ST JOSEPH VETERANS ASSO

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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

1960

Legal Domicile

Principal Officer

LEO BENOIT

Phone

4017629652

Tax Period

2023-01-01 to 2023-12-31

ST JOSEPH VETERANS ASSO, founded in 1960, is a micro nonprofit that reported $48K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $81K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO ASSIST VETERANS OFFER SCHOLARSHIPS TO THEIR CHILDREN, PROVIDE ASSISTANCE IN TIME OF NEED AND BERIEVEMENT

Program Service Accomplishments

Program 1

BAR SALES TO ASSIST VETERANS OFFER SCHOLARSHIPS Of THEIR CHILDREN, PROVIDE ASSISTANCE IN TIME OF ILLNESS AND PARTICIPATE IN VETERAN AFFAIRS

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,300

Program Service Revenue $0

Investment Income $18

Other Revenue $42,618

TOTAL REVENUE $47,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,877

Fundraising Expenses $0

Other Expenses $6,498

TOTAL EXPENSES $81,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,936	$38,606	+0.2%
Expenses	$81,375	$63,926	+0.3%
Net Income	$-33,439	$-25,320	+0.3%

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

Governance

Voting Members

Independent Members

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HEROUX	COMMANDER	030.00	Officer	$0	$0	$0
RENE BOUDREAU	VICE COMMANDER	010.00	Officer	$0	$0	$0
JOE KERNS	JR VICE COMMANDER	030.00	Officer	$0	$0	$0
JACUELINE BOUDREAU	FINANCE OFFICER	030.00	Officer Key Emp	$0	$0	$0
KATHY HEROUX	ADJUTANT	030.00	Officer	$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
2024	No data	No data	No data	No data
2023	$47,936	$81,375	$93,113	$-33,439
2022	$38,606	$63,926	$148,052	$-25,320
2020	$144,383	$136,818	$124,969	$7,565
2019	$178,816	$196,625	$59,436	$-17,809
2018	$188,109	$167,235	$78,010	$20,874