PALO ALTO VETERANS INSTITUTE FOR RESEARCH

EIN: 770207331 501(c)(3) Medical Research

PALO ALTO, CA

Total Revenue
$35,854,131
Total Expenses
$33,029,388
Total Assets
$19,146,651
Net Assets
$8,037,033
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CA
Principal Officer
ELAINE STAATS MPH
Phone
6502392800
Tax Period
2024-10-01 to 2025-09-30

PALO ALTO VETERANS INSTITUTE FOR RESEARCH, founded in 1988, is a mid-sized nonprofit in the Medical Research sector that reported $35.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $33.0M left a modest 8% surplus.

Mission

PAVIR'S MISSION IS ADVANCING VETERANS AND PUBLIC HEALTH THROUGH INNOVATIVE RESEARCH. PAVIR WORKS WITH MORE THAN 100 PRINCIPAL INVESTIGATORS AND 200 RESEARCH STAFF TO SUPPORT BASIC SCIENCE, CLINICAL AND HEALTH SERVICES RESEARCH TO REALIZE ITS MISSION. PAVIR'S DIVERSE STUDIES SPAN THE ENTIRE SPECTRUM OF HEALTH RESEARCH FROM THE INVESTIGATION OF DISEASES IN THE LABORATORY THROUGH TESTING NEW DRUG TREATMENTS AND DEVELOPING IMPROVED MODELS OF HEALTH CARE DELIVERY TO LOOKING AT OUTCOMES BOTH INDIVIDUALLY AND ON A LARGE SCALE. PAVIR'S RESEARCH ADDRESSES HEALTH CHALLENGES THAT HAVE BEEN FACED ESPECIALLY BY VETERANS, INCLUDING POST-TRAUMATIC STRESS DISORDER, TRAUMATIC BRAIN INJURY, GERIATRIC MEDICINE, REHABILITATION, SLEEP AND OTHER VETERANS AND PUBLIC HEALTH ISSUES. PAVIR'S INVESTIGATORS HAVE APPOINTMENTS AT THE VA PALO ALTO HEALTH CARE SYSTEM AND MOST ALSO HOLD APPOINTMENTS AT THE STANFORD UNIVERSITY SCHOOL OF MEDICINE.

Program Service Accomplishments

Program 1
Expenses: $1,310,697 Revenue: $0

CLINICAL TRANSLATION OF ALLOGENEIC REGENERATIVE CELL THERAPY FOR WHITE MATTER STROKE AND VASCULAR DEMENTIA. PRINCIPAL INVESTIGATOR: IRENE LORENZO LLORENTE, PH.D.STROKE IS THE LEADING CAUSE OF ADULT...

