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 77
  • Accountability: 100
  • Sustainability: 68
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 59%; rating input score 59
  • Fundraising efficiency: $4.4 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 3rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 76.3%; rating input score 76; 37th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: 19.3%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 17.53; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 45.2%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -9.6% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -5.8% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 59% of spending went to programs
  • Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $258K in reported program spending
  • Leadership: top reported pay $90K · 19 people listed
  • Consistency: 31 of 33 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 14 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 3 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.

  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • High — Financial Efficiency: Fundraising efficiency scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.