South Florida Veterans Affairs Foundation For Research & Education Inc (EIN 650207903) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

Katrina Washburn

Phone

3055753179

Tax Period

2024-10-01 to 2025-09-30

South Florida Veterans Affairs Foundation For Research & Education Inc, founded in 1990, is a community nonprofit in the Public & Societal Benefit sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $956K, a strong 31% operating margin.

Mission

To facilitate research and education activities conducted at the Miami Veterans Affairs Healthcare System.

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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 $2,753,268

Program Service Revenue $0

Investment Income $329,352

Other Revenue $11,999

TOTAL REVENUE $3,094,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,469,763

Fundraising Expenses $0

Program Expenses $1,522,806

Other Expenses $668,641

TOTAL EXPENSES $2,138,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,094,619	$4,009,498	-0.2%
Expenses	$2,138,404	$2,162,978	0.0%
Net Income	$956,215	$1,846,520	-0.5%

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

Total Directors

$183,723

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward Payton	Board Member	0.50	Director	$0	$0	$0
Seth Spector	Board Member, Secretary	0.50	Officer Director	$0	$0	$0
Brian Hagenlocker	Board Member, Vice Chairman	0.50	Officer Director	$0	$0	$0
Timothy Cooke	Board Member	0.50	Director	$0	$0	$0
Cory Price	Board Member	0.50	Director	$0	$0	$0
Robert Jackson MD	President & Chairman	2.00	Officer Director	$0	$0	$0
Lisa Zacher MD	Board Member	0.50	Director	$0	$0	$0
Curt Rosner	Board Member	0.50	Director	$0	$0	$0
Kalautie JangDhari	Board Member	0.50	Director	$0	$0	$0
William Watts	Board Member, Treasurer	0.50	Officer Director	$0	$0	$0
Martin Norcini	Board Member	0.50	Director	$0	$0	$0
Edmund Stahl	Board Member	0.50	Director	$0	$0	$0
Adam Wanner	Board Memeber	0.50	Director	$0	$0	$0
Katrina Washburn	Executive Director	40.00	Director Highest	$159,683	$24,040	$183,723
Gustavo Zingg	Highest Compensated Employee	40.00	Highest	$120,857	$743	$121,600

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	$3,094,619	$2,138,404	$9,719,224	$956,215
2024	$4,009,498	$2,162,978	$9,076,278	$1,846,520
2023	$3,017,620	$2,015,289	$7,910,605	$1,002,331
2022	$2,522,202	$2,008,978	$7,044,922	$513,224
2021	$3,355,400	$2,428,555	$6,313,676	$926,845
2020	$2,848,844	$2,238,924	$4,787,320	$609,920
2019	$2,973,839	$2,318,611	$4,285,726	$655,228
2018	$2,552,734	$2,419,051	$3,793,556	$133,683

South Florida Veterans Affairs Foundation For Research & Education Inc