THE BRONX VETERANS MEDICAL RESEARCH FOUNDATION INC

EIN: 133699250 501(c)(3)

BRONX, NY

Total Revenue
$4,742,936
Total Expenses
$5,933,755
Total Assets
$5,950,213
Net Assets
$5,500,394
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
JOHANE SIMELANE MPH MS
Phone
7187414442
Tax Period
2024-01-01 to 2024-12-31

THE BRONX VETERANS MEDICAL RESEARCH FOUNDATION INC, founded in 1992, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Expenses of $5.9M exceeded revenue, resulting in a 25% operating deficit.

Mission

BVMRF ADVANCES RESEARCH AND EDUCATION ACTIVITIES TO ENHANCE THE QUALITY OF CARE AND HEALTH FOR VETERANS. WE STRIVE TO SERVE OUR VETERANS WITH THE SAME LOYALTY, HONESTY, AND INTEGRITY THEY DISPLAYED SERVING US.

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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 $4,644,852
Program Service Revenue $0
Investment Income $95,459
Other Revenue $2,625
TOTAL REVENUE $4,742,936

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,753,763
Fundraising Expenses $0
Program Expenses $4,854,439
Other Expenses $2,179,992
TOTAL EXPENSES $5,933,755

Year-over-Year Comparison

2024 2023 Change
Revenue $4,742,936 $4,807,680 0.0%
Expenses $5,933,755 $5,877,880 +0.0%
Net Income $-1,190,819 $-1,070,200 +0.1%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
3
Employees
63
Volunteers
3

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
2
$548,465
Total Directors
11
$2,291,344
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BALAVENKATESH KANNA MD MPH CHAIRMAN 5.00
Officer Director
$0 $0 $384,985
DAVID NG MD BOARD MEMBER 1.00
Director
$0 $0 $371,155
MEENAKSHI ZAIDI MD BOARD MEMBER 5.00
Director
$0 $0 $323,759
TIMOTHY HALL MD BOARD MEMBER 1.00
Director
$0 $0 $299,685
GREGORY ELDER MD PHD BOARD MEMBER 1.00
Director
$0 $0 $267,092
SHELDON BROWN MD BOARD MEMBER 4.00
Director
$0 $0 $249,529
DAWN M SCHAAL MS BOARD MEMBER 1.00
Director
$0 $0 $203,239
MARY SANO PHD BOARD MEMBER 4.00
Director
$0 $0 $191,900
JOHANE SIMELANE MPH MS EXECUTIVE DI 40.00
Officer
$163,480 $0 $163,480
HEIDY SYKES BS CHIEF ACCOUN 40.00
Highest
$114,113 $0 $114,113
CANDACE GRANT MD PUBLIC BOARD 1.00
Director
$0 $0 $0
PHYLLIS SCHNEPF MS PUBLIC BOARD 1.00
Director
$0 $0 $0
IRIS COOK PHD PUBLIC BOARD 1.00
Director
$0 $0 $0
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
2024 $4,742,936 $5,933,755 $5,950,213 $-1,190,819
2023 $4,807,680 $5,877,880 $7,091,358 $-1,070,200
2022 $4,590,701 $5,529,808 $7,921,801 $-939,107
2021 $8,272,955 $6,293,043 $9,078,068 $1,979,912
2021 $8,272,955 $6,293,043 $9,078,068 $1,979,912
2020 $6,039,487 $4,017,843 $6,658,495 $2,021,644
2019 $3,747,756 $3,347,547 $4,587,205 $400,209
2018 $5,524,030 $3,166,235 $4,129,276 $2,357,795
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