VETERANS LIFE CENTER

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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

2010

Legal Domicile

Principal Officer

JOHN TURNER

Phone

9198035516

Tax Period

2023-01-01 to 2023-12-31

VETERANS LIFE CENTER, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Expenses of $2.4M left a modest 5% surplus.

Mission

THE VETERANS LIFE CENTER IS A RESIDENTIAL PROGRAM DESIGNED TO HELP AT-RISK 21ST CENTURY VETERANS. IT IS OUR GOAL TO PROVIDE EACH OF OUR RESIDENTS THE PROSPECT OF A CONSTRUCTIVE AND PERSONALLY SATISFYING ROLE IN CIVIL SOCIETY. BY STRENGTHENING THEIR MENTAL FITNESS AND PHYSICAL HEALTH, IMPROVING LIFE SKILLS AND PROVIDING VOCATIONAL TRAINING, WE WILL GUIDE THEM TO CAREER OPPORTUNITIES AND COMMUNITY REINTEGRATION, AVERTING ALL-TOO FREQUENT CRISES SUCH AS CHRONIC HOMELESSNESS, INCARCERATION, SUICIDE AND PREMATURE DEATH.

Program Service Accomplishments

Program 1

Expenses: $1,483,021

COORDINATED CARE PROGRAM - IN 2023 THE VETERANS LIFE CENTER SERVED OVER 190 VETERANS. SERVED OVER 40,000 WARM MEALS TO 21ST CENTURY VETERANS. WORKED WITH THEM TO INCREASE LIFE SKILLS, FINANCIAL...

COORDINATED CARE PROGRAM - IN 2023 THE VETERANS LIFE CENTER SERVED OVER 190 VETERANS. SERVED OVER 40,000 WARM MEALS TO 21ST CENTURY VETERANS. WORKED WITH THEM TO INCREASE LIFE SKILLS, FINANCIAL LITERACY AND GOAL SETTING. WE TRANSPORTED VETERANS OVER 45,000 MILES. ASSISTED THEM IN SCHEDULING AND ATTENDING MENTAL, BEHAVIORAL AND PHYSICAL HEALTH CARE APPOINTMENTS. SUPPORTED VETERANS WITH TECHNOLOGICAL CAPABILITIES TO SUPPORT OVER 300 TELEHEALTH CALLS.

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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 $2,493,891

Program Service Revenue $0

Investment Income $3,854

Other Revenue $-16,649

TOTAL REVENUE $2,481,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $787,320

Fundraising Expenses $152,281

Program Expenses $1,483,021

Other Expenses $1,527,009

TOTAL EXPENSES $2,364,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,481,096	$2,304,730	+0.1%
Expenses	$2,364,392	$2,039,245	+0.2%
Net Income	$116,704	$265,485	-0.6%

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

$110,234

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRK WARNER	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MIKE MITCHELL	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
DAVID HAYDEN	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRIS JUDY	TREASURER	5.00	Officer Director	$0	$0	$0
MARILYN AVILA	DIRECTOR	5.00	Director	$0	$0	$0
G RUSSELL LAING	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD HAAR	DIRECTOR	5.00	Director	$0	$0	$0
JAMES COLLINS	DIRECTOR	5.00	Director	$0	$0	$0
JIM HARREN	DIRECTOR	5.00	Director	$0	$0	$0
GARRET TRIPP	DIRECTOR	5.00	Director	$0	$0	$0
BRETT WATKINS	DIRECTOR	5.00	Director	$0	$0	$0
JOHN TURNER	EXECUTIVE DIRECTOR/FOUNDER	40.00	Officer	$100,287	$9,947	$110,234

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	$2,481,096	$2,364,392	$2,095,398	$116,704
2022	$2,304,730	$2,039,245	$2,047,716	$265,485
2021	$1,329,274	$1,747,857	$1,727,706	$-418,583
2020	$2,495,347	$1,122,231	$1,898,610	$1,373,116