VETERANS HOME ASSOCIATION OF NEW F… - 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

1951

Legal Domicile

Principal Officer

JON GINDLESPERGER

Phone

7242359904

Tax Period

2024-01-01 to 2024-12-31

VETERANS HOME ASSOCIATION OF NEW FLORENCE, founded in 1951, is a small nonprofit that reported $125K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $156K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE VETERANS HOME ASSOCIATION OF NEW FLORENCE PROMOTES FELLOWSHIP FOR VETERANS. IT ALSO SUPPORTS VARIOUS COMMUNITY ACTIVITIES.

Program Service Accomplishments

Program 1

THE VETERANS HOME ASSOCATION OF NEW FLORENCE PROMOTES FELLOWSHIP FOR VETERANS. IT ALSO SUPPORTS VARIOUS COMMUNITY ACTIVITIES.

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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 $30,877

Program Service Revenue $0

Investment Income $1,847

Other Revenue $91,979

TOTAL REVENUE $124,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,334

Fundraising Expenses $0

Other Expenses $86,602

TOTAL EXPENSES $155,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$124,703	$134,971	-0.1%
Expenses	$155,936	$137,832	+0.1%
Net Income	$-31,233	$-2,861	+9.9%

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
JON GINDLESPERGER	PRESIDENT	1.00	Officer	$0	$0	$0
CRYSTAL GINDLESPERGER	VICE PRESIDE	1.00	Officer	$0	$0	$0
ANTONIO RIVERA	TREASURER/SE	1.00	Officer	$0	$0	$0
ADAM BILLS	3 YEAR TRUST	1.00	Director	$0	$0	$0
ROBERT WALLS	2 YEAR TRUST	1.00	Director	$0	$0	$0
BENJAMIN WEST	1 YEAR TRUST	1.00	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	$124,703	$155,936	$322,044	$-31,233
2023	$134,971	$137,832	$353,293	$-2,861
2022	$186,908	$132,212	$354,465	$54,696
2021	$165,955	$104,595	$300,524	$61,360
2020	$34,990	$101,389	$236,071	$-66,399

VETERANS HOME ASSOCIATION OF NEW FLORENCE