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CLINICAL TRANSLATION OF ALLOGENEIC REGENERATIVE CELL THERAPY FOR WHITE MATTER STROKE AND VASCULAR DEMENTIA. PRINCIPAL INVESTIGATOR: IRENE LORENZO LLORENTE, PH.D.STROKE IS THE LEADING CAUSE OF ADULT DISABILITY AND THE SECOND LEADING CAUSE OF DEMENTIA. WHITE MATTER STROKE (WMS) CONSTITUTES UP TO 30% OF ALL STROKE SUBTYPES AND IS A DISTINCT PROCESS FROM "LARGE ARTERY STROKE." WMS BEGINS AS SMALL INFARCTS IN DEEP PENETRATING BLOOD VESSELS IN THE BRAIN BUT PROGRESSES, ACCUMULATES, AND EXPANDS FROM PREEXISTING LESIONS INTO ADJACENT WHITE MATTER TO PRODUCE HEMIPARESIS WITH INCOMPLETE RECOVERY, GAIT ABNORMALITIES, COGNITIVE DECLINE, AND EXECUTIVE DYSFUNCTION CHARACTERISTIC OF VASCULAR DEMENTIA (VAD). UNLIKE LARGE ARTERY STROKE, WMS DOES NOT DAMAGE NEURONAL CELL BODIES BUT PRIMARILY AFFECTS AXONAL TRACTS AND GLIAL CELLS. A CELL-BASED THERAPY CAPABLE OF REPLACING LOST GLIA AND INDUCING STRUCTURAL REPAIR IN WMS/VAD HOLDS GREAT PROMISE. WE HAVE DEVELOPED A UNIQUE ALLOGENEIC HUMAN INDUCED PLURIPOTENT STEM CELL (HIPSC)-DERIVED GLIAL ENRICHED PROGENITOR (GEP) CELL THERAPY PRODUCT FOR THE TREATMENT OF WMS AND VAD. PRECLINICAL STUDIES DEMONSTRATE THAT HIPSC-GEPS TRANSPLANTED INTO THE BRAIN AFTER WMS/VAD PROMOTE MOTOR AND COGNITIVE RECOVERY THROUGH MULTIPLE MECHANISMS OF ACTION, INCLUDING AXONAL GROWTH, ASTROCYTIC MODULATION, OLIGODENDROCYTE DIFFERENTIATION, AND REMYELINATION. THIS YEAR, WE ACHIEVED A SUCCESSFUL PRE-IND MEETING WITH THE U.S. FOOD AND DRUG ADMINISTRATION (FDA) FOR GEP-101 (HIPSC-GEPS) ON FEBRUARY 26, 2026. THE DISCUSSION, INFORMED BY THE FDA'S PRELIMINARY WRITTEN RESPONSES DATED FEBRUARY 23, 2026, FOCUSED ON FOUR PRIMARY AREAS: (1) SUITABILITY OF THE HIPSC CELL LINE AND DONOR ELIGIBILITY TESTING, (2) ADEQUACY OF THE PROPOSED CLINICAL DELIVERY DEVICE AND ADDITIONAL NONCLINICAL EVALUATION NEEDS, (3) REQUIREMENTS FOR DEVICE COMPATIBILITY TESTING TO ENSURE PRODUCT QUALITY AND DOSE ACCURACY, AND (4) QUALIFICATION OF CERTAIN MANUFACTURING RAW MATERIALS, INCLUDING THE VEEV RNA REPLICON USED DURING CELL REPROGRAMMING. OVERALL, THE FDA AGREED WITH ALL POSITIONS PRESENTED, CLARIFYING EXPECTATIONS FOR MANUFACTURING CONTROLS, DEVICE USE, AND SUPPORTING NONCLINICAL DATA PRIOR TO IND SUBMISSION.FOLLOWING THE PRE-IND MEETING, WE HAVE SUBMITTED A NEW GRANT PROPOSAL TO SECURE THE NEXT ROUND OF FUNDING AND CONTINUE ADVANCING TOWARD IND APPROVAL AND FUTURE CLINICAL TRANSLATION.

Program 2
Expenses: $1,238,218 Revenue: $0

NOVEL LYMPHOCYTE CHEMOATTRACTANT RECEPTOR AND LIGAND. PRINCIPAL INVESTIGATOR: EUGENE BUTCHER, M.D.WE HAVE IDENTIFIED A NOVEL LYMPHOCYTE CHEMOATTRACTANT RECEPTOR AND ITS CHEMOATTRACTANT LIGAND...

