LATROBE 515 VETERANS HOME ASSOCIATION (EIN 251806903) - 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

1997

Legal Domicile

Phone

7245376061

Tax Period

2023-01-01 to 2023-12-31

LATROBE 515 VETERANS HOME ASSOCIATION, founded in 1997, is a small nonprofit that reported $147K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

PROMOTE PATRIOTISM AND LOYALTY TO THE UNITED STATES BY BENEFITTING A WAR VETERANS ORGANIZATION

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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 $625

Program Service Revenue $1,208

Investment Income $0

Other Revenue $144,881

TOTAL REVENUE $146,714

Expense Breakdown

Grants Paid $39,510

Salaries & Benefits $88,979

Fundraising Expenses $0

Program Expenses $124,277

Other Expenses $24,044

TOTAL EXPENSES $152,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,714	$117,633	+0.2%
Expenses	$152,533	$119,881	+0.3%
Net Income	$-5,819	$-2,248	+1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD KOZAR	Treasurer	6.00	Officer Director	$0	$0	$0
EARL PENROSE	President	5.00	Officer Director	$0	$0	$0
THOMAS HORWAT	Secretary	3.00	Officer Director	$0	$0	$0
WILLIAM WECTENHISER	Vice President	1.00	Officer Director	$0	$0	$0
RALPH PATTERSON	Director	1.00	Director	$0	$0	$0
HOWARD AUSTRAW	Director	1.00	Director	$0	$0	$0
PATRICIA SULLIVAN	Director	1.00	Director	$0	$0	$0
BRUCE CAMPBELL	Director	1.00	Director	$0	$0	$0
JOHN GOLDBERG	Director	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	No data	No data	No data	No data
2023	$146,714	$152,533	$15,057	$-5,819
2022	$117,633	$119,881	$19,870	$-2,248
2021	$107,472	$92,988	$25,108	$14,484
2020	$62,467	$63,436	$10,230	$-969
2019	$163,814	$167,219	$14,127	$-3,405
2018	$146,671	$147,160	$19,529	$-489

LATROBE 515 VETERANS HOME ASSOCIATION