PORTLAND VA RESEARCH FOUNDATION

EIN: 943090170 501(c)(3) Science & Technology

PORTLAND, OR

Total Revenue
$10,138,338
Total Expenses
$10,765,610
Total Assets
$11,639,293
Net Assets
$10,782,616
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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
OR
Principal Officer
JAQULENE M ROWLAND
Phone
5032735228
Tax Period
2024-01-01 to 2024-12-31

PORTLAND VA RESEARCH FOUNDATION, founded in 1989, is a mid-sized nonprofit in the Science & Technology sector that reported $10.1M in total revenue in fiscal year 2024.

Mission

SUPPORT MEDICAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,563,708
Program Service Revenue $3,313,701
Investment Income $242,226
Other Revenue $18,703
TOTAL REVENUE $10,138,338

Expense Breakdown

Grants Paid $512,023
Salaries & Benefits $8,103,526
Fundraising Expenses $0
Program Expenses $9,687,446
Other Expenses $2,150,061
TOTAL EXPENSES $10,765,610

Year-over-Year Comparison

2024 2023 Change
Revenue $10,138,338 $9,726,557 +0.0%
Expenses $10,765,610 $9,986,707 +0.1%
Net Income $-627,272 $-260,150 +1.4%
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

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Governance

Voting Members
11
Independent Members
11
Employees
123
Volunteers
12

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
$157,866
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOLLY OSBORNE MD PHD CHAIR 1.00
Officer Director
$0 $0 $0
CHERYL L MORGAN CPA SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
DAVID COHEN MD DIRECTOR 1.00
Director
$0 $0 $0
MARY HEINRICHER PHD DIRECTOR 1.00
Director
$0 $0 $0
DAVID HOLT MBA FACHE DIRECTOR 1.00
Director
$0 $0 $0
SAHANA MISRA MD DIRECTOR 1.00
Director
$0 $0 $0
KIM NEVE PHD DIRECTOR 1.00
Director
$0 $0 $0
MERRITT RAITT MD DIRECTOR 1.00
Director
$0 $0 $0
KERRY N RHYNE MD DIRECTOR 1.00
Director
$0 $0 $0
KATHRYN SCHUFF MD MCR DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN SMITH MD MBBS DIRECTOR 1.00
Director
$0 $0 $0
JAQULENE ROWLAND MBA EXECUTIVE DIRECTOR 40.00
Officer
$127,772 $30,094 $157,866
NICOLE MATHES FRACTIONAL CFO 24.00
Officer
$0 $0 $0
EDWIN REID PHD INFORMATICS RESEARCH ASSOC 40.00
Highest
$141,093 $8,463 $149,556
ROLF WINTER PHD RESEARCH CHEMIST 40.00
Highest
$138,331 $14,385 $152,716
SOVITJ POU RESEARCH CHEMIST 40.00
Highest
$135,643 $21,903 $157,546
JESSICA LOCKE SR CLINICAL RESEARCH ASS. 40.00
Highest
$133,031 $19,764 $152,795
CATHY GORDON STAKEHOLDER ENG. SPECIALIST 40.00
Highest
$126,178 $20,251 $146,429
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 No data No data No data No data
2024 $10,138,338 $10,765,610 $11,639,293 $-627,272
2023 $9,726,557 $9,986,707 $12,234,969 $-260,150
2022 $8,306,544 $7,316,780 $12,433,736 $989,764
2021 $7,209,614 $6,981,065 $12,517,323 $228,549
2020 $7,043,320 $7,031,183 $12,588,210 $12,137
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