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NOVEL LYMPHOCYTE CHEMOATTRACTANT RECEPTOR AND LIGAND. PRINCIPAL INVESTIGATOR: EUGENE BUTCHER, M.D.WE HAVE IDENTIFIED A NOVEL LYMPHOCYTE CHEMOATTRACTANT RECEPTOR AND ITS CHEMOATTRACTANT LIGAND, SELECTIVELY EXPRESSED IN LUNG, AIRWAYS, UPPER GI TRACT, GENITOURINARY MUCOSAE AND MUCOSA-ASSOCIATED GLANDS INCLUDING THE PANCREAS AND SALIVARY GLANDS. AIM 1: WE WILL MECHANISTICALLY PROBE THE RECEPTOR-LIGAND INTERACTIONS FOCUSING ON THE SPECIFICITY AND SIGNALING PATHWAYS ACTIVATED BY THE NOVEL RECEPTOR AND ITS ROLE AS A LYMPHOCYTE VS MYELOID CELL CHEMOTACTIC RECEPTOR. STRUCTURE-FUNCTION STUDIES WILL IDENTIFY LIGAND DOMAINS FOR RECEPTOR BINDING AND ACTIVATION. AIM 2: WILL DEFINE THE REGULATION OF THE RECEPTOR IN THE MOUSE, AND ITS ROLE IN LYMPHOCYTE POPULATION OF AND HOMING TO NON-LYMPHOID TISSUES DURING HOMEOSTASIS AND IN THE SETTING OF CHRONIC MULTI-ORGAN AUTOIMMUNE INFLAMMATION. THE ROLES OF THE PATHWAY IN IMMUNE CELL DEVELOPMENT WILL BE PROBED IN MIXED BONE MARROW CHIMERAS IN WHICH RECEPTOR-DEFICIENT VS WILD TYPE STEM CELLS COMPETE FOR RECONSTITUTION OF IMMUNE COMPARTMENTS IN LYMPHOID AND NON-LYMPHOID TISSUES. AIM 3: WILL ELUCIDATE THE TISSUE- AND CELL SUBSET-SPECIFIC EXPRESSION OF THE RECEPTOR AND LIGAND IN HUMANS.WHILE MUCH OF AIM 1 HAS BEEN COMPLETED AND PRESENTED IN OUR NATURE PUBLICATION, THIS AIM AS WELL AS THE GRANT AS A WHOLE HAS AS ITS OVERARCHING GOAL TO IDENTIFY AND CHARACTERIZE THE GPCR INTERACTIONS AND FUNCTIONS OF CXCL17. OUR ALPHA FOLD MODELING SUPPORTED OUR INITIAL CHARACTERIZATION OF CXCL17-GPR25 INTERACTION. USING THIS AS A JUMPING OFF POINT, WE ARE ASKING WHETHER IN SILICO MODELING IN SCREENING MODE CAN IDENTIFY THE FUNCTIONAL GPCR LIGANDS OF CXCL17 (AND THUS POTENTIALLY OF OTHER ORPHAN CHEMOKINES). IN HIGH THROUGHPUT SCREENING MODE, WE GENERATED AF2 MODELS OF CXCL17 INTERACTIONS WITH ALL CLASS A GPCRS AND FIND THAT THE HIGHEST SCORING MODELS INCLUDE GPR25 BUT ALSO TWO OTHER RECEPTORS: BDKRB1, THE INFLAMMATION ASSOCIATED BRADYKININ RECEPTOR, AND NTSR2, THE NEUROTENSIN RECEPTOR. OTHER RECEPTORS SHOWED NO OR UNFAVORABLE INTERACTIONS (DEFINED BY AF2 METRICS INCLUDING IPTM ON LIGAND AND RECEPTOR RESIDUES INTERACTING IN THE LIGAND BIND POCKET OF THE GPCR). THESE IN SILICO FINDINGS SUGGEST THE POSSIBILITY OF ADDITIONAL RECEPTORS FOR CXCL17 THAT COULD IMPACT VASCULAR AND NEUROBIOLOGY. A MAJOR FOCUS THIS YEAR IN REGARDS TO AIM 2 HAS BEEN ON EXPANDING AND INITIALLY CHARACTERIZING GPR25 DEFICIENT MICE, TO DEFINE THE ROLE OF GPR25 IN LYMPHOCYTE SUBSET REPRESENTATION AND DISTRIBUTION IN MUCOSAL TISSUES. WE HAVE ESTABLISHED THE COLONY AND HAVE EVALUATED BASAL LYMPHOCYTE SUBSETS IN THE RESTING STATE. THE RESULTS LARGELY PARALLEL THOSE IN CXCL17 DEFICIENT MICE, INDICATING THAT CXCL17 IS LIKELY THE ONLY OR THE PREDOMINANT CHEMOKINE LIGAND FOR GPR25. WE HAVE GENERATED MIXED (WT/KO) BONE MARROW CHIMERAS TO DEFINE THE EFFECT OF GPR25 DEFICIENCY BY EVALUATING KO LYMPHOCYTE REPRESENTATION IN COMPETITION WITH WT CELLS IN THE SAME HOST.FOR AIM 3, WE CONTINUE TO EVALUATE GPR25 EXPRESSION IN HUMAN AND MOUSE DISEASE MODELS (SCRNA SEQ DATA TO DATE FROM PUBLIC RESOURCES). WE ARE INTERESTED IN GWAS ASSOCIATIONS OF GPR25 WITH ARTERIAL STIFFNESS: WE SEE SIGNIFICANT T CELL SUBSET EXPRESSION OF GPR25 IN DATA FROM HUMAN CORONARY ARTERY DISEASE. WE ARE ALSO INTERESTED IN UNDERSTANDING THE GWAS ASSOCIATIONS OF HUMAN BLOOD GPR25 WITH AUTOIMMUNE DISEASES ESPECIALLY IBD: THROUGH COLLABORATION WITH DR. MONTGOMERY, COLOCALIZATION ANALYSIS INDICATE THAT GPR25 HAS THE HIGHEST PP4 AMONG GENES IN THE REGION FOR IBD, CROHN'S DISEASE, AND ULCERATIVE COLITIS, PRIORITIZING GPR25 AS THE LIKELY CAUSAL GENE AT THIS LOCUS. WE HAVE PERFORMED RNA SCOPE ON INTESTINAL SAMPLES FROM IBD PATIENTS (WITH OUR COLLABORATOR AND CO-INVESTIGATOR SERENA TAN) REVEALING STRONG CXCL17 EXPRESSION WITHIN SITES OF PYLORIC METAPLASIA CONSISTENT WITH SINGLE-CELL RNA-SEQ DATA AND SUPPORTING RECRUITMENT OF GPR25 IMMUNE CELLS TO INFLAMED MUCOSA. RECRUITMENT OF GPR25+ TREGS COULD EXPLAIN THE ROLE OF HIGHER PBMC GPR25 IN REDUCING IBD.

