TUSCALOOSA RESEARCH & EDUCATION ADVANCEMENT CORPORATION

EIN: 631078214 501(c)(3) Medical Research

TUSCALOOSA, AL

Total Revenue
$1,080,000
Total Expenses
$1,017,086
Total Assets
$998,148
Net Assets
$784,075
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
AL
Principal Officer
SANDRA R CREEL
Phone
2055542000
Tax Period
2023-10-01 to 2024-09-30

TUSCALOOSA RESEARCH & EDUCATION ADVANCEMENT CORPORATION, founded in 1991, is a small nonprofit in the Medical Research sector that reported $629K in total revenue in fiscal year 2017. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $566K left a modest 10% surplus.

Mission

TO IMPROVE THE HEALTH AND QUALITY OF LIFE OF VETERANS THROUGH THE ADVANCEMENT OF CLINICAL KNOWLEDGE THROUGH RESEARCH AND EDUCATION.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $159,845
Program Service Revenue $885,049
Investment Income $29,809
Other Revenue $5,297
TOTAL REVENUE $1,080,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $583,119
Fundraising Expenses $0
Program Expenses $870,668
Other Expenses $433,967
TOTAL EXPENSES $1,017,086

Year-over-Year Comparison

2023 2022 Change
Revenue $1,080,000 $841,800 +0.3%
Expenses $1,017,086 $786,836 +0.3%
Net Income $62,914 $54,964 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
9
Independent Members
3
Employees
11
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
8
$1,057,279
Total Directors
11
$1,109,207
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI DAVIS ASSO. CHIEF 2.00
Officer Director
$0 $0 $290,935
TONY DAVIS CHIEF OF STA 2.00
Officer Director
$0 $0 $285,956
MICHLLE HILGEMAN INT. ASSO. C 2.00
Officer Director
$0 $0 $150,835
KATHY RIDINGS SEC./TREASUR 2.00
Officer Director
$0 $0 $136,328
TRACY Y WHITE NON-STATUTOR 2.00
Director
$0 $0 $131,911
MARSHANDA BURRELL CHIEF OF EDU 2.00
Officer Director
$0 $0 $113,242
SANDRA R CREEL EXECUTIVE DI 40.00
Officer
$79,983 $0 $79,983
PETER BULATAO PRESIDENT 2.00
Officer Director
$0 $0 $0
MICHAEL CROUCH COMMUNITY ME 2.00
Director
$0 $0 $0
JOHN F MERKLE DIRECTOR OF 2.00
Officer Director
$0 $0 $0
JAY D MOYER COMMUNITY ME 2.00
Director
$0 $0 $0
SHANE SEARS COMMUNITY ME 2.00
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 $1,080,000 $1,017,086 $998,148 $62,914
2023 $841,800 $786,836 $1,126,529 $54,964
2022 $1,160,258 $1,265,308 $1,040,495 $-105,050
2021 $1,532,914 $1,454,086 $899,888 $78,828
2020 $1,520,139 $1,689,849 $1,248,744 $-169,710
2019 $1,868,474 $1,677,494 $1,441,396 $190,980
2018 $629,327 $566,324 $1,151,269 $63,003
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