EUCLID VETERANS ASSOCIATION INC (EIN 340928270) - 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

1958

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

EUCLID VETERANS ASSOCIATION INC, founded in 1958, is a micro nonprofit that reported $44K in total revenue in fiscal year 2021. Expenses of $61K exceeded revenue, resulting in a 40% operating deficit.

Mission

MEMBERS MEET TO PLAN EVENTS AND RAISE FUNDS FOR COMMUNITY PROJECTS THAT BENEFIT THOUSANDS WITHIN AND AROUND THE CITY. MEMBERS VISIT THE VA MEDICAL CENTER AND DONATE TIME, MONEY AND SUPPLIES TO DISABLED 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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $4,400

Program Service Revenue $0

Investment Income $39,305

Other Revenue $0

TOTAL REVENUE $43,705

Expense Breakdown

Grants Paid $17,780

Salaries & Benefits $4,915

Fundraising Expenses $0

Program Expenses $60,992

Other Expenses $35,629

TOTAL EXPENSES $60,992

Year-over-Year Comparison

	2021	2020	Change
Revenue	$43,705	N/A	N/A
Expenses	$60,992	N/A	N/A
Net Income	$-17,287	N/A	N/A

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

$4,200

Total Directors

$2,815

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH D QUIRARTE	TREASURER	10.00	Officer Director	$2,100	$0	$2,100
JEFFREY MORRIS	SECRETARY	10.00	Officer	$2,100	$0	$2,100
ALAN BELEVICE	DIRECTOR	2.00	Director	$520	$0	$520
THOMAS FINK	DIRECTOR	2.00	Director	$195	$0	$195
AL NAGY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL TUCCI	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT POUCHER	DIRECTOR	2.00	Director	$0	$0	$0
HERMAN VOLPE	CHAIRMAN	2.00	Director	$0	$0	$0
RALPH BEUCK	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD SMITH	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL LUDWA	PRESIDENT	2.00	Officer Director	$0	$0	$0
LOU KISH	VICE PRESIDENT	5.00	Officer	$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
2021	$43,705	$60,992	$596,133	$-17,287
2020	$26,352	$44,608	$523,951	$-18,256
2019	$36,992	$61,610	$487,199	$-24,618
2018	$55,697	$67,635	$517,656	$-11,938

EUCLID VETERANS ASSOCIATION INC