ROYERSFORD VETERANS HOME ASSOCIATI… - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

RICHARD KLINE

Phone

6102203160

Tax Period

2023-01-01 to 2023-12-31

ROYERSFORD VETERANS HOME ASSOCIATION, founded in 1946, is a small nonprofit that reported $121K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $154K exceeded revenue, resulting in a 28% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

PROVIDE A PHYSICAL FACILITY FOR VETERANS OF ALL BRANCHES OF THE ARMED FORCES OF THE UNITED STATES WHERE THEY CAN HAVE SOCIAL, EDUCATIONAL AND COMMUNITY SERVICES PROVIDED FOR THEIR INDIVIDUAL WELL...

PROVIDE A PHYSICAL FACILITY FOR VETERANS OF ALL BRANCHES OF THE ARMED FORCES OF THE UNITED STATES WHERE THEY CAN HAVE SOCIAL, EDUCATIONAL AND COMMUNITY SERVICES PROVIDED FOR THEIR INDIVIDUAL WELL BEING. THIS INCLUDES THE OBSERVANCE, CELEBRATION AND REMEMBERANCE OF NATIONAL HOLIDAYS INCLUDING MEMORIAL DAY, VETERANS DAY AND INDEPENDENCE DAY.

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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 $9,899

Program Service Revenue $0

Investment Income $123

Other Revenue $110,661

TOTAL REVENUE $120,683

Expense Breakdown

Grants Paid $11,225

Salaries & Benefits $41,681

Fundraising Expenses $0

Other Expenses $101,220

TOTAL EXPENSES $154,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,683	$174,670	-0.3%
Expenses	$154,126	$171,302	-0.1%
Net Income	$-33,443	$3,368	-10.9%

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

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
PAUL CIPOLINI	PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHELLE CHRISTMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
RICHARD KLINE	TREASURER	20.00	Officer Director	$0	$0	$0
GEORGE BROOKS	VICE PRESIDENT	5.00	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	No data	No data	No data	No data
2023	$120,683	$154,126	$435,425	$-33,443
2022	$174,670	$171,302	$468,868	$3,368
2021	$164,550	$127,551	$465,500	$36,999
2020	$92,146	$70,721	$428,501	$21,425

ROYERSFORD VETERANS HOME ASSOCIATION