VETERAN TICKETS FOUNDATION

EIN: 262291955 501(c)(3) Public & Societal Benefit

TEMPE, AZ

Total Revenue
$298,643,996
Total Expenses
$293,755,451
Total Assets
$12,300,580
Net Assets
$12,298,154
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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
2008
Legal Domicile
AZ
Principal Officer
MICHAEL FOCARETO 111
Phone
6024216769
Tax Period
2024-01-01 to 2024-12-31

VETERAN TICKETS FOUNDATION, founded in 2008, is a major nonprofit in the Public & Societal Benefit sector that reported $298.6M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO GIVE BACK TO THOSE INDIVIDUALS THAT HAVE SERVED THE UNITED STATES OF AMERICA. wE SERVE THE COMMNITY OF ACTIVE DUTY, RETIRED AND HONOARBLE DISCHARGED VETERANS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $276,626,257
Program Service Revenue $22,017,739
Investment Income $0
Other Revenue $0
TOTAL REVENUE $298,643,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,981,853
Fundraising Expenses $990,888
Program Expenses $291,845,638
Other Expenses $288,773,598
TOTAL EXPENSES $293,755,451

Year-over-Year Comparison

2024 2023 Change
Revenue $298,643,996 $228,709,698 +0.3%
Expenses $293,755,451 $228,063,150 +0.3%
Net Income $4,888,545 $646,548 +6.6%
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

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Governance

Voting Members
9
Independent Members
9
Employees
29
Volunteers
6

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
3
$994,000
Total Directors
9
$1,041,357
Key Employees
3
$994,000
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CEO MICHAEL A FOCARETO 111 CEO/CFO 40.00
Officer Director Key Emp Highest
$330,000 $0 $330,000
COO EDWARD RAUSCH CHAIRMAN & COO 40.00
Officer Director Key Emp Highest
$332,000 $0 $332,000
CTO FLOYD HOGAN 111 CTO 40.00
Officer Director Key Emp Highest
$332,000 $0 $332,000
ACCOUNTING CYNTHIA CREED TREASURER/SECRETARY 10.00
Director
$47,357 $0 $47,357
CHRIS BLINDHEIM DIRECTOR 0.00
Director
$0 $0 $0
DWAYNE SOMERS DIRECTOR 0.00
Director
$0 $0 $0
ROGER A GRAD DIRECTOR 0.00
Director
$0 $0 $0
TRAVIS LEACH DIRECTOR 0.00
Director
$0 $0 $0
JESSICA BERRY DIRECTOR 0.00
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 $298,643,996 $293,755,451 $12,300,580 $4,888,545
2023 $228,709,698 $228,063,150 $7,445,214 $646,548
2022 $171,576,223 $168,227,690 $6,785,734 $3,348,533
2021 $70,156,514 $66,879,455 $3,473,043 $3,277,059
2020 $21,996,284 $23,556,468 $666,761 $-1,560,184
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