Louisiana Veterans Research and Education Corporation

Nonprofit profile at a glance

EIN
721199206
IRS 990 coverage
2020–2025
Forms available
Form 990 2025, Form 990-EZ 2022, Form 990-N 2014
Location
New Orleans, LA, USA
Phone
5042580833
Rating
57
Verdict
MIXED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$361,564
Expenses
$359,917
Assets
$759,026
Liabilities
$590,033

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • HAROLD J FLANAGAN JD (BOARD PRESIDENT)
  • NATASHA COEN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • NATASHA COEN (EXECUTIVE DIRECTOR): $100,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To facilitate medical research and education programs conducted at the southeast Louisiana veterans health care system.

What it reported doing in 2025

Facilitating scientific research and clinical trials at the southeast Louisiana veterans health care system. The 2025 trials and grants included: an early cancer detection clinical trial sponsored by grail; a federally funded arpa-h grant subaward focused on honing the technology behind rapid cancer imaging; an olympus device study in subjects with benign prostatic hyperplasia; a robert wood johnson foundation grant subaward that assesses medical mistrust impacting how african american men diagnosed with early-stage prostate cancer seek care; three department of defense subawards examinging trauma and guilt reduction therapy, improving ptsd therapy outcomes, and ptsd therapy in outpatient substance use treatment; a quality improvement project with american heart association and noavrtis studying va lipid optimization reimagined in veterans with ascvd; a veracyte device study in subjects with pulmonary nodules; a veterans parkinson's disease genetics initiative sponsored by the michael j fox foundation, and a concept medical confidential cardiology trial.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 90
  • Accountability: 40
  • Sustainability: 37
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 47.1%; rating input score 47
  • Program expense ratio: 47.3%; rating input score 47
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 25%; rating input score 25; 17th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.5%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 2.11; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.78; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 27.8%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -15.6% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 15.5% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 21.4% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 47.1% of revenue deployed · 47.3% of spending went to programs
  • Governance: 2 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $170K in reported program spending
  • Leadership: top reported pay $100K · 9 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • High — Accountability: Independent voting board scored 25/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.