VETERANS LEGAL ADVOCACY GROUP PC (EIN 264612967) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

HAROLD HOFFMAN

Phone

8778385242

Tax Period

2023-01-01 to 2023-12-31

VETERANS LEGAL ADVOCACY GROUP PC, founded in 2009, is a community nonprofit in the Crime & Legal sector that reported $1.2M in total revenue in fiscal year 2020. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $202K, a strong 17% operating margin.

Mission

VETERANS LEGAL ADVOCACY GROUP'S MISSION IS TO ENSURE THAT VETERANS AND THEIR FAMILY MEMBERS RECEIVE THE VETERANS AFFAIRS BENEFITS THEY ARE ENTITLED TO BY OFFERING FREE OR REDUCED COST REPRESENTATION IN FRONT OF THE DEPARTMENT OF VETERANS AFFAIRS AND FEDERAL COURTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $63,393

Program Service Revenue $714,249

Investment Income $13,963

Other Revenue $123,386

TOTAL REVENUE $914,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,006,610

Fundraising Expenses $2,575

Program Expenses $1,007,849

Other Expenses $116,584

TOTAL EXPENSES $1,123,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$914,991	$1,047,274	-0.1%
Expenses	$1,123,194	$1,024,340	+0.1%
Net Income	$-208,203	$22,934	-10.1%

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

N/A

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

$126,928

Total Directors

$126,928

Key Employees

$166,425

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD HOFFMAN	EXECUTIVE DIRECTOR	55.00	Officer Director	$100,303	$26,625	$126,928
MICHAEL DILERNIA	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JAMES HARPER	SECRETARY	1.00	Officer Director	$0	$0	$0
TONIO DESORRENTO	TREASURER	1.00	Officer Director	$0	$0	$0
MEGAN HOFFMAN	ATTORNEY	40.00	Key Emp	$166,425	$0	$166,425
THOMAS STRONG	ATTORNEY	55.00	Highest	$125,423	$4,080	$129,503
MAX FARRIS	ATTORNEY	40.00	Highest	$114,423	$1,800	$116,223
JENNIFER HEALY	ATTORNEY	40.00	Highest	$114,423	$0	$114,423

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	$914,991	$1,123,194	$128,939	$-208,203
2022	$1,047,274	$1,024,340	$325,132	$22,934
2021	$807,847	$868,098	$250,165	$-60,251
2020	$1,192,116	$990,429	$226,157	$201,687

VETERANS LEGAL ADVOCACY GROUP PC