BRIDGEWATER VETERANS INC

EIN: 042084695

BRIDGEWATER, MA

Total Revenue
$255,931
Total Expenses
$282,124
Total Assets
$463,764
Net Assets
$454,721
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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
1994
Legal Domicile
MA
Principal Officer
PAUL HANNEY
Phone
5086979874
Tax Period
2025-01-01 to 2025-12-31

BRIDGEWATER VETERANS INC, founded in 1994, is a small nonprofit that reported $256K in total revenue in fiscal year 2025. Expenses of $282K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROMOTE AND CARRYOUT THE ADVANCEMENT OF SOCIAL, CULTURAL AND POLITICAL ACTIVITIES AMONG OUR MEMBERS.

Program Service Accomplishments

Program 1

TO COMPILE AND DISTRIBUTE INFORMATION TO ITS MEMBERS FOR THEIR BENEFIT

Program 2

THE PROMOTION OF ATHLETICS

Program 3

TO PROMOTE AND CARRYOUT THE ADVANCEMENT OF SOCIAL, CULTURAL AND POLITICAL ACTIVITIES AMONG OUR MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $14,210
Program Service Revenue $0
Investment Income $4,390
Other Revenue $237,331
TOTAL REVENUE $255,931

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,814
Fundraising Expenses $0
Other Expenses $175,310
TOTAL EXPENSES $282,124

Year-over-Year Comparison

2025 2024 Change
Revenue $255,931 $252,960 +0.0%
Expenses $282,124 $240,848 +0.2%
Net Income $-26,193 $12,112 -3.2%
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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Governance

Voting Members
11
Independent Members
N/A
Employees
17
Volunteers
11

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
$26,000
Total Directors
11
$26,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL HANNEY OFFICER 20.00
Officer Director
$26,000 $0 $26,000
KAREN HUBBARD DIRECTOR 1.00
Director
$0 $0 $0
TOM LYNCH DIRECTOR 1.00
Director
$0 $0 $0
CHARLES DOOLEY DIRECTOR 1.00
Director
$0 $0 $0
GEORGE CULLEN DIRECTOR 1.00
Director
$0 $0 $0
JAMES ROSS DIRECTOR 1.00
Director
$0 $0 $0
HENRY KING TREASURER 1.00
Director
$0 $0 $0
SHANE BYRNES ALTERNATE DIRECTOR 1.00
Director
$0 $0 $0
PAUL HANLEY PRESIDENY 1.00
Officer Director
$0 $0 $0
KENNETH JENKINS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRUCE SIBYA SECRETARY 1.00
Officer Director
$0 $0 $0
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 $255,931 $282,124 $463,764 $-26,193
2024 $252,960 $240,848 $496,064 $12,112
2023 $282,377 $268,434 $479,842 $13,943
2023 $282,377 $268,434 $479,842 $13,943
2022 $282,374 $246,037 $462,712 $36,337
2021 $235,045 $207,836 $439,648 $27,209
2020 $110,147 $149,190 $404,107 $-39,043
2019 $211,835 $222,607 $429,656 $-10,772
2018 $240,762 $239,164 $437,610 $1,598
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