VETERANS RESEARCH & EDUCATION FOUNDATION

EIN: 731363705 501(c)(3) Medical Research

OKLAHOMA CITY, OK

Total Revenue
$493,862
Total Expenses
$611,411
Total Assets
$218,370
Net Assets
$196,593
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OK
Principal Officer
KRISTOPER WADE VLOSICH
Phone
4054565170
Tax Period
2023-10-01 to 2024-09-30

VETERANS RESEARCH & EDUCATION FOUNDATION, founded in 1989, is a small nonprofit in the Medical Research sector that reported $494K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $611K exceeded revenue, resulting in a 24% operating deficit.

Mission

VETERANS RESEARCH & EDUCATION FOUNDATION'S MISSION IS TO FURTHER MEDICAL SCIENCE BY PROMOTING RESEARCH AND EDUCATIONAL ACTIVITIES AT OKCVAHCS, EOVAHCS AND FAVAHCS IN OKLAHOMA AND ARKANSAS.

Program Service Accomplishments

Program 1
Expenses: $456,901 Revenue: $651,470

VETERANS RESEARCH & EDUCATION FOUNDATION FACILITATES BIOMEDICAL RESEARCH AND PROJECTS BENEFITING VETERANS AT THE OKLAHOMA CITY VA HEALTH CARE SYSTEM, THE EASTERN OKLAHOMA VA HEALTH CARE SYSTEM, AND...

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VETERANS RESEARCH & EDUCATION FOUNDATION FACILITATES BIOMEDICAL RESEARCH AND PROJECTS BENEFITING VETERANS AT THE OKLAHOMA CITY VA HEALTH CARE SYSTEM, THE EASTERN OKLAHOMA VA HEALTH CARE SYSTEM, AND THE FAYETTEVILLE, ARKANSAS VA HEALTHCARE SYSTEM OF THE OZARKS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $476,187
Investment Income $7,649
Other Revenue $10,026
TOTAL REVENUE $493,862

Expense Breakdown

Grants Paid $0
Salaries & Benefits $345,155
Fundraising Expenses $0
Program Expenses $456,901
Other Expenses $266,256
TOTAL EXPENSES $611,411

Year-over-Year Comparison

2023 2022 Change
Revenue $493,862 $437,369 +0.1%
Expenses $611,411 $387,573 +0.6%
Net Income $-117,549 $49,796 -3.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
2
Employees
5
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
6
$1,251,186
Total Directors
9
$1,827,724
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONCARM FOUCHE BOARD MEMBER 6.00
Director
$0 $0 $327,488
ISHITA THAKAR BOARD MEMBER 6.00
Officer Director
$0 $0 $305,920
ROBERT HAL SCOFIELD MD BOARD MEMBER 6.00
Director
$0 $0 $300,414
TOMMY YATES BOARD MEMBER 6.00
Officer Director
$0 $0 $298,898
KRISTOPER WADE VLOSICH CHAIRMAN 18.00
Officer Director
$0 $0 $212,051
KIMBERLY DENNING BOARD MEMBER 6.00
Officer Director
$0 $0 $202,172
RIVER SMITH BOARD MEMBER 6.00
Officer Director
$0 $0 $180,781
EVAN ERWIN EXECUTIVE DI 40.00
Officer
$51,364 $0 $51,364
STEPHEN LARK BOARD MEMBER 6.00
Director
$0 $0 $0
WILLIAM LOVALLO PHD BOARD MEMBER 6.00
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 No data No data No data No data
2024 $493,862 $611,411 $218,370 $-117,549
2023 $437,369 $387,573 $328,257 $49,796
2022 $328,549 $360,719 $283,951 $-32,170
2021 $292,026 $431,229 $321,663 $-139,203
2020 $305,232 $335,741 $413,503 $-30,509
2019 $384,202 $407,420 $426,323 $-23,218
2018 $304,015 $432,359 $380,177 $-128,344
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