VERITANS CLUB INC (EIN 221476163) - Form 990 Financial Analysis & Trantor Score

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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

1951

Legal Domicile

Principal Officer

MARK MURRAY

Phone

2018810800

Tax Period

2023-01-01 to 2023-12-31

VERITANS CLUB INC, founded in 1951, is a small nonprofit in the Recreation & Sports sector that reported $151K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $294K exceeded revenue, resulting in a 94% operating deficit.

Mission

PROVIDE, MAINTAIN AND OPERATE NOT-FOR-PROFIT DAY CAMP FOR CHILDREN

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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 $0

Program Service Revenue $7,380

Investment Income $24,422

Other Revenue $119,462

TOTAL REVENUE $151,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $181,892

Other Expenses $293,856

TOTAL EXPENSES $293,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,264	$229,961	-0.3%
Expenses	$293,856	$289,772	+0.0%
Net Income	$-142,592	$-59,811	+1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BERNARD L KASHMAN	Trustee	Director	$0	$0	$0
AL BOGRAD	Director	Director	$0	$0	$0
JAMES BLAKE	Vice President	Director	$0	$0	$0
MARK MURRAY	President	Director	$0	$0	$0
DAVID SCHWARTZ	Trustee	Director	$0	$0	$0
ALAN MERKER	Director	Director	$0	$0	$0
LARY RAIKEN	Director	Director	$0	$0	$0
PAUL BECK	Director	Director	$0	$0	$0
GENE SCHULMAN	Director	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
2024	No data	No data	No data	No data
2023	$151,264	$293,856	$1,588,932	$-142,592
2022	$229,961	$289,772	$1,343,039	$-59,811
2021	$264,988	$208,809	$1,340,763	$56,179
2020	$59,018	$307,571	$1,267,724	$-248,553
2019	$314,560	$314,715	$1,378,533	$-155
2018	$423,406	$300,669	$1,616,075	$122,737

VERITANS CLUB INC