VETERAN'S HOME ASSOCIATION INC (EIN 226063732) - 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

1949

Legal Domicile

Principal Officer

JOHN ALTIERI

Phone

6098847961

Tax Period

2024-01-01 to 2024-12-31

VETERAN'S HOME ASSOCIATION INC, founded in 1949, is a small nonprofit that reported $283K in total revenue in fiscal year 2024. The organization ran a surplus of $49K, a strong 17% operating margin.

Mission

TO PERFORM COMMUNITY ACTIVITES, SCHOLARSHIPS AND HOSPITAL SERVICES TO VETS.

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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 $12,241

Program Service Revenue $65,690

Investment Income $12

Other Revenue $205,466

TOTAL REVENUE $283,409

Expense Breakdown

Grants Paid $30,180

Salaries & Benefits $86,924

Fundraising Expenses $0

Other Expenses $117,343

TOTAL EXPENSES $234,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$283,409	$262,641	+0.1%
Expenses	$234,447	$207,036	+0.1%
Net Income	$48,962	$55,605	-0.1%

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

$20,500

Total Directors

$20,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE BOYT	TREASURER	10.00	Officer Director	$20,500	$0	$20,500
JOHN ALTIERI	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLOTTE ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE BROWN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES MATTHEWS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
CARL TIERNEY	SECRETARY	1.00	Officer 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	$283,409	$234,447	$388,635	$48,962
2023	$262,641	$207,036	$346,700	$55,605
2022	$200,644	$178,172	$296,948	$22,472
2021	$164,346	$116,993	$280,369	$47,353
2019	$148,992	$148,530	$251,143	$462
2018	$167,609	$135,401	$250,846	$32,208

VETERAN'S HOME ASSOCIATION INC