SALUTE INC

EIN: 061718308 501(c)(3) Human Services

PALATINE, IL

Total Revenue
$1,549,147
Total Expenses
$1,407,216
Total Assets
$1,543,818
Net Assets
$1,543,818
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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
2004
Legal Domicile
IL
Principal Officer
MARC GALLANT
Phone
8473598811
Tax Period
2024-04-01 to 2025-03-31

SALUTE INC, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 9% surplus.

Mission

SALUTE,INC. IS DEDICATED TO MEETING THE FINANCIAL, PHYSICAL, AND EMOTIONAL NEEDS OF INJURED MILITARY SERVICE MEMBERS, VETERANS AND THEIR FAMILIES. WE STRIVE TO RAISE AWARENESS OF THEIR SACRIFICES AND PROVIDE A SAFETY NET TO ENSURE EVERY MILITARY FAMILY IS TREATED WITH RESPECT.

Program Service Accomplishments

Program 1
Expenses: $1,197,319

PROGRAMS FOR INJURED VETERANS AND ACTIVE DUTY MILITARY PROVIDING FINANCIAL ASSISTANCE FOR HOUSING, CAR, UTILITIY, FOOD, AND OTHER CRITICAL NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,429,460
Program Service Revenue $0
Investment Income $72,832
Other Revenue $46,855
TOTAL REVENUE $1,549,147

Expense Breakdown

Grants Paid $965,215
Salaries & Benefits $289,741
Fundraising Expenses $149,179
Program Expenses $1,197,319
Other Expenses $152,260
TOTAL EXPENSES $1,407,216

Year-over-Year Comparison

2024 2023 Change
Revenue $1,549,147 $1,178,310 +0.3%
Expenses $1,407,216 $1,374,215 +0.0%
Net Income $141,931 $-195,905 -1.7%
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
10
Independent Members
10
Employees
10
Volunteers
38

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
5
$74,769
Total Directors
10
$74,769
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY BETH BEIERSDORF Executive Dir. 50.00
Officer Director
$74,769 $0 $74,769
MARC GALLANT President 3.00
Officer Director
$0 $0 $0
DAN CAPOZZI Director 1.00
Director
$0 $0 $0
JIM COX Director 1.00
Director
$0 $0 $0
WILLIAM BORST III Secretary 1.00
Officer Director
$0 $0 $0
ANDREW HELLMAN Director 1.00
Director
$0 $0 $0
SCOTT SKINGER Director 1.00
Director
$0 $0 $0
CURT MATLIN Vice President 5.00
Officer Director
$0 $0 $0
PETER MONAHAN Director 1.00
Director
$0 $0 $0
RYAN EISENHARDT Treasurer 5.00
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 $1,549,147 $1,407,216 $1,543,818 $141,931
2024 $1,178,310 $1,374,215 $1,401,887 $-195,905
2023 $1,397,803 $1,314,538 $1,597,792 $83,265
2022 $1,155,385 $1,075,528 $1,514,527 $79,857
2021 $939,781 $885,952 $1,434,670 $53,829
2020 $1,338,786 $1,168,421 $1,380,841 $170,365
2019 $1,182,023 $1,067,791 $1,210,476 $114,232
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