TRAIN-A-VET INC (EIN 320436557) - 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

2015

Legal Domicile

Principal Officer

WILLIAM G HEWITT

Phone

7703914070

Tax Period

2020-01-01 to 2020-12-31

TRAIN-A-VET INC, founded in 2015, is a micro nonprofit that reported $64K in total revenue in fiscal year 2020. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $56K left a modest 12% surplus.

Mission

TO PROVIDE TRAINING TO UNITED STATES MILITARY VETERANS IN THE AUTOMOTIVE REPAIR INDUSTRY. IN ADDITION TO TRAINING, THE ORGANIZATION PROVIDES FINANCIAL AND MEDICAL ASSISTANCE DURING THE VETERANS' TRAINING PERIOD.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $61,289

Investment Income $2,400

Other Revenue $0

TOTAL REVENUE $63,689

Expense Breakdown

Grants Paid $38,339

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,031

Other Expenses $17,993

TOTAL EXPENSES $56,332

Year-over-Year Comparison

	2020	2019	Change
Revenue	$63,689	$40,197	+0.6%
Expenses	$56,332	$41,008	+0.4%
Net Income	$7,357	$-811	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM G HEWITT	CHAIRMAN	10	Officer Director	$0	$0	$0
SCOTT GEASON	CFO	1	Director	$0	$0	$0
TAMARA T HEWITT	SECRETARY	5	Officer Director	$0	$0	$0
KATIE	HENDRICKS	10	Officer 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
2020	$63,689	$56,332	$27,718	$7,357

TRAIN-A-VET INC