WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
NAVREF'S MISSION IS TO ADVANCE THE SUCCESS OF THE VA-AFFILIATED NONPROFIT RESEARCH AND EDUCATION CORPORATIONS.
EDUCATION: EDUCATION IS A CRITICAL COMPONENT OF NAVREF'S VISION, MISSION AND VALUES. NAVREF OFFERS A VARIETY OF EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS. THESE INCLUDE: (1) TRAINING WORKSHOPS-...
EDUCATION: EDUCATION IS A CRITICAL COMPONENT OF NAVREF'S VISION, MISSION AND VALUES. NAVREF OFFERS A VARIETY OF EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS. THESE INCLUDE: (1) TRAINING WORKSHOPS- TYPICALLY 2-DAY EVENTS FOCUSED ON TOPICS OF INTEREST, (2) A MONTHLY WEBINAR SERIES- A MEMBER- DRIVEN ONLINE SERIES THAT DELIVERS EDUCATIONAL CONTACT EACH MONTH TO ADDRESS EVOLVING NPC-RELATED TOPICS AND PRESENT SERVICES TO MEMBERS, AND (3) REGULAR FORUM CALLS - BIWEEKLY VIDEO CALLS WHERE MEMBERS CAN DISCUSS ANY EMERGING CONCERN OR ISSUE THEY ARE FACING LOCALLY AT THEIR NPC. IN ADDITION, NAVREF OFFERS MEMBERS FREE BEST PRACTICE CONSULTATION SERVICES WHICH INVOLVES AN INTENSE PREPARATORY REVIEW OF BYLAWS, STRATEGY, POLICIES, PROCEDURES, AND FINANCES FOLLOWED BY A SITE VISIT TO DISCUSS SPECIFIC ISSUES AND SOLUTIONS WITH THE NPC'S EXECUTIVES AND BOARD OF DIRECTORS. THE CENTERPIECE OF NAVREF'S EDUCATIONAL PROGRAM IS OUR ANNUAL CONFERENCE. THE 3-DAY EVENT AVERAGES 200 ATTENDEES FROM MEMBER ORGANIZATIONS AND FOCUSES ON THE MOST RELEVANT TOPICS RELATED TO ADMINISTRATION, GOVERNANCE, FINANCIAL MANAGEMENT, HUMAN RESOURCES, AND REVENUE DEVELOPMENT. PLENARY SPEAKERS FROM THE U.S. CONGRESS, DEPARTMENT OF VETERANS AFFAIRS, NATIONAL INSTITUTES OF HEALTH, AND THE LIFE SCIENCES INDUSTRY PROVIDE KEEN INSIGHT ON DEVELOPING TRENDS AND INITIATIVES. NAVREF ALSO COORDINATES WITH OUR MEMBERS AND OTHER NONPROFIT ORGANIZATIONS TO PROVIDE ADDITIONAL EDUCATIONAL CONTENT FOR MEMBER EMPLOYEES AND VA-AFFILIATED PERSONNEL AT NO COST TO THE MEMBERS.
MEMBER COMMUNICATIONS & SERVICES: NAVREF ENSURES THE SUCCESS OF ITS MEMBERS BY PROVIDING BOTH DIRECT AND INDIRECT SERVICES. MEMBERS ARE ENCOURAGED TO REACH OUT TO NAVREF STAFF BY PHONE OR EMAIL FOR...
