VETERANS LEGAL SERVICES INC (EIN 043212264) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

WILLIAM ASHER

Phone

8573174474

Tax Period

2023-09-01 to 2024-08-31

VETERANS LEGAL SERVICES INC, founded in 1991, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $446K, a strong 23% operating margin.

Mission

HELP MA VETERANS OVERCOME ADVERSITY BY PROVIDING FREE CIVIL LEGAL AID TO PROMOTE WELL-BEING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,871,362

Program Service Revenue $0

Investment Income $113,900

Other Revenue $-25,495

TOTAL REVENUE $1,959,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,227,331

Fundraising Expenses $130,689

Program Expenses $1,285,610

Other Expenses $286,356

TOTAL EXPENSES $1,513,687

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,959,767	$1,552,409	+0.3%
Expenses	$1,513,687	$1,270,126	+0.2%
Net Income	$446,080	$282,283	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

315

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

$339,286

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM ASHER	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
ELYSE MARKS	TREASURER	3.00	Officer Director	$0	$0	$0
DANIEL CAREY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GLANVILLE LOVE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH KEARNS GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS HASENFUS	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN HAYDEN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LAPENTA	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE JACKSON LESLIE	DIRECTOR	1.00	Director	$0	$0	$0
CHANAL NEVES-MCCAIN	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MORRISSEY	DIRECTOR	1.00	Director	$0	$0	$0
JEONG PARK	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA TROBE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER WALTON	DIRECTOR	1.00	Director	$0	$0	$0
ANEISHA WORRELL	DIRECTOR	1.00	Director	$0	$0	$0
SARAH ROXBURGH	CO-EXECUTIVE DIRECTOR & CHIEF OF OPERATIONS	40.00	Officer	$148,872	$22,938	$171,810
ANNA RICHARDSON	CO-EXECUTIVE DIRECTOR & CHIEF COUNSEL	40.00	Officer	$148,170	$19,306	$167,476
ANGIE VARGAS	PRO BONO DIRECTOR	40.00	Highest	$105,769	$6,831	$112,600
EVE ELLIOTT	DIRECTOR OF LAW STUDENT, CO-OP, AND FELLOWSHIP PRO	40.00	Highest	$100,415	$22,469	$122,884

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
2024	$1,959,767	$1,513,687	$4,132,643	$446,080
2023	$1,552,409	$1,270,126	$3,782,719	$282,283
2022	$1,454,270	$1,122,506	$3,076,934	$331,764
2021	$1,108,269	$1,008,506	$2,779,569	$99,763
2020	$890,259	$793,818	$2,698,605	$96,441
2019	$1,857,451	$710,350	$2,381,488	$1,147,101
2018	$701,562	$649,661	$1,206,442	$51,901

VETERANS LEGAL SERVICES INC