BIOMEDICAL RESEARCH FOUNDATION (EIN 710675830) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

ALAN WOLFMAN

Phone

5012574516

Tax Period

2023-01-01 to 2023-12-31

BIOMEDICAL RESEARCH FOUNDATION, founded in 1989, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 8% surplus.

Mission

ADVANCE THE RESEARCH AND EDUCATION MISSION OF THE DEPARTMENT OF VETERANS AFFAIRS BY SUPPORTING RESEARCH RELATED ACTIVITIES AT THE JOHN L. MCCLELLAN MEMORIAL VETERANS HOSPITAL IN LITTLE ROCK, ARKANSAS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,664,539

Investment Income $16,320

Other Revenue $0

TOTAL REVENUE $1,680,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $973,135

Fundraising Expenses $0

Program Expenses $905,934

Other Expenses $149,153

TOTAL EXPENSES $1,122,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,680,859	$1,219,275	+0.4%
Expenses	$1,122,288	$1,281,795	-0.1%
Net Income	$558,571	$-62,520	-9.9%

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

$933,065

Total Directors

$2,307,887

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGIE SCOTT	DIRECTOR	1.00	Director	$0	$103,202	$565,013
JOHN GOCIO	DIRECTOR	1.00	Director	$0	$115,620	$506,664
ERICA HIETT	DIRECTOR	1.00	Director	$0	$99,778	$441,600
RICHARD OWEN	VICE PRESIDE	1.00	Officer Director	$0	$95,049	$398,262
SHANNA PALMER	PRESIDENT	1.00	Officer Director	$0	$71,974	$396,348
ALAN WOLFMAN	EXECUTIVE DI	40.00	Officer	$134,423	$4,032	$138,455
TERRY DEWITT	DIRECTOR	1.00	Director	$0	$0	$0
RONDA S HENRY-TILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHUK-MEI HO	DIRECTOR	1.00	Director	$0	$0	$0
MOHAMMED MOURSI	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,680,859	$1,122,288	$1,929,717	$558,571
2022	$1,219,275	$1,281,795	$1,305,966	$-62,520
2021	$1,760,299	$1,259,761	$1,354,663	$500,538
2020	$863,390	$1,311,426	$1,514,720	$-448,036
2019	$1,361,864	$1,040,509	$1,307,812	$321,355
2018	$1,227,685	$1,129,297	$1,012,082	$98,388

BIOMEDICAL RESEARCH FOUNDATION