NATIONAL ASSOCIATION OF STATE VETERANS HOMES (EIN 363765741) - 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

1990

Legal Domicile

Principal Officer

DIANE LYNCH

Phone

3076201999

Tax Period

2024-07-01 to 2025-06-30

NATIONAL ASSOCIATION OF STATE VETERANS HOMES, founded in 1990, is a small nonprofit that reported $669K in total revenue in fiscal year 2024. Expenses of $580K left a modest 13% surplus.

Mission

PROVIDE SERVICES TO THE COUNTRY'S VETERANS BY SERVING AS ADVOCATES FOR OVER 40,000 VETERANS AND BY EDUCATING LEGISLATIVE BODIES ABOUT VETERANS BENEFITS AND THEIR NEED. PROVIDE HEALTHCARE EDUCATION AND ATTEMPT TO FIND THE BEST USE OF ALL BENEFITS IN 170 STATE VETERANS HOMES IN ALL 50 STATES AND PUERTO RICO.

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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 $206,032

Program Service Revenue $443,247

Investment Income $19,288

Other Revenue $0

TOTAL REVENUE $668,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,800

Fundraising Expenses $0

Program Expenses $580,238

Other Expenses $554,438

TOTAL EXPENSES $580,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$668,567	$632,671	+0.1%
Expenses	$580,238	$615,089	-0.1%
Net Income	$88,329	$17,582	+4.0%

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

170

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

$27,950

Total Directors

$27,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED HARRIES	PRESIDENT	15.00	Officer Director	$0	$0	$0
DIANE LYNCH	1ST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KELLY ODEGAARD	SECOND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LINDA SMITH	SECRETARY	5.00	Officer Director	$27,950	$0	$27,950
JASON MCARTHUR	TREASURER	10.00	Officer Director	$0	$0	$0
HEYWARD HILLIARD	NOMINATING	1.25	Officer Director	$0	$0	$0
JONATHAN SPIER	EDUCATION	2.50	Officer Director	$0	$0	$0
TERRY WESTHOFF	FINANCE	1.25	Officer Director	$0	$0	$0
MARK BOWMAN	JUDGE ADVOCATE / HISTORIAN	1.25	Officer Director	$0	$0	$0
MELISSA JACKSON	JOINT LIAISON OFFICER	2.50	Officer Director	$0	$0	$0
FRED SGANGA	LEGISLATIVE OFFICER	3.75	Officer Director	$0	$0	$0
ROBYN JENNINGS	QUALITY ENHANCEMENT	1.25	Officer Director	$0	$0	$0
RUSSEL KEOGLER	NETWORKING	2.50	Officer Director	$0	$0	$0
SHARON MURPHY	CONFERENCE	1.25	Officer Director	$0	$0	$0
KIM JUSTICE	CONSTITUTION	2.50	Officer Director	$0	$0	$0
STEVE ROLSTON	REGION 1 REPRESENTATIVE	2.50	Officer Director	$0	$0	$0
SCOTT HURST	REGION 2 REPRESENTATIVE	2.50	Officer Director	$0	$0	$0
SARAH BRESHEARS	REGION 3 REPRESENTATIVE	2.50	Officer Director	$0	$0	$0
MARK HIGH	REGION 4 REPRESENTATIVE	2.50	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
2025	$668,567	$580,238	$998,394	$88,329
2024	$632,671	$615,089	$793,913	$17,582
2023	$481,101	$511,335	$669,928	$-30,234
2022	$321,190	$356,164	$706,912	$-34,974
2021	$187,641	$82,595	$700,386	$105,046

NATIONAL ASSOCIATION OF STATE VETERANS HOMES