TUSCALOOSA RESEARCH & EDUCATION AD… - 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

1991

Legal Domicile

Principal Officer

SANDRA R CREEL

Phone

2055542000

Tax Period

2024-10-01 to 2025-09-30

TUSCALOOSA RESEARCH & EDUCATION ADVANCEMENT CORPORATION, founded in 1991, is a community nonprofit in the Medical Research sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.2M 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.

Program Service Accomplishments

Program 1

Expenses: $1,054,677 Revenue: $1,110,265

TREAC'S FY25 PROGRAM ACCOMPLISHMENTS ARE PRIMARILY RELATED TO RESEARCH PROJECTS INCLUDING THE FOLLOWING: VETERANS CARE (COORDINATED APPROACH TO RECOVERY AND EMPLOYMENT) IMPACT OF TELEHEALTH SERVICES UTILIZATION DURING COVID-19 ON TREATMENT PATTERNS AND OUTCOMES AMONG VETERANS WITH ALCOHOL USE DISORDER THE ROLE OF ENVIRONMENTAL STRESSORS ON VETERAN'S NEUROCOGNITIVE AGING MINDS NAVIGATING THE DIAGNOSIS OF MILD COGNITIVE IMPAIRMENT (MIND-MCI): FEASIBILITY AND ACCEPTABILITY OF A PRIMARY CARE TELEHEALTH INTERVENTION

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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 $227,498

Program Service Revenue $1,110,265

Investment Income $23,586

Other Revenue $264

TOTAL REVENUE $1,361,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,809

Fundraising Expenses $0

Program Expenses $1,054,677

Other Expenses $560,203

TOTAL EXPENSES $1,230,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,361,613	$1,080,000	+0.3%
Expenses	$1,230,012	$1,017,086	+0.2%
Net Income	$131,601	$62,914	+1.1%

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

$200,049

Total Directors

$837,694

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY DAVIS	DIRECTOR	2.00	Director	$0	$0	$297,052
PATRICIA PILKINTON	DIRECTOR	2.00	Director	$0	$0	$264,151
MICHLLE HILGEMAN	DIRECTOR	2.00	Director	$0	$0	$157,927
MARSHANDA BURRELL	SEC/TREAS	2.00	Officer Director	$0	$0	$118,564
SANDRA R CREEL	EXECUTIVE DI	40.00	Officer	$81,485	$0	$81,485
PETER BULATAO	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL CROUCH	DIRECTOR	2.00	Director	$0	$0	$0
LADI KUKOYI	DIRECTOR	2.00	Director	$0	$0	$0
JOHN F MERKEL	DIRECTOR	2.00	Director	$0	$0	$0
JAY D MOYER	DIRECTOR	2.00	Director	$0	$0	$0
SHANE SEARS	DIRECTOR	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
2025	$1,361,613	$1,230,012	$1,155,146	$131,601
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

TUSCALOOSA RESEARCH & EDUCATION ADVANCEMENT CORPORATION