Veterans Bio Medical Research Institute Inc

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Veterans Bio Medical Research Institute Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Veterans Bio Medical Research Institute Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Veterans Bio Medical Research Institute Inc in one place.

Is Veterans Bio Medical Research Institute Inc Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Veterans Bio Medical Research Institute Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Veterans Bio Medical Research Institute Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Veterans Bio Medical Research Institute Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Veterans Bio Medical Research Institute Inc

Veterans Bio Medical Research Institute Inc (EIN: 222995785) is a nonprofit organization based in East Orange, NJ. The organization reported total revenue of $2.3M and total assets of $754K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Bio Medical Research Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Veterans Bio Medical Research Institute Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Veterans Bio Medical Research Institute Inc reported a deficit of $173K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 31.3% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Veterans Bio Medical Research Institute Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Veterans Bio Medical Research Institute Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 75%
• fundraising: 10%

According to IRS 990 filings, Veterans Bio Medical Research Institute Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $173K, with expenses exceeding revenue.
• Debt-to-asset ratio: 31.3%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, which warrants further investigation given the organization's operational scale and expenses.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Veterans Bio Medical Research Institute Inc's IRS 990 filings:

• Consistent operating deficits: Expenses have exceeded revenue in every year provided, leading to a significant depletion of assets.
• Declining net assets: Total assets have decreased from $2,287,413 in 2018 to $753,700 in 2023, indicating financial instability.
• Unusual executive compensation: Reporting $0 for all highest paid employees is highly uncommon and may suggest incomplete or misleading disclosure.
• Lack of detailed program impact: The provided data does not offer specific metrics or descriptions of the biomedical research conducted or its outcomes.

Strengths

The following positive indicators were identified for Veterans Bio Medical Research Institute Inc:

• Consistent revenue generation: The organization has maintained revenue levels generally above $1.8 million annually, indicating a stable donor base or funding stream.
• Focus on a critical mission: Biomedical research for veterans addresses a vital need.

Frequently Asked Questions about Veterans Bio Medical Research Institute Inc

Filing History

IRS 990 filing history for Veterans Bio Medical Research Institute Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Veterans Bio Medical Research Institute Inc's revenue has declined by 3%, moving from $2.5M to $2.4M. Total assets decreased by 71.6% over the same period, from $3.2M to $913K. Total functional expenses rose by 11.7%, from $2.3M to $2.6M. In its most recent filing year (2023), Veterans Bio Medical Research Institute Inc reported a deficit of $173K, with expenses exceeding revenue. The organization holds $286K in liabilities against $913K in assets (debt-to-asset ratio: 31.3%), resulting in net assets of $627K.

Year-by-Year Financial Summary

• 2023: Revenue of $2.4M, expenses of $2.6M, and assets of $913K (revenue -0.3% year-over-year).
• 2022: Revenue of $2.4M, expenses of $2.3M, and assets of $1.2M (revenue +20.5% year-over-year).
• 2021: Revenue of $2.0M, expenses of $2.2M, and assets of $1.1M (revenue +7.7% year-over-year).
• 2020: Revenue of $1.8M, expenses of $2.1M, and assets of $1.2M (revenue -0.1% year-over-year).
• 2019: Revenue of $1.8M, expenses of $2.1M, and assets of $1.4M (revenue -30.3% year-over-year).
• 2018: Revenue of $2.7M, expenses of $2.9M, and assets of $2.3M (revenue +2.7% year-over-year).
• 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $2.3M (revenue +30.9% year-over-year).
• 2016: Revenue of $2.0M, expenses of $2.3M, and assets of $2.2M (revenue -18.2% year-over-year).
• 2015: Revenue of $2.4M, expenses of $2.8M, and assets of $2.3M (revenue +6.0% year-over-year).
• 2014: Revenue of $2.3M, expenses of $2.7M, and assets of $2.7M (revenue +22.5% year-over-year).
• 2013: Revenue of $1.9M, expenses of $2.1M, and assets of $2.7M (revenue -18.3% year-over-year).
• 2012: Revenue of $2.3M, expenses of $2.3M, and assets of $3.0M (revenue -7.8% year-over-year).
• 2011: Revenue of $2.5M, expenses of $2.3M, and assets of $3.2M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Veterans Bio Medical Research Institute Inc:

Data Sources and Methodology

This transparency report for Veterans Bio Medical Research Institute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.