NORTH COUNTRY VETERANS ASSOC INC

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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

1981

Legal Domicile

Principal Officer

FRANK MCGRATH

Phone

5185613737

Tax Period

2023-01-01 to 2023-12-31

NORTH COUNTRY VETERANS ASSOC INC, founded in 1981, is a small nonprofit that reported $190K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $1.4M represent 85 months of operating reserves.

Mission

ASSOCIATION DESIGNED TO HELP VETERANS AND THEIR FAMILIES. INCLUDING FOOD PANTRY, COUNSELING, SOCIAL ACTIVITIES,BEREAVEMENT SERVICES AND OVERALL SUPPORT

Program Service Accomplishments

Program 1

PROVIDED ASSISTANCE TO NORTH COUNTRY VETERANS AND FAMILIES

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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 $189,997

Program Service Revenue $0

Investment Income $41

Other Revenue $0

TOTAL REVENUE $190,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $199,710

TOTAL EXPENSES $199,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,038	$205,353	-0.1%
Expenses	$199,710	$201,817	0.0%
Net Income	$-9,672	$3,536	-3.7%

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

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

Volunteers

210

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
ROBERT JEAN	PRESIDENT	10.00	Officer	$0	$0	$0
KENNETH HYNES	SECRETARY	40.00	Officer	$0	$0	$0
FRANK MCGRATH	TREASURER	30.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$190,038	$199,710	$1,352,789	$-9,672
2022	$205,353	$201,817	$1,412,130	$3,536
2021	$309,373	$293,044	$1,372,443	$16,329
2020	$233,429	$247,093	$1,158,271	$-13,664
2019	$139,537	$141,285	$1,164,967	$-1,748
2018	$47,721	$42,483	$983,763	$5,238