MEMBER COMMUNICATIONS & SERVICES: NAVREF ENSURES THE SUCCESS OF ITS MEMBERS BY PROVIDING BOTH DIRECT AND INDIRECT SERVICES. MEMBERS ARE ENCOURAGED TO REACH OUT TO NAVREF STAFF BY PHONE OR EMAIL FOR TECHNICAL ASSISTANCE AND SUPPORT. INFORMATION IS ALSO DISSEMINATED TO MEMBERS VIA THE ORGANIZATION'S WEBSITE, EMAIL, AND THE QUARTERLY NEWSLETTER PRODUCED BY STAFF. THIS NEWSLETTER CONTAINS ARTICLES, COLUMNS, AND REMINDERS KEEPING ALL MEMBERS UP TO DATE ON CURRENT ACTIVITIES WITHIN THE NON-PROFIT SECTOR, THE CLINICAL RESEARCH INDUSTRY, AND THE VETERAN RESEARCH COMMUNITY. OVER ITS 32-YEAR HISTORY, NAVREF HAS DEVELOPED CONTACTS WITH NUMEROUS EXPERTS IN NPC GOVERNANCE, FINANCES, HUMAN RESOURCES, GRANTS MANAGEMENT, ADVOCACY, AND RESEARCH ADMINISTRATION. MANY OF THESE EXPERTS MAKE THEMSELVES AVAILABLE TO NAVREF AND ITS MEMBERS TO ADDRESS EMERGING ISSUES. IN KEEPING WITH ITS VISION TO PROMOTE PARTNERSHIPS TO ADVANCE VETERAN HEALTH, NAVREF PROVIDES CLINICAL TRIAL MATCHMAKING SERVICES WHICH CONNECT MEMBER ORGANIZATIONS WITH CLINICAL RESEARCH OPPORTUNITIES FOR VETERANS. NAVREF STAFF ACTIVELY PURSUE RELATIONSHIPS WITH PHARMACEUTICAL COMPANIES AND CONTRACT RESEARCH ORGANIZATIONS INTERESTED IN CONDUCTING RESEARCH STUDIES AT VA MEDICAL CENTERS. NAVREF NEGOTIATES WITH VENDORS TO PROVIDE SERVICES FOR MEMBER ORGANIZATIONS AT GROUP DISCOUNTS.
PROGRAM DEVELOPMENT: IN COLLABORATION WITH THE VA OFFICE OF RESEARCH & DEVELOPMENT, NAVREF INITIATED THE ACCESS TO CLINICAL TRIALS FOR VETERANS (ACT FOR VETERANS) PROGRAM IN 2017. THIS WAS A...
PROGRAM DEVELOPMENT: IN COLLABORATION WITH THE VA OFFICE OF RESEARCH & DEVELOPMENT, NAVREF INITIATED THE ACCESS TO CLINICAL TRIALS FOR VETERANS (ACT FOR VETERANS) PROGRAM IN 2017. THIS WAS A MULTIYEAR EFFORT DESIGNED TO PROVIDE VETERANS WITH GREATER ACCESS TO INDUSTRY SPONSORED CLINICAL TRIALS AND MAKE VA A PARTNER OF CHOICE FOR INDUSTRY SPONSORED TRIALS. ONE CRITICAL OUTCOME OF THIS EFFORT WAS THE LAUNCH OF NAVREF'S INDUSTRY PARTNER CONSORTIUM IN 2021. THE INDUSTRY PARTNER CONSORTIUM SERVES AS A PLATFORM FOR INDUSTRY SPONSORS, NONPROFIT ORGANIZATIONS, AND OTHER EXTERNAL PARTNERS TO IDENTIFY, COLLABORATE, AND OVERCOME CHALLENGES WITHIN VA RESEARCH THAT HINDER OUR NATION'S VETERANS FROM ACCESSING CUTTING-EDGE CLINICAL TRIAL OPPORTUNITIES. THE CONSORTIUM CONVENES REGULARLY AND REPRESENTS STAKEHOLDERS FROM A VARIETY OF HEALTH CARE INDUSTRIES. ONE OF THE MOST SIGNIFICANT PRODUCTS OF THE INDUSTRY PARTNER CONSORTIUM HAS BEEN THE JOINT ESTABLISHMENT WITH VA OF THE PARTNERED RESEARCH PROGRAM (PRP), A DEDICATED RESOURCE FOR INTERNAL AND EXTERNAL STAKEHOLDERS INTERESTED IN CONDUCTING MULTISITE TRIALS WITHINWITHIN VA. NAVREF ALSO OFFERS NO-COST CLINICAL TRIALS CONSULTATIONS TO ALL RESEARCH PARTNERS THAT MAY BE INTERESTED IN BRINGING MORE CLINICAL RESEARCH OPPORTUNITIES TO VETERANS. THROUGH REGUALR OUTREACH, NAVREF IS HEIGHTENING AWARENESS OF VA RESEARCH AND THE NONPROFITS AND EXPLORING OPPORTUNITIES TO PARTNER AND COLLABORATE TO BENEFIT VETERANS' HEALTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare NATIONAL ASSOCIATION OF VETERANS' RESEARCH AND EDUCATION FOUNDATIONS with other nonprofits in District of Columbia and across the country.