VIETNAM VETERANS OF AMERICA CHAPTER 602 (EIN 223131401) - 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

1990

Legal Domicile

Principal Officer

RICHARD KRAUS

Phone

6094256805

Tax Period

2023-03-01 to 2024-02-29

VIETNAM VETERANS OF AMERICA CHAPTER 602, founded in 1990, is a micro nonprofit that reported $7K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $13K exceeded revenue, resulting in a 87% operating deficit.

Mission

ENTITY MISSION IS TO RAISE FUNDS TO SUPPORT LOCAL VETERANS AND DEPENDENTS AND TO INCREASE PUBLIC AWARENESS OF THE PROBLEMS THEY EXPERIENCE. THIS FINE ENTITY ALSO HELPS THE LOCAL TAX EXEMPT CHARITIES AND ALSO UNDERPRIVILEGED 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 $2,515

Program Service Revenue $0

Investment Income $4,520

Other Revenue $0

TOTAL REVENUE $7,035

Expense Breakdown

Grants Paid $9,155

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,015

TOTAL EXPENSES $13,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,035	$4,330	+0.6%
Expenses	$13,170	$15,377	-0.1%
Net Income	$-6,135	$-11,047	-0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK BROWN	PRESIDENT	N/A	Officer	$0	$0	$0
RICHARD KRAUS	TREASURER	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	$7,035	$13,170	$116,730	$-6,135
2023	$4,330	$15,377	$122,865	$-11,047
2022	$4,833	$22,029	$133,783	$-17,196
2021	$10,270	$20,235	$150,979	$-9,965
2020	$101,438	$85,902	$160,944	$15,536
2019	$187,320	$176,977	$145,408	$10,343

VIETNAM VETERANS OF AMERICA CHAPTER 602