LIBERTY BOROUGH VETERANS 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

EDWARD J GASDICK JR

Phone

4126644576

Tax Period

2024-01-01 to 2024-12-31

LIBERTY BOROUGH VETERANS ASSOCIATION, founded in 1946, is a micro nonprofit that reported $1K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 1875% operating deficit.

Mission

THE MISSION OF THE LIBERTY BORO VETERANS ASSOCIATION IS TO SERVE FORMER MEMBERS OF THE UNITED STATES ARMED SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,490

SERVING FORMER MEMBERS OF THE UNITED STATES ARMED SERVICES.

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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 $0

Program Service Revenue $1,161

Investment Income $0

Other Revenue $-123

TOTAL REVENUE $1,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,201

Fundraising Expenses $0

Program Expenses $1,490

Other Expenses $14,299

TOTAL EXPENSES $20,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,038	$36,259	-1.0%
Expenses	$20,500	$34,887	-0.4%
Net Income	$-19,462	$1,372	-15.2%

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

N/A

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
EDWARD J GASDICK	PRESIDENT	001.00	Officer Director	$0	$0	$0
LAUREL BROOKS	SECRETARY	001.00	Officer Director	$0	$0	$0
SEAN SCHIBIK	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
TIFFANY GASDICK	STEWARD	001.00	Officer Director	$0	$0	$0
DOUGLAS HOMA	SOCIAL REPRESENTATIVE	001.00	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	$1,038	$20,500	$79,238	$-19,462
2022	$50,105	$38,403	$23,499	$11,702
2021	$49,099	$54,532	$17,847	$-5,433
2020	$33,059	$39,819	$21,970	$-6,760
2019	$95,492	$81,676	$28,730	$13,816
2018	$52,797	$83,341	$13,396	$-30,544

LIBERTY BOROUGH VETERANS ASSOCIATION