South Florida Veterans Affairs Foundation For Research & Education Inc

EIN: 650207903 501(c)(3) Public & Societal Benefit

Miami, FL

Total Revenue
$3,094,619
Total Expenses
$2,138,404
Total Assets
$9,719,224
Net Assets
$9,618,268
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
FL
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.

Program Service Accomplishments

Program 1
Expenses: $1,017,376 Revenue: $0

The organization supports and advances research to improve the health and well-being of Veterans. Research activities include basic, clinical, translational, and health services carried out at the...

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The organization supports and advances research to improve the health and well-being of Veterans. Research activities include basic, clinical, translational, and health services carried out at the Miami, Orlando and West Palm Beach VA Healthcare Systems and in partnership with academic institutions, industry-sponsors, and private foundations. These efforts leverage the VAs integrated healthcare system to generate evidence that improves patient care, informs clinical practice and policy, and promotes safe, effective, and high-quality healthcare for Veterans.

Program 2
Expenses: $463,125 Revenue: $0

The organization supports educational activities that enhance the training and professional development of healthcare providers, researchers, trainees, as well as patients and caregivers at the...

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The organization supports educational activities that enhance the training and professional development of healthcare providers, researchers, trainees, as well as patients and caregivers at the Miami, Orlando and West Palm Beach VA Healthcare Systems in partnership with academic institutions, industry-sponsors, and private foundations. These activities include educational programs, workshops, and learning initiatives that promote evidence-based practice, support VAs clinical and research missions, and contribute to the delivery of high-quality healthcare for Veterans.

Program 3
Expenses: $42,305 Revenue: $0

The organization supports innovation activities that advance the development and implementation of new technologies, processes, and solutions to improve Veteran healthcare. These activities include...

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The organization supports innovation activities that advance the development and implementation of new technologies, processes, and solutions to improve Veteran healthcare. These activities include pilot projects, proof-of-concept studies, and partnerships that foster innovation, accelerate translation into practice, and support VAs clinical, research, and operational missions.

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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 $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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Governance

Voting Members
13
Independent Members
5
Employees
20
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
4
$0
Total Directors
14
$183,723
Key Employees
0
$0
Highest Compensated
2
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
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