BIOMEDICAL RESEARCH AND EDUCATION FOUNDATION OF SOUTHERN ARIZONA (EIN 860622181) - 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

1988

Legal Domicile

Principal Officer

JODI WALTERS DPM

Phone

5206294781

Tax Period

2024-10-01 to 2025-09-30

BIOMEDICAL RESEARCH AND EDUCATION FOUNDATION OF SOUTHERN ARIZONA, founded in 1988, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $265K, a strong 24% operating margin.

Mission

TO FACILITATE AND SUPPORT THE MEDICAL RESEARCH AND EDUCATIONAL MISSION OF THE SOUTHERN ARIZONA VA HEALTH CARE SYSTEM (SAVAHCS).

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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 $27,200

Program Service Revenue $1,064,272

Investment Income $7,075

Other Revenue $6,000

TOTAL REVENUE $1,104,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $656,836

Fundraising Expenses $0

Program Expenses $630,763

Other Expenses $183,131

TOTAL EXPENSES $839,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,104,547	$695,766	+0.6%
Expenses	$839,967	$741,934	+0.1%
Net Income	$264,580	$-46,168	-6.7%

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

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

$105,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET BRADLEY	EXECUTIVE DI	40.00	Officer	$94,556	$11,413	$105,969
JODI WALTERS DPM	SECRETARY/TR	0.25	Officer Director	$0	$0	$0
BARBARA BODE MD	DIRECTOR	0.25	Director	$0	$0	$0
EUGENE TROWERS MD	DIRECTOR	0.25	Director	$0	$0	$0
JASON WERTHEIM MD	DIRECTOR	0.25	Director	$0	$0	$0
JOHN B KETTELLE IV MD	DIRECTOR	0.25	Director	$0	$0	$0
KENT BATTY MD	DIRECTOR	0.25	Director	$0	$0	$0
RAYMOND KACICH MD	DIRECTOR	0.25	Director	$0	$0	$0
SAIRAM PARTHASARATHY MD	DIRECTOR	0.25	Director	$0	$0	$0
SANDESH DEV MD	PRESIDENT	0.25	Officer Director	$0	$0	$0
STEPHEN P THOMSON MD	DIRECTOR	0.25	Director	$0	$0	$0
SWATHY PUTHALAPATTU MD	DIRECTOR	0.25	Director	$0	$0	$0
MARIA NGUYEN	DIRECTOR	0.25	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	$1,104,547	$839,967	$575,858	$264,580
2024	$695,766	$741,934	$330,909	$-46,168
2023	$237,867	$448,102	$383,333	$-210,235
2022	$271,565	$705,079	$586,510	$-433,514
2021	$627,149	$728,891	$1,157,525	$-101,742
2020	$567,175	$947,942	$1,346,828	$-380,767
2019	$860,313	$1,034,898	$1,512,316	$-174,585
2018	$561,470	$758,296	$1,713,502	$-196,826

BIOMEDICAL RESEARCH AND EDUCATION FOUNDATION OF SOUTHERN ARIZONA