VETERANS EDUCATION AND RESEARCH ASSOCIATION OF NORTHERN NEW ENGLAND INC (EIN 223091219) - 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

1989

Legal Domicile

Principal Officer

SHEILA NOONE

Phone

8022966353

Tax Period

2024-10-01 to 2025-09-30

VETERANS EDUCATION AND RESEARCH ASSOCIATION OF NORTHERN NEW ENGLAND INC, founded in 1989, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024.

Mission

THE PRINCIPAL MISSION OF VERANNE, AS OUTLINED IN THE AUTHORIZATION BY CONGRESS UNDER 38 USC 7361-7366, IS TO A PROVIDE A FLEXIBLE FUNDING MECHANISM TO SUPPORT THE CONDUCT OF VA-AUTHORIZED RESEARCH AND EDUCATION AT ITS PARTNER VA MEDICAL CENTERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,363

Program Service Revenue $3,286,781

Investment Income $5,601

Other Revenue $0

TOTAL REVENUE $3,293,745

Expense Breakdown

Grants Paid $389,334

Salaries & Benefits $2,108,245

Fundraising Expenses $0

Program Expenses $3,193,634

Other Expenses $1,049,055

TOTAL EXPENSES $3,546,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,293,745	$3,336,011	0.0%
Expenses	$3,546,634	$4,107,016	-0.1%
Net Income	$-252,889	$-771,005	-0.7%

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

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

$168,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD SCHIMELMAN MD	ACOS/R&E VA ME	0.50	Director	$0	$0	$0
BRETT RUSCH MD	EXECUTIVE DIRECTOR WRJ	0.50	Director	$0	$0	$0
BRIAN PHEMESTER DO	ACOS/E VA MHT	0.50	Director	$0	$0	$0
BRIAN SHINER MD	ACOS/R VA WRJ, CHAIR	3.00	Officer Director	$0	$0	$0
DANIEL O'ROURKE MD	CHIEF OF STAFF, VA WRJ	0.50	Director	$0	$0	$0
HUGH HUIZENGA MD	ACOS/E, VA WRJ VICE CHAIR	0.50	Officer Director	$0	$0	$0
JOSE CASARES MA CIP	TREASURER/SECRETARY (LEFT 12/24)	3.00	Officer Director	$0	$0	$0
KEVIN FORREST FACHE	MEDICAL CENTER DIRECTOR VA	0.50	Director	$0	$0	$0
KRISTIN MATTOCKS PHD MPH	ACOS/R&E, VA CWM CHAIR	0.50	Officer Director	$0	$0	$0
MARY RAUSCHENBERG	TREASURER/SECRETARY EFFECTIVE 1/25	2.00	Officer Director	$0	$0	$0
ROBERT ZWOLAK MD	ACOS/R VA MHT	2.00	Director	$0	$0	$0
TRACYE DAVIS	MEDICAL CENTER DIRECTOR VA	0.50	Director	$0	$0	$0
JONATHAN KERR	ACTING MCD FOR GILL, TERM	0.50	Director	$0	$0	$0
SHEILA NOONE	EXECUTIVE DIRECTOR	40.00	Officer	$168,074	$0	$168,074

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	$3,293,745	$3,546,634	$2,331,069	$-252,889
2024	$3,336,011	$4,107,016	$2,815,255	$-771,005
2023	$3,426,659	$3,710,694	$3,425,938	$-284,035
2022	$3,386,873	$3,619,068	$3,573,335	$-232,195
2021	$3,052,642	$3,213,275	$3,547,647	$-160,633
2020	$3,654,040	$3,152,967	$3,751,956	$501,073
2019	$2,287,872	$2,311,180	$3,049,423	$-23,308
2018	$2,157,875	$1,926,380	$2,919,368	$231,495

VETERANS EDUCATION AND RESEARCH ASSOCIATION OF NORTHERN NEW ENGLAND INC