PHILADELPHIA RESEARCH & EDUCATION FOUNDA

EIN: 233066002 501(c)(3) Medical Research

PHILADELPHIA, PA

Total Revenue
$2,071,124
Total Expenses
$2,397,902
Total Assets
$3,427,975
Net Assets
$2,463,793
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
PA
Principal Officer
VERA TAYLOR
Phone
2158235800
Tax Period
2024-07-01 to 2025-06-30

PHILADELPHIA RESEARCH & EDUCATION FOUNDA, founded in 2000, is a community nonprofit in the Medical Research sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO FACILITATE AND SERVE THE CORPORAL MICHAEL J. CRESCENZ VETERANS AFFAIRS MEDICAL CENTER'S (CMCVAMC) RESEARCH AND EDUCATION PROGRAMS

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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 $568,454
Program Service Revenue $1,369,128
Investment Income $133,542
Other Revenue $0
TOTAL REVENUE $2,071,124

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,270,183
Fundraising Expenses $0
Program Expenses $1,992,482
Other Expenses $1,127,719
TOTAL EXPENSES $2,397,902

Year-over-Year Comparison

2024 2023 Change
Revenue $2,071,124 $2,202,326 -0.1%
Expenses $2,397,902 $2,340,310 +0.0%
Net Income $-326,778 $-137,984 +1.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
26
Volunteers
N/A

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
5
$1,323,280
Total Directors
8
$1,666,113
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN J KELLY MD VICE-CHAIR 0.25
Officer Director
$0 $0 $367,548
KYONG-MI CHANG MD TREASURER 0.25
Officer Director
$0 $0 $338,465
LAWRENCE HOLZMAN MD DIRECTOR 0.25
Director
$0 $0 $292,083
EDNA SCHWAB MD SECRETARY 0.25
Officer Director
$0 $0 $283,836
KAREN FLAHERTY-OXLER RN CHAIR 0.25
Officer Director
$0 $0 $203,700
MICHAEL RAY DIRECTOR 0.25
Director
$0 $0 $0
MARTIN FARQUHAR HEYWORTH MD DIRECTOR 0.25
Director
$0 $0 $0
JENNIFER HARKINS MS FACHE DIRECTOR 0.25
Director
$0 $0 $180,481
GWENDOLYN CHAM EXECUTIVE DIRECTOR 40.00
Officer
$120,051 $9,680 $129,731
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 $2,071,124 $2,397,902 $3,427,975 $-326,778
2024 $2,202,326 $2,340,310 $3,317,769 $-137,984
2023 $2,630,237 $1,871,954 $3,774,629 $758,283
2022 $3,092,281 $1,437,690 $3,079,281 $1,654,591
2021 $1,954,451 $1,386,509 $2,618,166 $567,942
2020 $1,004,457 $1,017,471 $2,166,206 $-13,014
2019 $621,540 $756,144 $1,529,651 $-134,604
2018 $520,751 $532,895 $1,158,569 $-12,144
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