HOUSTON VA RESEARCH & EDUCATION FO… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

CHRIS RODNEY

Phone

7134404400

Tax Period

2024-10-01 to 2025-09-30

HOUSTON VA RESEARCH & EDUCATION FOUNDATION INC, founded in 2003, is a small nonprofit in the Diseases & Disorders sector that reported $962K in total revenue in fiscal year 2024. Expenses of $871K left a modest 10% surplus.

Mission

THE PRIMARY TAX-EXEMPT PURPOSE OF THE HOUSTON VA RESEARCH & EDUCATION FOUNDATION, INC., A 501(C)(3) RESEARCH AND EDUCATION FOUNDATION ESTABLISHED IN ACCORDANCE WITH TITLE 38, UNITED STATES CODE SECTION 7361 THROUGH 7366, IS TO FACILITATE THE CONDUCT OF THE MEDICAL RESEARCH AND EDUCATIONAL ACTIVITIES OF THE MICHAEL E. DEBAKEY VETERANS AFFAIRS MEDICAL CENTER BY ACTING AS A FLEXIBLE FUNDING MECHANISM IN ACHIEVING THE GOALS OF THE PROGRAMS. FUNDS SPENT BY THE FOUNDATION DIRECTLY OR INDIRECTLY SUPPORTS VA FACULTY AND STAFF IN THEIR RESEARCH, EDUCATION, AND TRAINING ENDEAVORS TO FOSTER PROGRESS IN LABORATORY SCIENCE, CLINICAL SCIENCE, AND REHABILITATIVE AND HEALTH SERVICE PROGRAMS THAT BENEFIT THE NATION'S VETERANS AND GENERAL POPULATION. THE FOUNDATION SUPPORTS THE ONGOING DEVELOPMENT OF VA FACULTY AND STAFF THROUGH EDUCATION AND TRAINING ACTIVITIES DESIGNED TO INCREASE THE BREADTH OF KNOWLEDGE USED TO FACILITATE PATIENT CARE.

Program Service Accomplishments

Program 1

Expenses: $709,732 Revenue: $937,349

CLINICAL RESEARCH TO FOSTER PROGRESS IN HEALTH SERVICES PROGRAMS THAT BENEFIT THE NATION'S VETERANS AND GENERAL PUBLIC AND EDUCATION, TRAINING, AND DEVELOPMENT ACTIVITIES CONDUCTED ON BEHALF OF VA...

CLINICAL RESEARCH TO FOSTER PROGRESS IN HEALTH SERVICES PROGRAMS THAT BENEFIT THE NATION'S VETERANS AND GENERAL PUBLIC AND EDUCATION, TRAINING, AND DEVELOPMENT ACTIVITIES CONDUCTED ON BEHALF OF VA EMPLOYEES.

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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 $0

Program Service Revenue $937,349

Investment Income $19,595

Other Revenue $5,390

TOTAL REVENUE $962,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $437,075

Fundraising Expenses $0

Program Expenses $709,732

Other Expenses $433,599

TOTAL EXPENSES $870,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$962,334	$963,142	0.0%
Expenses	$870,674	$614,660	+0.4%
Net Income	$91,660	$348,482	-0.7%

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

$1,111,594

Total Directors

$1,932,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE LAN MD	VICE CHAIR	0.15	Officer Director	$0	$0	$400,915
LAURA PETERSEN MD MHA	STATUTORY DI	0.15	Director	$0	$0	$317,309
ANGELA CATIC MD	DIRECTOR	0.15	Director	$0	$0	$265,018
FRANCISCO VAZQUEZ MBA	CHAIR	0.15	Officer Director	$0	$0	$232,896
LAURIE MITCHELL PHD	DIRECTOR	0.15	Director	$0	$0	$212,955
LINDSEY CRAIN	CHAIR	0.15	Officer Director	$0	$0	$187,860
JAMES EGGERS MHA MBA	DIRECTOR	0.15	Director	$0	$0	$164,411
CURTIS BERGERON MBA	SECRETARY/TR	0.15	Officer Director	$0	$0	$151,059
CHRIS RODNEY	EXECUTIVE DI	40.00	Officer	$138,864	$0	$138,864
DANIEL MUSHER MD	DIRECTOR	0.15	Director	$0	$0	$0
EDGAR TUCKER MD	DIRECTOR	0.15	Director	$0	$0	$0
DONALD WAGNER MHA	DIRECTOR	0.15	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
2025	$962,334	$870,674	$9,895,775	$91,660
2024	$963,142	$614,660	$10,102,747	$348,482
2023	$818,266	$638,287	$9,624,919	$179,979
2022	$1,019,768	$462,600	$9,500,536	$557,168
2021	$1,838,829	$632,657	$8,399,149	$1,206,172
2020	$757,189	$806,773	$6,877,225	$-49,584
2019	$1,039,708	$920,908	$6,788,451	$118,800
2018	$1,482,899	$1,259,202	$6,601,969	$223,697

HOUSTON VA RESEARCH & EDUCATION FOUNDATION INC