Overview
What is Tuscaloosa Research & Education Advancement Corporation?
Tuscaloosa Research & Education Advancement Corporation, or TREAC, is a nonprofit organization situated in Tuscaloosa, Alabama. Primarily focusing on clinical trials, TREAC has made significant strides in areas like substance abuse and alcohol treatment, early intervention programs, veteran care, and mental health research, particularly in addressing PTSD and opioid addiction. Their mission is to enhance the lives of veterans by advancing clinical knowledge through research and education. With a modest workforce of ten employees, TREAC is dedicated to improving the health and quality of life for veterans through groundbreaking studies.
Official website here: www.tuscaloosa.va.gov
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Tuscaloosa Research & Education Advancement Corporation has received a solid rating of 88%, which indicates a strong performance in the area of accountability and finance. This score is derived entirely from a single beacon score, reflecting the organization’s commitment to maintaining high standards in financial management and transparency. The most recent fiscal year assessed is FY2023.
Strengths of this nonprofit include a well-structured board, with three independent members contributing to its governance. The organization excels in its financial practices, as evidenced by a program expense ratio of 82.25%, which indicates that a significant portion of its expenses directly supports its mission-related programs. Additionally, all required policies and practices, such as conflict of interest and whistleblower policies, are properly listed and maintained.
However, it is noteworthy that only 33% of the board members are independent, which could suggest potential areas for improvement in governance diversity. Overall, the Tuscaloosa Research & Education Advancement Corporation demonstrates a strong financial foundation and a commitment to accountability, despite the limitation in board independence.
This AI summary has been generated from information found on Charity Navigator.
Is Tuscaloosa Research & Education Advancement Corporation legitimate?
Tuscaloosa Research & Education Advancement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tuscaloosa Research & Education Advancement Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $77,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $370,659
For more financial information, click here
Official website here: www.tuscaloosa.va.gov
What is the mission statement of Tuscaloosa Research & Education Advancement Corporation?
Tuscaloosa Research & Education Advancement Corporation (TREAC) is dedicated to enhancing the lives of veterans by advancing clinical knowledge through research. Their mission is to improve the health and quality of life of veterans, achieving this goal through the advancement of clinical knowledge and education. In the fiscal year 2022, TREAC's primary achievements were centered around clinical trials, including the Pharmacotherapies for Alcohol and Substance Abuse (PASA) project, AL-SBIRT, the Independence Project, Veterans Care (Coordinated Approach to Recovery and Employment), and a Kappa opioid receptor antagonist for the treatment of alcohol use disorder and comorbid PTSD.
Official website here: www.tuscaloosa.va.gov
Who is the CEO of Tuscaloosa Research & Education Advancement Corporation?
Sandra Creel is the President of Tuscaloosa Research & Education Advancement Corporation.
Official website here: www.tuscaloosa.va.gov
What is the revenue of Tuscaloosa Research & Education Advancement Corporation?
Tuscaloosa Research & Education Advancement Corporation's revenue in 2022 was $1,160,258.
Official website here: www.tuscaloosa.va.gov
Who are the executives of Tuscaloosa Research & Education Advancement Corporation and what are their salaries?
The average compensation at Tuscaloosa Research & Education Advancement Corporation during 2022 was $44,802. There are 10 employees and 9 volunteers at Tuscaloosa Research & Education Advancement Corporation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $191,502
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $273,313
- Other: $0
- Compensation: $0
- Related: $280,759
- Other: $0
- Compensation: $0
- Related: $90,857
- Other: $0
- Compensation: $0
- Related: $109,932
- Other: $0
- Compensation: $0
- Related: $153,694
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $66,528
- Related: $0
- Other: $5,660
Official website here: www.tuscaloosa.va.gov
Where can I find the form 990 for Tuscaloosa Research & Education Advancement Corporation?
Tuscaloosa Research & Education Advancement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tuscaloosa.va.gov
Learn more at the official website: www.tuscaloosa.va.gov
Mission Statement of Tuscaloosa Research & Education Advancement Corporation
Tuscaloosa Research & Education Advancement Corporation, or TREAC, is dedicated to enhancing the lives of veterans through the progression of clinical knowledge. Their primary objective is to improve the health and overall quality of life of veterans by promoting research and education in this field. TREAC's mission is to serve as a catalyst for innovation, fostering the development of effective treatments and interventions for various veteran health issues, such as substance abuse and mental health disorders. By conducting clinical trials, TREAC aims to uncover new insights and contribute to the advancement of evidence-based practices, ultimately benefiting the veterans who have served their country.
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Impact
July, 2024
Tuscaloosa Research & Education Advancement Corporation is making a significant impact in improving the lives of veterans through the advancement of clinical knowledge. Their focus on conducting clinical trials related to pharmacotherapies for alcohol and substance abuse, as well as treatments for comorbid PTSD, is instrumental in enhancing the quality of life for veterans. By engaging in research and education initiatives, they are contributing to the development of innovative approaches to veteran care, offering hope and support to those who have served our country.
This information is meant to be a general summary of Tuscaloosa Research & Education Advancement Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$59
- Program Service Revenue: $788,352
- Gross Receipts: $1,160,258
Assets and Liabilities:
- Total Assets: $1,040,495
- Total Liabilities: $377,041
- Net Assets: $663,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLINICAL RESEARCH INCO
Revenue
$746,994
REIMBURSED RESEARCH EX
Revenue
$41,358
Organization Details
Founding Year
1991
Phone
(205) 554-2000Principal Officer
Sandra Creel
Main Address
3701 LOOP ROAD EAST, TUSCALOOSA, AL, 35404
Website
www.tuscaloosa.va.govNTEE Category
Code: H99 - Medical research
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