WEST MICHIGAN VETERANS INC

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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

1992

Legal Domicile

Principal Officer

JAMES LEWIS

Phone

2318210810

Tax Period

2024-10-01 to 2025-09-30

WEST MICHIGAN VETERANS INC, founded in 1992, is a micro nonprofit that reported $598 in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $48K exceeded revenue, resulting in a 7992% operating deficit.

Mission

TO ASSIST MILITARY VETERANS AND THEIR FAMILIES IN SECURING VA BENEFITS AND EMERGENT ASSISTANCE. WE ALSO ADMINISTER TWO ENERGY ASSISTANCE PROGRAMS. ONE IS A SETTLEMENT PROGRAM BETWEEN DTE AND THE STATE OF MICHIGAN TO ASSIST SELECT DTE CUSTOMERS IN MAKING THEIR HOMES MORE ENERGY EFFICIENT. THE SECOND PROGRAM ASSISTS LOW INCOME INDIVIDUALS OR FAMILIES THROUGH A FURNACE TEST AND TUNE PROGRAM TO ENSURE THEIR FURNACES ARE IN PROPER WORKING CONDITION INCLUDING FREE INSPECTIONS, TEST AND TUNE, PARTS REPLACEMENT UP TO A COMPLETE FURNACE REPLACEMENT WITH A HIGH EFFICIENCY FURNACE.

Program Service Accomplishments

Program 1

Expenses: $34,342

WE PROVIDE GIFT CARDS DIRECTLY TO THE MUSKEGON COUNTY DEPARTMENT OF VETERANS FOR THE PURCHASE OF FOOD, PERSONAL HYGINE ITEMS, AND GASOLINE.

Program 2

Expenses: $6,576

THROUGH THE DTE ENERGY ASSISTANCE PROGRAM WE ADMINISTER, WE ASSIST DTE CUSTOMERS IN OBTAINING NEW FURNACES, WATER HEATERS, HOME INSULATION, AND OTHER EQUIPMENT/ITEMS TO HELP MAKE THEIR HOMES MORE...

THROUGH THE DTE ENERGY ASSISTANCE PROGRAM WE ADMINISTER, WE ASSIST DTE CUSTOMERS IN OBTAINING NEW FURNACES, WATER HEATERS, HOME INSULATION, AND OTHER EQUIPMENT/ITEMS TO HELP MAKE THEIR HOMES MORE ENERGY EFFICIENT.

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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 $598

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $598

Expense Breakdown

Grants Paid $325

Salaries & Benefits $10,228

Fundraising Expenses $0

Program Expenses $40,918

Other Expenses $37,840

TOTAL EXPENSES $48,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$598	$72,346	-1.0%
Expenses	$48,393	$112,275	-0.6%
Net Income	$-47,795	$-39,929	+0.2%

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

Total Directors

$9,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES LEWIS	PRESIDENT	1.00	Officer	$0	$0	$0
ERNIE ADDICOTT	VICE PRESIDE	1.00	Officer	$0	$0	$0
GARY SMITH	DIRECTOR	1.00	Officer	$0	$0	$0
DAVID ELING	DIRECTOR	1.00	Director	$4,750	$0	$4,750
SHERRY ELING	FINANCIAL DI	1.00	Director	$4,750	$0	$4,750

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	$598	$48,393	No data	$-47,795
2024	$72,346	$112,275	$49,029	$-39,929
2023	$969,016	$922,660	$88,805	$46,356
2022	$850,446	$826,635	$42,022	$23,811
2021	$407,193	$428,908	$18,513	$-21,715
2020	$97,279	$200,002	$40,231	$-102,723
2019	$1,332,184	$1,287,100	$141,995	$45,084