WESTERN INSTITUTE FOR VETERANS INSTITUTE

EIN: 870470748 501(c)(3) Health Care

SALT LAKE CITY, UT

Total Revenue
$5,659,066
Total Expenses
$6,462,084
Total Assets
$9,219,547
Net Assets
$7,969,727
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
UT
Principal Officer
Anastasia Haggin
Phone
8015543633
Tax Period
2024-01-01 to 2024-12-31

WESTERN INSTITUTE FOR VETERANS INSTITUTE, founded in 1989, is a community nonprofit in the Health Care sector that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 1990% from the prior year, signaling strong growth momentum. Expenses of $6.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

Western Institute for Veterans Research is a nonprofit corporation established in 1989 to promote research and related educational activities at the VA Salt Lake City Health Care System, by providing a flexible funding mechanism for private and public grants to support VA approved research projects.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,293,681
Investment Income $373,939
Other Revenue $-8,554
TOTAL REVENUE $5,659,066

Expense Breakdown

Grants Paid $434,032
Salaries & Benefits $5,343,379
Fundraising Expenses $0
Program Expenses $956,489
Other Expenses $684,673
TOTAL EXPENSES $6,462,084

Year-over-Year Comparison

2024 2023 Change
Revenue $5,659,066 $270,723 +19.9%
Expenses $6,462,084 $6,330,966 +0.0%
Net Income $-803,018 $-6,060,243 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
2
Employees
37
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
0
$0
Total Directors
5
$1,130,273
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Funderburk Director 1.00
Director
$0 $0 $535,467
Susan Garstang Treasurer 1.00
Director
$0 $0 $301,508
P Jon White Director (on detail) 1.00
$0 $0 $301,508
Angela Williams Director 1.00
Director
$0 $0 $184,474
Noel Carlson Chairman 1.00
Director
$0 $0 $108,824
Anastasia Haggin Executive Director 40.00
$149,101 $0 $149,101
Steven Johnson Director, Strategy 40.00
Highest
$201,367 $0 $201,367
Larry Meyer Director 1.00
Director
$0 $0 $0
Hali O'Malley Research Pharmacist 40.00
Highest
$104,378 $0 $104,378
David Bennett Director 1.00
$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 $5,637,350 $6,421,017 $9,213,898 $-783,667
2024 $5,673,502 $6,462,084 $9,219,547 $-788,582
2024 $5,659,066 $6,462,084 $9,219,547 $-803,018
2023 $7,542,349 $6,330,966 $9,581,961 $1,211,383
2022 $5,096,725 $4,570,973 $9,071,976 $525,752
2021 $4,202,570 $3,599,659 $8,203,408 $602,911
2020 $4,058,968 $4,407,277 $6,816,408 $-348,309
2019 $5,593,828 $4,465,734 $7,697,884 $1,128,094
2018 $4,294,958 $4,215,016 $6,371,791 $79,942
Explore More Nonprofits
Top 100 Nonprofits in Utah Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare WESTERN INSTITUTE FOR VETERANS INSTITUTE with other nonprofits in Utah and across the country.