ARIZONA VETERANS RESEARCH AND EDUCATION FOUNDATION

EIN: 860907729 501(c)(3) Medical Research

PHOENIX, AZ

Total Revenue
$3,292,673
Total Expenses
$2,809,742
Total Assets
$3,748,889
Net Assets
$3,600,679
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
AZ
Principal Officer
JEREMY GREENE
Phone
6022775551
Tax Period
2025-01-01 to 2025-12-31

ARIZONA VETERANS RESEARCH AND EDUCATION FOUNDATION, founded in 1997, is a community nonprofit in the Medical Research sector that reported $3.3M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 15% surplus.

Mission

TO PROMOTE, SUPPORT, AND FACILITATE MERITORIOUS BIOMEDICAL AND HEALTH SERVICES RESEARCH AND EDUCATION ACTIVITIES CONDUCTED BY INVESTIGATORS AT THE PHOENIX VA HEALTH CARE SYSTEM THAT CONTRIBUTE TO IMPROVE HEALTHCARE FOR VETERANS AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1
Expenses: $261,295

VIRTUAL COGNITIVE REHABILITATION OF VETERANS WITH TRAUMATIC BRAIN INJURY - PROGRESSING RESEARCH PENDING RESULTS.

Program 2
Expenses: $308,531 Revenue: $82,268

FOR THIS BIOENGINEERING RESEARCH GRANT, COLLECTIONS OF MOLECULAR TOOLS AND MARKERS UNIQUE TO THE ROD MICROGLIA VARIANT WILL BE DEVELOPED, VALIDATED, AND VERIFIED TO ENABLE FUTURE DIAGNOSTIC...

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FOR THIS BIOENGINEERING RESEARCH GRANT, COLLECTIONS OF MOLECULAR TOOLS AND MARKERS UNIQUE TO THE ROD MICROGLIA VARIANT WILL BE DEVELOPED, VALIDATED, AND VERIFIED TO ENABLE FUTURE DIAGNOSTIC, PROGNOSTIC, AND MECHANISTIC STUDIES OF NEUROINFLAMMATION PROGRESSION IN CLINICAL DISEASE AND INJURY.

Program 3
Expenses: $203,408 Revenue: $6,358

VALIDATION AND DEVELOPMENT OF NANOLIPOSOMES FOR NEUROPROTECTION IN STROKE - PROGRESSION OF RESEARCH HAS RESULTED IN FINDINGS THAT INDICATE POTENTIAL PROTECTIVE QUALITIES OF NANOPARTICLES IN BRAIN...

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VALIDATION AND DEVELOPMENT OF NANOLIPOSOMES FOR NEUROPROTECTION IN STROKE - PROGRESSION OF RESEARCH HAS RESULTED IN FINDINGS THAT INDICATE POTENTIAL PROTECTIVE QUALITIES OF NANOPARTICLES IN BRAIN TISSUE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,833,397
Program Service Revenue $1,384,147
Investment Income $72,152
Other Revenue $2,977
TOTAL REVENUE $3,292,673

Expense Breakdown

Grants Paid $762,318
Salaries & Benefits $1,678,817
Fundraising Expenses $0
Program Expenses $2,145,717
Other Expenses $368,607
TOTAL EXPENSES $2,809,742

Year-over-Year Comparison

2025 2024 Change
Revenue $3,292,673 $2,972,485 +0.1%
Expenses $2,809,742 $3,042,304 -0.1%
Net Income $482,931 $-69,819 -7.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
3
Employees
31
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
2
$132,342
Total Directors
10
$1,912,958
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL AGUAYO BOARD CHAIR 2.00
Officer Director
$0 $0 $0
DIANE PARRINGTON BOARD MEMBER 0.00
Director
$0 $0 $0
SHAKAIB REHMAN BOARD MEMBER 1.00
Director
$0 $0 $334,809
STEVEN SAMPLE BOARD MEMBER 1.00
Director
$0 $0 $253,317
ROSE CONNOR BOARD MEMBER 0.00
Director
$0 $0 $0
ROBYN CHASE BOARD MEMBER 1.00
Director
$0 $26,462 $368,972
JEREMY GREENE EXECUTIVE DIRECTOR 40.00
Officer Director
$131,017 $1,325 $132,342
MEGAN BABCOCK BOARD MEMBER 0.00
Director
$0 $0 $0
ELIJAH DITTER BOARD MEMBER 1.00
Director
$0 $28,650 $218,153
VICKI CALLAHAN BOARD MEMBER 1.00
Director
$0 $23,830 $605,365
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 $3,292,673 $2,809,742 $3,748,889 $482,931
2024 $2,972,485 $3,042,304 $3,239,155 $-69,819
2023 $2,116,292 $2,414,378 $3,412,241 $-298,086
2022 $1,796,371 $1,638,597 $3,586,404 $157,774
2021 $1,867,362 $1,878,816 $3,375,798 $-11,454
2020 $2,775,894 $2,147,563 $3,593,536 $628,331
2018 $1,786,185 $2,218,835 $3,351,255 $-432,650
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