AMVETS POST 32 QUARTERS CORP

EIN: 046125463

GLOUCESTER, MA

Total Revenue
$21,673
Total Expenses
$130,795
Total Assets
$567,541
Net Assets
$564,752
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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
1950
Legal Domicile
MA
Tax Period
2023-07-01 to 2024-06-30

AMVETS POST 32 QUARTERS CORP, founded in 1950, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $131K exceeded revenue, resulting in a 503% operating deficit.

Mission

SUPPORTING VETERANS AND COMMUNITY ORGANIZATIONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $47,334
Program Service Revenue $0
Investment Income $5,542
Other Revenue $-31,203
TOTAL REVENUE $21,673

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $130,795
TOTAL EXPENSES $130,795

Year-over-Year Comparison

2023 2022 Change
Revenue $21,673 $185,885 -0.9%
Expenses $130,795 $222,646 -0.4%
Net Income $-109,122 $-36,761 +2.0%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
12
Volunteers
N/A

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
8
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDMUND VIATOR JUDGE ADVOCATE 0.00
Officer Director
$0 $0 $0
MICHAEL GIACALONE FINANCE OFFICER 0.00
Officer Director
$0 $0 $0
GENE SUTHERLAND ADJUTANT 0.00
Officer Director
$0 $0 $0
MICHAEL GIACALONE 2ND VICE COMMANDER 0.00
Officer Director
$0 $0 $0
SEAN CUNNINGHAM 1ST VICE COMMANDER 0.00
Officer Director
$0 $0 $0
NICHOLAS M BROWNING COMMANDER 0.00
Officer Director
$0 $0 $0
VICTOR ANIDO PROVOST MARSHALL 0.00
Officer Director
$0 $0 $0
EDMUND VIATOR CHAPLAIN 0.00
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 No data No data No data No data
2024 $21,673 $130,795 $567,541 $-109,122
2023 $185,885 $222,646 $663,214 $-36,761
2022 $5,292 $42,680 $246,342 $-37,388
2021 $39,455 $50,054 $283,001 $-10,599
2020 $14,723 $67,650 $310,165 $-52,927
2019 $31,535 $59,237 $345,176 $-27,702
2018 $47,355 $77,388 $370,794 $-30,033
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