VETERANS ASSISTANCE FOUNDATION INC (EIN 391798221) - 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

1994

Legal Domicile

Principal Officer

FAYE VEGA

Phone

6083728387

Tax Period

2025-01-01 to 2025-12-31

VETERANS ASSISTANCE FOUNDATION INC, founded in 1994, is a small nonprofit in the Public & Societal Benefit sector that reported $233K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $294K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE VETERANS ASSISTANCE FOUNDATION INC IS A 501(C)(3) NON-PROFIT CORPORATION TO IDENTIFY AND ADDRESS THE ISSUES FACED BY VETERANS AND LOW INCOME PERSONS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS THROUGHOUT OUR COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $47,843

Program Service Revenue $0

Investment Income $14

Other Revenue $185,118

TOTAL REVENUE $232,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,268

Fundraising Expenses $0

Program Expenses $291,144

Other Expenses $189,759

TOTAL EXPENSES $294,027

Year-over-Year Comparison

	2025	2024	Change
Revenue	$232,975	$267,701	-0.1%
Expenses	$294,027	$264,314	+0.1%
Net Income	$-61,052	$3,387	-19.0%

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

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
BOB BANDOLI	DIRECTOR	1.00	Director	$0	$0	$0
DONALD ROACH	DIRECTOR	1.00	Officer Director	$0	$0	$0
FAYE VEGA	SECRETARY/EXEC DIR	40.00	Officer Director	$0	$0	$0
TAMMY MADDEN	VICE CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT VEGA	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SADOWSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILLY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
SALLY LECOMTE	DIRECTOR	1.00	Director	$0	$0	$0
JIM KITCHEN	DIRECTOR	1.00	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	$232,975	$294,027	$926,737	$-61,052
2024	$267,701	$264,314	$1,004,343	$3,387
2023	$272,925	$290,685	$1,036,440	$-17,760
2022	$205,798	$254,406	$1,064,232	$-48,608
2021	$243,640	$289,462	$1,143,416	$-45,822
2020	$190,173	$359,704	$1,239,536	$-169,531
2019	$1,949,392	$2,055,120	$1,444,072	$-105,728
2018	$1,538,423	$1,683,664	$1,772,743	$-145,241

VETERANS ASSISTANCE FOUNDATION INC