MIDWEST VETERANS' BIOMEDICAL RESEARCH FOUNDATION (EIN 431496422) - 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

DR JULIE GOUDA

Phone

8169218311

Tax Period

2024-10-01 to 2025-09-30

MIDWEST VETERANS' BIOMEDICAL RESEARCH FOUNDATION, founded in 1988, is a community nonprofit in the Medical Research sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 35% operating margin.

Mission

TO PREVENT AND CURE VETERAN-SPECIFIC ILLNESSES AND INJURIES THROUGH INNOVATIVE RESEARCH AND EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,940,311

Program Service Revenue $944,285

Investment Income $316,943

Other Revenue $0

TOTAL REVENUE $3,201,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,737,927

Fundraising Expenses $0

Program Expenses $1,719,391

Other Expenses $355,433

TOTAL EXPENSES $2,093,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,201,539	$2,793,385	+0.1%
Expenses	$2,093,360	$2,284,273	-0.1%
Net Income	$1,108,179	$509,112	+1.2%

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

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

$254,277

Total Directors

$1,496,380

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY JOHNSON MD	DIRECTOR	1.00	Director	$0	$0	$346,266
STEVE BUBB MD	DIRECTOR	1.00	Director	$0	$0	$0
SEEMA JOSHI	DIRECTOR	1.00	Director	$0	$0	$278,138
PAULA ROYCHAUDHURI	CHAIR	1.00	Director	$0	$0	$162,890
ANTHONY KLOPFER	DIRECTOR	1.00	Director	$0	$0	$226,674
RAMRATAN SHARMA PHD	TREASURER	1.00	Officer Director	$0	$0	$156,099
WILLARD SNYDER JD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DONALD R CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$79,311
RODERICK COX	DIRECTOR	1.00	Director	$0	$0	$0
FRANK PIPER MD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM G ECKHARDT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL D PAYNE JR	DIRECTOR	1.00	Director	$0	$0	$247,002
JEFFREY WEISMAN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE GOUDA MD	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$98,178
PAUL HOPKINS	DIRECTOR	1.00		$0	$0	$285,171
CHRISTINE FAULK MD	DIRECTOR	1.00		$0	$0	$331,456
SHARAD MATHUR MD	DIRECTOR	1.00		$0	$0	$386,011

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	$3,201,539	$2,093,360	$4,942,824	$1,108,179
2024	$2,793,385	$2,284,273	$3,736,665	$509,112
2023	$2,288,378	$2,302,172	$3,172,666	$-13,794
2022	$2,142,096	$2,310,163	$3,199,382	$-168,067
2022	$2,142,096	$2,310,163	$3,199,382	$-168,067
2021	$2,083,732	$2,017,120	$3,748,607	$66,612
2020	$1,907,341	$2,253,728	$3,811,053	$-346,387
2019	$2,828,918	$2,646,482	$3,758,939	$182,436

MIDWEST VETERANS' BIOMEDICAL RESEARCH FOUNDATION