Loma Linda Veterans Association for Research and Education (EIN 330305099) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

Colin Rasmussen

Phone

9095836250

Tax Period

2022-10-01 to 2023-09-30

Loma Linda Veterans Association for Research and Education, founded in 1988, is a community nonprofit in the Medical Research sector that reported $3.5M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. Expenses of $4.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

The Loma Linda Veterans Association for Research and Education (LLVARE) is an independent, 501(c)(3), biomedical research institute that works in close affiliation with the U.S. Department of Veterans Affairs to support research dedicated to improving our understanding of human health and disease, and the development of new approaches to treat disease and impairment in the Veterans we serve.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,280,237

Program Service Revenue $2,184,960

Investment Income $63,609

Other Revenue $0

TOTAL REVENUE $3,528,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,330

Fundraising Expenses $0

Program Expenses $3,714,568

Other Expenses $4,087,223

TOTAL EXPENSES $4,377,553

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,528,806	$3,876,138	-0.1%
Expenses	$4,377,553	$4,357,934	+0.0%
Net Income	$-848,747	$-481,796	+0.8%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$672,813

Total Directors

$1,066,947

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
V Franklin Sechriest II	Secretary	2.00	Officer Director	$0	$0	$377,390
Hana El Ado Mikdachi	Board Member	2.00	Director	$0	$0	$313,466
Karandeep S Sraon	Board Member	2.00	Director	$0	$0	$199,791
Subburaman Mohan	Board Member	2.00	Director	$0	$0	$176,300
Colin Rasmussen	Executive Dir.	40.00	Officer	$154,427	$5,712	$160,139
Wei Dong	Research Scientist	40.00		$135,589	$6,212	$141,801
Sabry Eassa	CFO	40.00	Officer	$122,858	$12,426	$135,284
Weirong Xing	Research Scientist	40.00		$109,154	$11,720	$120,874
R Lynne Ruybalid	Scientific Dir CRG	40.00		$104,756	$10,600	$115,356
Andrew Gerber	Program Specialist	40.00		$104,927	$9,637	$114,564
David Wolf	Research Veterinar	40.00		$103,253	$10,092	$113,345
Bryan Hartnell	Board Chair	2.00	Officer Director	$0	$0	$0
David Tuttle	Treasurer	2.00	Officer Director	$0	$0	$0
Alfred Duerbig	Board Member	2.00	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
2023	$3,528,806	$4,377,553	$5,044,041	$-848,747
2022	$3,876,138	$4,357,934	$5,915,189	$-481,796
2021	$4,191,215	$3,991,115	$6,134,235	$200,100
2020	$3,350,551	$3,571,239	$6,479,925	$-220,688
2019	$3,235,266	$3,466,033	$6,141,982	$-230,767
2018	$3,796,365	$3,729,615	$6,225,273	$66,750

Loma Linda Veterans Association for Research and Education