RICHMOND INSTITUTE FOR VETERANS RESEARCH

EIN: 541522206 501(c)(3) Medical Research

RICHMOND, VA

Total Revenue
$5,390,119
Total Expenses
$5,179,414
Total Assets
$16,007,373
Net Assets
$15,710,259
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VA
Principal Officer
SHERYL UNDERWOOD
Phone
8046755151
Tax Period
2024-01-01 to 2024-12-31

RICHMOND INSTITUTE FOR VETERANS RESEARCH, founded in 1989, is a community nonprofit in the Medical Research sector that reported $5.4M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $5.2M left a modest 4% surplus.

Mission

MEDICAL RESEARCH, EDUCATION AND PATIENT CARE.

Program Service Accomplishments

Program 1
Expenses: $3,961,869

RICHMOND INSTITUTE FOR VETERANS RESEARCH (RIVR) IS A 501(C)(3)/509(A)(3)ORGANIZATION FORMED TO SUPPORT RESEARCH, EDUCATION, AND PATIENT CARE IN THE RICHMOND VA MEDICAL CENTER. RIVR SUPPORTS OVER 100...

Read more

RICHMOND INSTITUTE FOR VETERANS RESEARCH (RIVR) IS A 501(C)(3)/509(A)(3)ORGANIZATION FORMED TO SUPPORT RESEARCH, EDUCATION, AND PATIENT CARE IN THE RICHMOND VA MEDICAL CENTER. RIVR SUPPORTS OVER 100 VA APPROVED RESEARCH PROJECTS. INVESTIGATORS FOCUS THEIR EFFORTS ON CARRYING OUT STUDIES TO DEVELOP AND VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSES, TREATMENT, AND PREVENTION OF DISEASE. INVESTIGATORS PUBLISH SCIENTIFIC ARTICLES AND PRESENT THEM AT SCIENTIFIC MEETINGS.

Program 2
Expenses: $259,686 Revenue: $52,628

INSTITUTIONAL REVIEW BOARD IS AN INDEPENDENT BOARD THAT REVIEWS PROPOSOSED STUDIES TO ENSURE THAT THERE ARE ADEQUATE SAFEGUARDS FOR HUMAN SUBJECT PROTECTION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,619,784
Program Service Revenue $52,628
Investment Income $702,907
Other Revenue $14,800
TOTAL REVENUE $5,390,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,892,148
Fundraising Expenses $0
Program Expenses $4,221,555
Other Expenses $2,287,266
TOTAL EXPENSES $5,179,414

Year-over-Year Comparison

2024 2023 Change
Revenue $5,390,119 $5,678,794 -0.1%
Expenses $5,179,414 $4,389,317 +0.2%
Net Income $210,705 $1,289,477 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
74
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
3
$221,990
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J RONALD JOHNSON DIRECTOR 3.00
Director
$0 $0 $0
LENORE N JOSEPH MD DIRECTOR 3.00
Director
$0 $0 $0
ANTHONY J MINISI MD DIRECTOR 3.00
Director
$0 $0 $0
MARY FARRELL DIRECTOR 3.00
Director
$0 $0 $0
MICHAEL GODSCHALK MD DIRECTOR 3.00
Director
$0 $0 $0
MICHAEL PANDAK MD DIRECTOR 3.00
Director
$0 $0 $0
DENISE LESTER DIRECTOR 3.00
Director
$0 $0 $0
JULIE BEALES MD DIRECTOR - ENDED 08/15/2024) 3.00
Director
$0 $0 $0
THOMAS MURPHY DIRECTOR - INTERIM CHIEF OF STAFF (STARTED 11/21/2 3.00
Director
$0 $0 $0
JOSE HUIZAR CHAIRMAN OF THE BOARD 3.00
Officer Director
$0 $0 $0
SHERYL UNDERWOOD EXEC DIRECTOR 40.00
Officer
$122,300 $0 $122,300
MIKELA JULY FINANCIAL OFFICER 40.00
Officer
$99,690 $0 $99,690
FRANKLIN ZIEVE PRINCIPAL INVESTIGATOR 20.00
Highest
$145,375 $0 $145,375
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 No data No data No data No data
2024 $5,390,119 $5,179,414 $16,007,373 $210,705
2023 $5,678,794 $4,389,317 $15,789,906 $1,289,477
2022 $5,239,440 $4,364,944 $14,555,123 $874,496
2021 $5,784,509 $3,591,762 $13,483,713 $2,192,747
2020 $4,961,837 $4,134,969 $11,530,540 $826,868
2019 $5,453,609 $4,690,778 $10,566,209 $762,831
2018 $6,058,340 $4,289,756 $10,034,705 $1,768,584
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare RICHMOND INSTITUTE FOR VETERANS RESEARCH with other nonprofits in Virginia and across the country.