TAMPA VA RESEARCH & EDUCATION FOUN… - 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

1997

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $4,398,095 Revenue: $5,115,651

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...

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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 $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

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

$360,838

Total Directors

$1,558,025

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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

TAMPA VA RESEARCH & EDUCATION FOUNDATION INC