VetFund Foundation

EIN: 205195691 501(c)(3) Public & Societal Benefit

Sacramento, CA

Total Revenue
$310,807
Total Expenses
$377,867
Total Assets
$82,509
Net Assets
$82,509
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
Fernando Vellanoweth
Phone
9162338044
Tax Period
2025-01-01 to 2025-12-31

VetFund Foundation, founded in 2009, is a small nonprofit in the Public & Societal Benefit sector that reported $311K in total revenue in fiscal year 2025. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $378K exceeded revenue, resulting in a 22% operating deficit.

Mission

The mission of the VetFund Foundation is to support projects and programs that enrich the lives of California veterans and their families, and active duty service members, and to advocate for veterans issues and veteran

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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 (2025)

Revenue Breakdown

Contributions & Grants $309,497
Program Service Revenue $0
Investment Income $1,310
Other Revenue $0
TOTAL REVENUE $310,807

Expense Breakdown

Grants Paid $4,169
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $377,867
Other Expenses $373,698
TOTAL EXPENSES $377,867

Year-over-Year Comparison

2025 2024 Change
Revenue $310,807 $414,082 -0.2%
Expenses $377,867 $379,321 0.0%
Net Income $-67,060 $34,761 -2.9%
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
19
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ned D McKinley Member 001.00
Director
$0 $0 $0
Fernando Vellanoweth Treasurer 003.00
Officer Director
$0 $0 $0
Kent Kauss Member 001.00
Director
$0 $0 $0
Jorge Haynes Member 001.00
Director
$0 $0 $0
Stephen Milano Member 001.00
Director
$0 $0 $0
Michelle Oushakoff Secretary 002.00
Officer Director
$0 $0 $0
Deborah Johnson Member 001.00
Director
$0 $0 $0
Dale E Smith Chair Emeritus 001.00
Director
$0 $0 $0
Robert T O'Neill Chair Emeritus 001.00
Director
$0 $0 $0
Arnold Sowell Member 001.00
Director
$0 $0 $0
Meghan Loper Member 001.00
Director
$0 $0 $0
Stacy Smith Member 001.00
Director
$0 $0 $0
Tim Reimers Member 001.00
Director
$0 $0 $0
Jon Welch Member 001.00
Director
$0 $0 $0
Chad Hodges Member 001.00
Director
$0 $0 $0
Julian Canete Chair 001.00
Officer Director
$0 $0 $0
Dr Marshall W Thomas Vice Chair 001.00
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 $310,807 $377,867 $82,509 $-67,060
2024 No data No data No data No data
2023 $195,595 $336,561 $114,808 $-140,966
2022 $358,489 $172,603 $255,774 $185,886
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