BEDFORD VA RESEARCH CORPORATION INC

EIN: 043512440 501(c)(3) Medical Research

BEDFORD, MA

Total Revenue
$998,217
Total Expenses
$883,086
Total Assets
$1,200,958
Net Assets
$784,700
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Principal Officer
JOHN M WELLS
Phone
7816873588
Tax Period
2024-07-01 to 2025-06-30

BEDFORD VA RESEARCH CORPORATION INC, founded in 2001, is a small nonprofit in the Medical Research sector that reported $998K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $883K left a modest 12% surplus.

Mission

TO HONOR THOSE WHO SERVED BY FACILITATING PUBLIC AND PRIVATE FUNDING TO SUPPORT INNOVATIVE RESEARCH AND EDUCATION INITITIVES CONDUCTED BY VA BEDFORD HEALTHCARE INVESTIGATORS AND COLLABORATORS WORKING TO IMPROVE THE HEALTH AND WELL-BEING OF VETERANS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $128
Program Service Revenue $953,468
Investment Income $18,852
Other Revenue $25,769
TOTAL REVENUE $998,217

Expense Breakdown

Grants Paid $0
Salaries & Benefits $267,074
Fundraising Expenses $0
Program Expenses $639,892
Other Expenses $616,012
TOTAL EXPENSES $883,086

Year-over-Year Comparison

2024 2023 Change
Revenue $998,217 $1,409,354 -0.3%
Expenses $883,086 $1,245,371 -0.3%
Net Income $115,131 $163,983 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
3
Employees
12
Volunteers
1

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$55,397
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN M WELLS PRESIDENT 1.00
Officer Director
$0 $0 $0
KEVIN BURNS TREASURER 1.00
Officer Director
$0 $0 $0
DAVID A SMELSON PSYD SECRETARY 1.00
Officer Director
$0 $0 $0
MARCUS RUOPP MD DIRECTOR 1.00
Director
$0 $0 $0
DAVID SYKES DIRECTOR 1.00
Director
$0 $0 $0
PATRICK SIMON DIRECTOR 1.00
Director
$0 $0 $0
BARBARA BOKHOUR MD DIRECTOR 1.00
Director
$0 $0 $0
KEVIN M FORREST DIRECTOR 1.00
Director
$0 $0 $0
JAMES MEISEL MD DIRECTOR 1.00
Director
$0 $0 $0
CARMEN MINCY EXECUTIVE DIRECTOR 25.00
Officer
$55,397 $0 $55,397
DONALD MILLER PRINCIPAL INVESTIGAT 36.00
Highest
$101,850 $0 $101,850
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $998,217 $883,086 $1,200,958 $115,131
2024 $1,409,354 $1,245,371 $1,042,561 $163,983
2023 $892,569 $931,195 $1,049,258 $-38,626
2022 $922,454 $628,649 $886,350 $293,805
2021 $719,802 $657,317 $871,888 $62,485
2020 $529,543 $508,645 $715,799 $20,898
2019 $663,936 $623,533 $820,975 $40,403
2018 $617,928 $755,379 $665,693 $-137,451
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