WELLSBORO VETERANS CLUB INC (EIN 251736675) - 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

1994

Legal Domicile

Principal Officer

CARRIE WOLFERMAN

Phone

5707241977

Tax Period

2023-01-01 to 2023-12-31

WELLSBORO VETERANS CLUB INC, founded in 1994, is a small nonprofit in the Public & Societal Benefit sector that reported $186K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 19% operating margin.

Mission

WELLSBORO SOCIAL CLUB IS A MEMBERS ONLY CLUB THAT OFFERS DRINKS, FOOD, AND ATMOSPHERE FOR DONATING TO ACTIVITIES THAT WILL HELP LOCAL INDIVIDUALS AND LOCAL CHARITIES

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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 $14,190

Program Service Revenue $0

Investment Income $0

Other Revenue $171,623

TOTAL REVENUE $185,813

Expense Breakdown

Grants Paid $4,375

Salaries & Benefits $61,322

Fundraising Expenses $0

Program Expenses $145,731

Other Expenses $85,172

TOTAL EXPENSES $150,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,813	$145,218	+0.3%
Expenses	$150,869	$192,142	-0.2%
Net Income	$34,944	$-46,924	-1.7%

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

626

Independent Members

519

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY CLARK	PRESIDENT	10.00	Officer	$0	$0	$0
RANDY CLEVELAND	VICE PRESIDENT	10.00	Officer	$0	$0	$0
CARRIE WOLFERMAN	TREASURER	10.00	Officer	$0	$0	$0
NANCY RUNYAN	SECRETARY	5.00	Officer	$0	$0	$0
KATY KRINER	TRUSTEE	2.00	Director	$0	$0	$0
BEN PHELPS	TRUSTEE	2.00	Director	$0	$0	$0
BETTY HAASE	TRUSTEE	2.00	Director	$0	$0	$0
CINDY ALEXANDER	TRUSTEE	2.00	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	No data	No data	No data	No data
2023	$185,813	$150,869	$378,258	$34,944
2022	$145,218	$192,142	$366,872	$-46,924
2021	$195,547	$191,463	$426,404	$4,084
2020	$246,062	$263,229	$436,885	$-17,167
2019	$214,659	$253,303	$467,852	$-38,644
2018	$278,525	$288,154	$519,779	$-9,629

WELLSBORO VETERANS CLUB INC