Program 3
Expenses: $1,062,166 Revenue: $0

ALL OF US RESEARCH PROGRAM. PRINCIPAL INVESTIGATORS: PHILIP TSAO, PH.D. THE ALL OF US RESEARCH PROGRAM (ALL OF US) IS A LARGE COLLABORATIVE INITIATIVE SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH...

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ALL OF US RESEARCH PROGRAM. PRINCIPAL INVESTIGATORS: PHILIP TSAO, PH.D. THE ALL OF US RESEARCH PROGRAM (ALL OF US) IS A LARGE COLLABORATIVE INITIATIVE SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH (NIH). ALL OF US INCLUDES A CONSORTIUM OF AWARDEES FROM MULTIPLE INSTITUTIONS, INCLUDING THE DEPARTMENT OF VETERANS AFFAIRS. ALL OF US IS WORKING TO IMPROVE HEALTHCARE THROUGH RESEARCH BY BUILDING A DIVERSE DATABASE OF PARTICIPANT SELF-REPORT INFORMATION, BIOSPECIMENS, AND ELECTRONIC HEALTH RECORDS THAT CAN INFORM FUTURE RESEARCH ON A VARIETY OF HEALTH CONDITIONS. VA PARTICIPATION IN ALL OF US IS OVERSEEN BY TWO CO-PIS, LOCATED AT THE VA PALO ALTO HEALTHCARE SYSTEM AND THE VA BOSTON HEALTHCARE SYSTEM. THESE TWO INSTITUTIONS SERVE AS THE COORDINATING CENTERS FOR VA RESPONSIBLE FOR CENTRALIZED RECRUITMENT, ENGAGEMENT CAMPAIGNS, AND COMPLIANCE WITH PROGRAM REQUIREMENTS.

