VETERANS SUPPORT FOUNDATION

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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

1991

Legal Domicile

Principal Officer

KEITH KING

Phone

3134466885

Tax Period

2023-10-01 to 2024-09-30

VETERANS SUPPORT FOUNDATION, founded in 1991, is a small nonprofit in the Unknown sector that reported $629K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $833K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE FOUNDATION IS A NON-PROFIT NOW BASED IN DETROIT, MI. ITS DUAL FUNCTIONS ARE PROVIDING FUNDS TO NONPROFIT ORGANIZATIONS TO SUPPORT COMMUNITY-BASED, VETERAN-RELATED PROJECTS IN THE U.S. AND RUNNING SEVERAL HOUSES AS TRANSITIONAL AND PERMANENT RESIDENCES FOR HOMELESS VETERANS.

Program Service Accomplishments

Program 1

Expenses: $148,454 Revenue: $43,461

THE FOUNDATION OWNS AND OPERATES FOUR RESIDENTIAL PROPERTIES LOCATED IN CONNECTICUT. THREE COMPRISE THE FOUNDATIONS'S TRANSITIONAL HOUSING PROGRAM, WHICH PROVIDES UP TO TWENTY-FOUR HOMELESS VETERANS THE OPPORTUNITY TO LIVE IN A SECURE, SUPPORTED ENVIRONMENT WHILE EACH WORKS ON HIS RECOVERY. ONE RESIDENCE PROVIDES PERMANENT HOUSING TO SIX VETERANS. THE VETERANS REMAIN IN ACTIVE TREATMENT WITH THE U.S. DEPARTMENT OF VETERANS AFFAIRS (VA) WHILE THEY RESIDE IN THE HOUSES.

Program 2

Expenses: $210,800

THE FOUNDATION PROVIDES FUNDING IN THE FORM OF GRANTS FOR VETERAN-RELATED PROJECTS THROUGHOUT THE U.S., AND GIVES PRIORITY TO MATCHING FUND PROJECTS. FUNDING IS USED SOLELY FOR SCIENTIFIC...

THE FOUNDATION PROVIDES FUNDING IN THE FORM OF GRANTS FOR VETERAN-RELATED PROJECTS THROUGHOUT THE U.S., AND GIVES PRIORITY TO MATCHING FUND PROJECTS. FUNDING IS USED SOLELY FOR SCIENTIFIC, CHARITABLE, AND EDUCATIONAL PURPOSES AND ARE SCHEDULED FOR A ONE-YEAR PERIOD.

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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 $536,157

Program Service Revenue $9,394

Investment Income $0

Other Revenue $83,200

TOTAL REVENUE $628,751

Expense Breakdown

Grants Paid $210,800

Salaries & Benefits $33,632

Fundraising Expenses $399,289

Program Expenses $359,254

Other Expenses $189,090

TOTAL EXPENSES $832,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$628,751	$461,703	+0.4%
Expenses	$832,811	$627,196	+0.3%
Net Income	$-204,060	$-165,493	+0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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
MARSEILLE ALLEN	DIRECTOR	N/A	Officer	$0	$0	$0
ALAN COOK	TREASURER	N/A	Officer	$0	$0	$0
BEN KEEN	VICE-PRESIDE	N/A	Officer	$0	$0	$0
KEITH KING	PRESIDENT	N/A	Officer	$0	$0	$0
ALETA KRAUSS	DIRECTOR	N/A	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	$628,751	$832,811	$1,401,779	$-204,060
2023	$461,703	$627,196	$1,576,592	$-165,493
2023	$628,420	$776,792	$1,711,368	$-148,372
2022	$628,420	$776,792	$1,711,368	$-148,372
2021	$1,506,940	$1,135,841	$1,946,866	$371,099
2021	$1,506,940	$1,135,841	$1,946,866	$371,099
2020	$1,502,607	$1,734,387	$2,010,249	$-231,780
2019	$2,460,369	$2,586,486	$2,528,640	$-126,117