NATIONAL ASSOCIATION OF VETERANS' RESEARCH AND EDUCATION FOUNDATIONS

EIN: 521784596 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$1,296,400
Total Expenses
$1,690,171
Total Assets
$1,332,199
Net Assets
$817,756
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
DC
Principal Officer
RASHI ROMANOFF
Phone
7032028113
Tax Period
2023-10-01 to 2024-09-30

NATIONAL ASSOCIATION OF VETERANS' RESEARCH AND EDUCATION FOUNDATIONS, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 30% operating deficit.

Mission

NAVREF'S MISSION IS TO ADVANCE THE SUCCESS OF THE VA-AFFILIATED NONPROFIT RESEARCH AND EDUCATION CORPORATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $348,859
Program Service Revenue $907,587
Investment Income $39,693
Other Revenue $261
TOTAL REVENUE $1,296,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $627,267
Fundraising Expenses $21,537
Program Expenses $1,536,069
Other Expenses $1,062,904
TOTAL EXPENSES $1,690,171

Year-over-Year Comparison

2023 2022 Change
Revenue $1,296,400 $793,553 +0.6%
Expenses $1,690,171 $905,632 +0.9%
Net Income $-393,771 $-112,079 +2.5%
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
12
Independent Members
12
Employees
6
Volunteers
12

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
$269,791
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAWK V TRAN COO 40.00
Officer
$168,667 $0 $168,667
RASHI ROMANOFF CEO 40.00
Officer
$100,147 $977 $101,124
PEGGY BRADLEY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DAVID CENNIMO ACOS EDUCATI 1.00
Director
$0 $0 $0
MATTHEW COLLIER BOARD MEMBER 1.00
Director
$0 $0 $0
MAGGIE CZARNOGORSKI BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE HUGHES TREASURER 1.00
Officer Director
$0 $0 $0
JOSE HUIZAR ACOS R&D 1.00
Director
$0 $0 $0
WAQAR MALIK BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY REUTZEL BOARD MEMBER 1.00
Director
$0 $0 $0
BIRGIT ROLLER EXECUTIVE DI 1.00
Director
$0 $0 $0
REBECCA ROSALES BOARD VICE C 1.00
Officer Director
$0 $0 $0
KATRINA WASHBURN BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS WOOD EXECUTIVE DI 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 $1,296,400 $1,690,171 $1,332,199 $-393,771
2023 $793,553 $905,632 $1,401,694 $-112,079
2022 $746,809 $913,452 $1,650,717 $-166,643
2021 $862,245 $613,179 $1,923,513 $249,066
2020 $654,954 $671,399 $1,576,073 $-16,445
2019 $678,859 $756,466 $1,605,378 $-77,607
2018 $847,201 $772,697 $1,724,504 $74,504
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