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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 $25,318,301
Program Service Revenue $10,144,436
Investment Income $367,884
Other Revenue $23,510
TOTAL REVENUE $35,854,131

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,815,713
Fundraising Expenses $0
Program Expenses $27,791,858
Other Expenses $13,213,675
TOTAL EXPENSES $33,029,388

Year-over-Year Comparison

2024 2023 Change
Revenue $35,854,131 $31,646,627 +0.1%
Expenses $33,029,388 $34,355,201 0.0%
Net Income $2,824,743 $-2,708,574 -2.0%
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
3
Employees
203
Volunteers
7

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
$562,402
Total Directors
14
$0
Key Employees
4
$843,317
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ODETTE HARRIS DIRECTOR / BOARD CHAIR 1.00
Officer Director
$0 $0 $0
PAUL HEIDENREICH DIRECTOR / SECRETARY & TREASURER 0.50
Officer Director
$0 $0 $0
MAHEEN ADAMSON DIRECTOR 0.50
Director
$0 $0 $0
JON FULLER STATUTORY VA DIRECTOR 0.50
Director
$0 $0 $0
JEAN GURGA STATUTORY VA DIRECTOR 0.50
Director
$0 $0 $0
NGAN HUANG DIRECTOR 0.50
Director
$0 $0 $0
MEGHAN KEMNEC STATUTORY NON-VA DIRECTOR 0.50
Director
$0 $0 $0
MIKE KOZAL STATUTORY VA DIRECTOR (THRU 10/2024) 0.50
Director
$0 $0 $0
WARE KUSCHNER DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER LEE STATUTORY VA DIRECTOR 0.50
Director
$0 $0 $0
LAWRENCE LEUNG DIRECTOR / AUDIT COMMITTEE CHAIR 0.50
Director
$0 $0 $0
PAYAM MASSABAND STATUTORY VA DIRECTOR 0.50
Director
$0 $0 $0
VANESSA RIDLEY DIRECTOR 0.50
Director
$0 $0 $0
ROBERT SLOSS STATUTORY NON-VA DIRECTOR 0.50
Director
$0 $0 $0
ELAINE STAATS CHIEF EXECUTIVE OFFICER 40.00
Officer
$282,965 $63,244 $346,209
LILY IBRAGIMOV DIRECTOR OF FINANCE & ACCOUNTING 40.00
Officer
$185,095 $31,098 $216,193
MARY THORNTON DIRECTOR OF OPERATIONS 40.00
Key Emp
$194,444 $32,397 $226,841
ALLISON MALATE DIRECTOR OF SPONSORED RESEARCH 40.00
Key Emp
$190,624 $31,382 $222,006
LISA CLARK DIRECTOR OF HUMAN RESOURCES 40.00
Key Emp
$197,306 $18,452 $215,758
NORA THOMAS HUMAN RESOURCES MANAGER 40.00
Key Emp
$151,316 $27,396 $178,712
TIMOTHY MYLES RESEARCH SCIENTIST III 40.00
Highest
$185,636 $41,718 $227,354
XINGUO JIANG RESEARCH SCIENTIST II 40.00
Highest
$160,856 $41,247 $202,103
CALVERT LEE SR. CLINICAL RESEARCH MANAGER 40.00
Highest
$155,791 $41,464 $197,255
STEPHANIE HENSEY DEVELOPER / DATABASE ADMINISTRATOR 40.00
Highest
$158,718 $26,314 $185,032
JIAN LUO RESEARCH SCIENTIST III 40.00
Highest
$158,648 $14,685 $173,333
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 $35,854,131 $33,029,388 $19,146,651 $2,824,743
2024 $31,646,627 $34,355,201 $17,246,189 $-2,708,574
2023 $30,503,398 $30,736,665 $20,719,365 $-233,267
2022 $29,922,772 $29,764,131 $15,643,008 $158,641
2021 $29,400,012 $28,118,941 $15,189,973 $1,281,071
2020 $29,572,642 $31,188,918 $12,982,406 $-1,616,276
2019 $31,059,629 $30,708,326 $12,525,941 $351,303
2018 $28,157,044 $28,466,853 $12,338,139 $-309,809
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