FOUNDATION FOR ADVANCING VETERANS' HEALTH RESEARCH (EIN 742522436) - 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

1989

Legal Domicile

Principal Officer

MICHELLE TRIMBLE

Phone

2106175285

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR ADVANCING VETERANS' HEALTH RESEARCH, founded in 1989, is a community nonprofit in the Medical Research sector that reported $6.0M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 20% operating margin.

Mission

IMPROVING VETERANS' HEALTH THROUGH RESEARCH AND EDUCATION.

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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 $462

Program Service Revenue $5,876,391

Investment Income $89,884

Other Revenue $0

TOTAL REVENUE $5,966,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,251,905

Fundraising Expenses $0

Program Expenses $3,948,252

Other Expenses $2,519,708

TOTAL EXPENSES $4,771,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,966,737	$6,244,387	0.0%
Expenses	$4,771,613	$4,304,257	+0.1%
Net Income	$1,195,124	$1,940,130	-0.4%

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

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

$111,869

Total Directors

$1,566,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIANNE FLYNN	STATUTORY TR	2.00	Director	$0	$0	$360,676
DAVID BELL	STATUTORY TR	3.00	Director	$0	$0	$343,046
LIPIKA NAYAK	TRUSTEE	1.00	Director	$0	$0	$284,333
ARMITA KARMAT	STATUTORY TR	2.00	Director	$0	$0	$176,240
KEVIN AKERS	TRUSTEE	1.00	Director	$0	$0	$168,600
HEATHER YUN	STATUTORY TR	1.00	Director	$0	$0	$130,820
MICHELLE TRIMBLE	CEO	40.00	Officer	$111,869	$0	$111,869
ALICIA SWAN	TRUSTEE	1.00	Director	$0	$0	$102,649
MICHAEL FRANCE	TRUSTEE	2.00	Director	$0	$0	$0
ALAN FRAZER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CALVIN LEUSCHEN	STATUTORY TR	1.00	Director	$0	$0	$0
MICHAEL MACNAUGHTON	TREASURER/SE	2.00	Officer Director	$0	$0	$0
JOE MCDONOUGH	TRUSTEE	1.00	Director	$0	$0	$0
JOHN ROACHE PHD	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
DAVID ROZEK	TRUSTEE	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	$5,966,737	$4,771,613	$6,059,773	$1,195,124
2023	$6,244,387	$4,304,257	$4,781,808	$1,940,130
2022	$3,792,506	$4,461,495	$3,061,851	$-668,989
2021	$4,965,117	$4,718,598	$4,049,702	$246,519
2020	$4,204,483	$4,630,611	$3,209,528	$-426,128
2019	$3,883,374	$3,752,192	$3,172,888	$131,182
2018	$3,295,101	$3,515,659	$3,250,200	$-220,558
2018	$3,295,101	$3,515,659	$3,250,200	$-220,558

FOUNDATION FOR ADVANCING VETERANS' HEALTH RESEARCH