Foundation for Atlanta Veterans Education and Research, Inc. (FAVER) Market Research Report

Background

Overview

The Foundation for Atlanta Veterans Education and Research, Inc. (FAVER) is a nonprofit organization established on July 14, 1989, to advance the research and educational activities of the Atlanta Veterans Affairs Health Care System (AVAHCS). Incorporated in the State of Georgia as a 501(c)(3) tax-exempt entity, FAVER operates under the motto "A Foundation Established to Advance VA Research and Education." The organization is dedicated to improving the health and well-being of veterans through medical research, education, and enhanced care opportunities.

Mission and Vision

FAVER's mission is to honor and support veterans by advancing medical research, providing education, and enhancing care opportunities that directly impact their health and well-being. The organization envisions transforming veterans' lives through innovative research and educational partnerships.

Primary Area of Focus

FAVER focuses on facilitating and supporting research and education initiatives within the AVAHCS. This includes a diverse range of medical research projects aimed at understanding and treating conditions prevalent among veterans, such as post-traumatic stress disorder (PTSD), arthritis, and vision loss. The organization also emphasizes educational programs for VA staff, veterans, and caregivers to improve healthcare delivery and empower those who support veterans.

Industry Significance

As one of 80 active VA-affiliated nonprofit corporations, FAVER plays a crucial role in advancing VA research and education. By partnering with the AVAHCS, academic institutions, government research organizations, and private companies, FAVER enhances the capacity to conduct research and provide education that directly benefits veterans. This collaborative approach significantly contributes to the improvement of healthcare services and outcomes for veterans.

Key Strategic Focus

Core Objectives

• Advancement of Medical Research: Support and facilitate research projects that aim to discover, develop, or verify knowledge related to the causes, diagnosis, treatment, or control of physical and mental diseases affecting veterans.

• Educational Support: Provide educational programs and learning opportunities for VA staff, veterans, and caregivers to enhance healthcare delivery and empower those who support veterans.

• Infrastructure Development: Develop and maintain research infrastructure that supports a wide range of medical research projects, ensuring efficient and effective conduct of studies.

Specific Areas of Specialization

• Veteran-Centric Research: Focus on conditions and diseases prevalent among veterans, including PTSD, arthritis, vision loss, and other service-related health issues.

• Collaborative Research Initiatives: Engage in partnerships with academic institutions, government agencies, and private sector organizations to enhance research capabilities and outcomes.

Key Technologies Utilized

• Clinical Research Infrastructure: Utilize advanced clinical research facilities and technologies to conduct studies, including the Clinical Studies Center (CSC) at the AVAHCS.

• Data Management Systems: Implement robust data management and analysis systems to handle complex research data efficiently.

Primary Markets or Conditions Targeted

• Veteran Health Conditions: Address a wide range of health conditions affecting veterans, with a particular emphasis on mental health disorders, musculoskeletal issues, and chronic diseases.

• Healthcare Improvement: Focus on improving healthcare delivery and outcomes for veterans through research and education.

Financials and Funding

Funding History

FAVER has historically relied on a diverse funding base, including federal, state, private, and industry sources. This diversified funding approach ensures the sustainability and growth of its research and educational initiatives.

Total Funds Raised

In 2023, FAVER reported revenues of $13,736,339, reflecting the organization's successful fundraising efforts and financial health.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed. However, FAVER continues to engage with various funding sources to support its mission.

Notable Investors

As a nonprofit organization, FAVER does not have investors in the traditional sense. Instead, it receives funding from a variety of sources, including government agencies, private sector partners, and individual donors.

Intended Utilization of Capital

Funds raised are utilized to support new medical research and education projects, provide seed funds for promising new researchers, improve veterans' access to the latest treatments and medical technology, supply medical equipment and technology to facilitate research, fund travel for researchers to present scientific data, and support research in specific areas of medical science or interest.

Pipeline Development

Key Pipeline Candidates

FAVER supports a diverse array of research projects targeting conditions such as PTSD, arthritis, vision loss, and other health issues prevalent among veterans. Specific details about individual pipeline candidates are not publicly disclosed.

Stages of Clinical Trials or Product Development

FAVER's supported research projects are at various stages, from early-stage studies to advanced clinical trials. The organization facilitates the progression of these studies by providing necessary infrastructure and resources.

Target Conditions

• Mental Health Disorders: Including PTSD and depression.

• Musculoskeletal Issues: Such as arthritis and other joint-related conditions.

• Vision Loss: Addressing causes and treatments for vision impairment among veterans.

Relevant Timelines for Anticipated Milestones

Specific timelines for research milestones are not publicly disclosed. However, FAVER is committed to advancing research efficiently to improve veterans' health outcomes.

Technological Platform and Innovation

Proprietary Technologies

FAVER does not publicly disclose proprietary technologies. However, it utilizes advanced clinical research facilities and data management systems to support its research initiatives.

Significant Scientific Methods

• Clinical Research Studies: Conducting studies to understand and treat conditions affecting veterans.

• Collaborative Research: Partnering with academic institutions and other organizations to enhance research capabilities.

AI-Driven Capabilities

Specific details regarding AI-driven capabilities are not publicly disclosed. However, FAVER employs advanced technologies to facilitate research and education.

Leadership Team

Executive Profiles

• Leslie Hughes: Executive Director. Leslie has been with FAVER for several years, overseeing the organization's operations and strategic direction. Under her leadership, FAVER has expanded its research and educational initiatives.

• Dr. C. Michael Hart: President. Dr. Hart provides strategic oversight and guidance to FAVER, ensuring alignment with the organization's mission and goals.

• B. Stanton Breon Jr., CFA, CPA: Treasurer. B. Stanton manages FAVER's financial operations, ensuring fiscal responsibility and transparency.

• Virginia Krawiec, MPA: Secretary. Virginia oversees the organization's administrative functions, supporting effective governance and operations.

• Machelle Pardue, PhD: Board Member. Dr. Pardue contributes her expertise in vision research to guide FAVER's initiatives.

• Ann R. Brown, FACHE: Board Member. Ann brings her experience in healthcare administration to support FAVER's mission.

• Robert Norvel, MD, MBA: Board Member. Dr. Norvel provides medical insights to inform FAVER's research and educational programs.

• Ken Keen: Board Member. Ken offers strategic guidance to enhance FAVER's impact and reach.

• Daniel L. Ducker, M.Ed., MSS: Board Member. Daniel contributes his expertise in education and social services to support FAVER's initiatives.

• Jeanie Park, MD: Board Member. Dr. Park provides medical expertise to guide FAVER's research and educational efforts.

• Constance Mack-Andrews, PhD: Board Member. Dr. Mack-Andrews offers her experience in psychology to inform FAVER's programs.

Leadership Changes

Specific details regarding recent leadership changes are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The nonprofit sector focused on veterans' health research is competitive, with several organizations vying for funding and partnerships. FAVER distinguishes itself through its strong partnerships with the AVAHCS and its comprehensive approach to research and education.

Competitor Analysis

• Atlanta VA Health Care System (AVAHCS): As a major healthcare provider for veterans, AVAHCS conducts its own research and education programs.

• Emory University: