THE VETERANS' PLACE INC (EIN 261458295) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

LUCAS HERRING

Phone

8024858874

Tax Period

2024-01-01 to 2024-12-31

THE VETERANS' PLACE INC, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $548K in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOMELESS VETERANS HOUSING, SERVICES, SUPPORT AND SAFETY BY GIVING THEM A HAND UP AND A CHANCE OUT OF HOMELESSNESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $210,563

Program Service Revenue $317,619

Investment Income $-3,695

Other Revenue $23,022

TOTAL REVENUE $547,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $329,467

Fundraising Expenses $30,449

Program Expenses $526,029

Other Expenses $270,914

TOTAL EXPENSES $600,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$547,509	$559,425	0.0%
Expenses	$600,381	$641,614	-0.1%
Net Income	$-52,872	$-82,189	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

110

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

$71,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BOYCE	PROG/ADMIN M	40.00	Officer	$71,135	$0	$71,135
CHRISTINA RENEE KEELAN COTTRELL	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS HERRING	PRESIDENT	5.00	Officer Director	$0	$0	$0
PAUL MADER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MCMANUS	DIRECTOR	1.00	Director	$0	$0	$0
MARY PAGE	SECRETARY	5.00	Officer Director	$0	$0	$0
JACK PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON ROSS	DIRECTOR	1.00	Director	$0	$0	$0
CANDI SMITH	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
RICHARD THEKEN	TREASURER	5.00	Officer Director	$0	$0	$0
BONNIE JP ALLEN	MANAGING DIR	40.00	Officer	$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	$547,509	$600,381	$773,335	$-52,872
2023	$559,425	$641,614	$792,263	$-82,189
2022	$616,556	$682,821	$877,205	$-66,265
2021	$545,952	$521,631	$962,330	$24,321
2020	$410,216	$517,405	$968,635	$-107,189
2019	$408,242	$524,605	$1,025,034	$-116,363
2018	$599,109	$550,441	$1,123,762	$48,668

THE VETERANS' PLACE INC