Honoring Our Veterans (EIN 263266790) - 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

2008

Legal Domicile

Principal Officer

Dr Richard Sugden

Phone

3074133951

Tax Period

2024-01-01 to 2024-12-31

Honoring Our Veterans, founded in 2008, is a small nonprofit in the Human Services sector that reported $235K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $223K left a modest 5% surplus.

Mission

Honoring Our Veterans' mission is to improve the quality of life for combat wounded veterans by offering them activities that strengthen their physical, cognitive, emotional, and social functioning.

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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 $111,782

Program Service Revenue $0

Investment Income $119,357

Other Revenue $3,955

TOTAL REVENUE $235,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,566

Fundraising Expenses $18,733

Program Expenses $171,507

Other Expenses $138,797

TOTAL EXPENSES $222,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,094	$286,889	-0.2%
Expenses	$222,913	$275,490	-0.2%
Net Income	$12,181	$11,399	+0.1%

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

$50,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Sugden	President	5.00	Officer Director	$0	$0	$0
Thomas J McCann	Vice-President	1.00	Officer Director	$0	$0	$0
Richard Spencer	Treasurer	1.00	Officer Director	$0	$0	$0
Randy Smith	Director	5.00	Director	$0	$0	$0
Sandy Sandberg	Executive Director	40.00	Officer	$50,003	$0	$50,003

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	$235,094	$222,913	$391,060	$12,181
2023	$286,889	$275,490	$380,314	$11,399
2021	$384,640	$154,592	$439,919	$230,048

Honoring Our Veterans