Munster Medical Research Foundation Inc
93% goes to programs $0 to raise $100
Munster Medical Research Foundation Inc is a 501(c)(3) organization based in Munster, Indiana, registered in 2002, with $729,046,531 in FY2023 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
10010 Donald S Powers Dr, Munster, IN, 46321 EIN 35-1107009 Since 2002
Revenue (FY2023)
$729.0M
▲ 4.5% vs prior year
Health median: $840K
Expenses (FY2023)
$666.7M
Net assets
$294.0M
Employees
4,014
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Munster Medical Research Foundation Inc: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Munster Medical Research Foundation Inc: 5 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Munster Medical Research Foundation Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Munster Medical Research Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Community hospital is committed to providing the highest quality care in the most cost-efficient manner, respecting the dignity of the individual.
What they do
Munster medical research foundation, inc. has a 427 bed capacity. nursing staff work to ensure the delivery of optimal and excellent patient care services in population and acuity specific areas ranging from icu, imcu, telemetry, medical, surgical, pediatric, labor and delivery, and neonatology.
Munster medical research foundation, inc. had 301,862 outpatient visits from its three locations. the majority of these visits were for laboratory services and radiology services.
Laboratory - 1,587,623 specimens collected
Contact & location
- Address
- 10010 Donald S Powers Dr, Munster, IN, 46321
- City
- Munster
- State
- Indiana
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $465.4M (FY2013) to $729.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $37.0MNet assets $294.0M
Operating margin
8.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$330.9M
Total liabilities
$37.0M
Net assets
$294.0M
Salaries & benefits
$264.1M
40% of expenses
Board members
18
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $729,046,531▲4.5% | $666,693,122▲4.5% | $293,970,364▲10.4% | $330,922,286▲9.2% | 990 |
| 2022 | $697,354,123▲4.4% | $637,952,531▲6.4% | $266,309,481▲25.1% | $302,935,755▲4.3% | 990 |
| 2021 | $668,139,827▲1.1% | $599,521,646▲4.7% | $212,960,925▲27.4% | $290,499,484▼2.2% | 990 |
| 2020 | $660,640,751▲11.8% | $572,702,751▲5.7% | $167,116,490▼5.3% | $297,008,950▼1.7% | 990 |
| 2019 | $590,832,399▲1.5% | $542,065,825▼6.7% | $176,554,268▼37.2% | $302,295,865▼11.0% | 990 |
| 2018 | $582,163,585▲3.0% | $581,269,026▲16.2% | $281,174,195▲0.4% | $339,676,261▲5.2% | 990 |
| 2017 | $565,187,109▲6.7% | $500,109,171▲5.5% | $279,933,546▲35.9% | $322,770,502▲11.1% | 990 |
| 2016 | $529,577,408▲4.2% | $473,917,236▲3.6% | $205,912,256▲26.6% | $290,458,956▲1.2% | 990 |
| 2015 | $508,141,824▲2.6% | $457,662,726▲4.8% | $162,586,389▼16.8% | $287,056,468▼2.2% | 990 |
| 2014 | $495,231,000▲6.4% | $436,876,046▲1.8% | $195,482,732▲10.2% | $293,559,844▲1.3% | 990 |
| 2013 | $465,413,692 | $429,093,150▲0.6% | $177,354,017▲75.5% | $289,849,570▲10.1% | 990 |
| 2012 | — | $426,375,342▼1.2% | $101,037,483▲16.9% | $263,153,559▲4.0% | 990 |
| 2011 | — | $431,749,650▲4.9% | $86,397,853▼29.8% | $253,047,288▲2.7% | 990 |
| 2010 | — | $411,756,266▲7.8% | $123,047,359 | $246,359,812▼1.6% | 990 |
| 2009 | — | $381,855,489 | $122,987,146 | $250,460,388 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Randy Neiswonger — $869,790 (0.13% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Randy Neiswonger | Administrator | 40 | $869,790 |
| Louis Lin | Anesthesiologist | 40 | $627,759 |
| Paul C Anderson | Anesthesiologist | 40 | $614,485 |
| Irida Nikolla | Anesthesiologist | 40 | $612,037 |
| Simona Joffe Siddall | Anesthesiologist | 40 | $574,614 |
| Richard Berkowitz | Medical Director | 40 | $530,923 |
| Daniel O'brien | Vp Finance/cfo | 38 | $471,440 |
| Ronda Mckay | Vp & Cno | 40 | $428,019 |
| Amy Han Phd | Director | 1 | — |
| Constantine Dovellos | Director | 1 | — |
| David A Bochnowski | Treasurer | 1 | — |
| David E Wickland | President | 1 | — |
| Donald C Torrenga | Vice President | 1 | — |
| Eric Compton Dds | Secretary | 1 | — |
| Frankie L Fesko | Director | 1 | — |
| Howard Marcus | Director | 1 | — |
| Ingrid Schwarz Wolf Dds | Director (term 3/2024) | 1 | — |
| Luis Molina | Former Officer | 0 | — |
| Michael J Mellon | Director | 1 | — |
| Michael Purcell | Director | 1 | — |
Top vendors & contractors (FY2014)
| Contractor | Services | Paid |
|---|---|---|
| Walsh Construction Company LLC | Construction | $10,503,318 |
| Rehabgroup Inc | Rehab Care Services | $3,897,356 |
| The Pangere Corporation | Construction | $2,489,417 |
| Alliance Healthcare Services Inc | Mri Imaging | $1,603,439 |
| Hasse Construction | Construction | $1,394,716 |
Grants received · $30K total
1 grant to Munster Medical Research Foundation Inc totaling $30K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Aortic stenosis initiative | 2023 | $30,000 |
Grants made · $5,530 in FY2021
1 grant totaling $5,530 in FY2021. All grants made by Munster Medical Research Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Times-lee Advertising | Sponsorship | $5,530 |
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Frequently asked questions
- Is Munster Medical Research Foundation Inc a legitimate nonprofit?
- Yes. Munster Medical Research Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-1107009, based in Munster, Indiana. Donations are tax-deductible.
- What is Munster Medical Research Foundation Inc's EIN?
- Munster Medical Research Foundation Inc's Employer Identification Number (EIN) is 35-1107009.
- How much revenue does Munster Medical Research Foundation Inc report?
- Munster Medical Research Foundation Inc reported $729,046,531 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Munster Medical Research Foundation Inc's spending goes to programs?
- Munster Medical Research Foundation Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Munster Medical Research Foundation Inc have?
- CharityIndex grades Munster Medical Research Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Munster Medical Research Foundation Inc's highest-paid employee make?
- The highest reported compensation on Munster Medical Research Foundation Inc's latest Form 990 is $869,790, paid to Randy Neiswonger (Administrator).
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Data for Munster Medical Research Foundation Inc (EIN 35-1107009) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.