TAMPA VA RESEARCH & EDUCATION FOUNDATION INC

EIN: 593444354 501(c)(3) Medical Research

TEMPLE TERRACE, FL

Total Revenue
$5,218,291
Total Expenses
$4,898,750
Total Assets
$4,867,946
Net Assets
$3,522,056
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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
1997
Legal Domicile
FL
Principal Officer
RISA RICHARDSON PHD
Phone
8137802623
Tax Period
2024-01-01 to 2024-12-31

TAMPA VA RESEARCH & EDUCATION FOUNDATION INC, founded in 1997, is a community nonprofit in the Medical Research sector that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $4.9M left a modest 6% surplus.

Mission

MEDICAL RESEARCH WHICH INCLUDES THE CONDUCT OF INVESTIGATIONS, EXPERIMENTS AND STUDIES TO DISCOVER, DEVELOP AND/OR VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSIS, TREATMENT, PREVENTION AND/OR CONTROL OF PHYSICAL OR MENTAL DISEASES AND IMPAIRMENTS OF HUMAN BEINGS. SUCH ACTIVITIES ENCOMPASS THE ASSOCIATED DISCIPLINES SPANNING THE BIOLOGICAL, SOCIAL AND BEHAVIORAL SCIENCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,115,651
Investment Income $100,069
Other Revenue $2,571
TOTAL REVENUE $5,218,291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,337,724
Fundraising Expenses $0
Program Expenses $4,398,095
Other Expenses $561,026
TOTAL EXPENSES $4,898,750

Year-over-Year Comparison

2024 2023 Change
Revenue $5,218,291 $3,447,053 +0.5%
Expenses $4,898,750 $3,477,743 +0.4%
Net Income $319,541 $-30,690 -11.4%
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
7
Independent Members
3
Employees
42
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
2
$360,838
Total Directors
7
$1,558,025
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BLASY DIRECTOR 0.50
Director
$0 $0 $456,686
DAVID WHITAKER MD DIRECTOR 0.50
Director
$0 $0 $364,262
JOHN F TONEY MD DIRECTOR 0.50
Director
$0 $0 $270,963
RISA RICHARDSON PHD CHAIRPERSON 0.50
Officer Director
$0 $0 $240,000
DAVID K DUNNING DIRECTOR 0.50
Director
$0 $0 $226,114
DOUGLAS L REEDER EXECUTIVE DI 40.00
Officer
$120,838 $0 $120,838
LEROY COLLINS III DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM R GOWER JR PHD DIRECTOR 0.50
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 $5,218,291 $4,898,750 $4,867,946 $319,541
2023 $3,447,053 $3,477,743 $4,719,693 $-30,690
2022 $3,316,971 $3,406,181 $4,141,238 $-89,210
2021 $3,415,527 $3,119,744 $4,353,686 $295,783
2020 $3,727,187 $2,405,078 $4,025,969 $1,322,109
2019 $3,787,950 $3,791,592 $2,884,561 $-3,642
2018 $3,322,486 $3,386,645 $2,431,439 $-64,159
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