Racine Area Veterans Inc (EIN 391979802) - 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

Principal Officer

William May

Tax Period

2023-07-01 to 2024-06-30

Racine Area Veterans Inc is a micro nonprofit in the Arts, Culture & Humanities sector that reported $81K in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 61% operating margin.

Mission

RAVI maintains a museum of military history, represent & support past & present military personnel & promotes cultural & educational activities & events for the benefit of veterans, their families, & the community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $38,429

Program Service Revenue $0

Investment Income $38

Other Revenue $42,913

TOTAL REVENUE $81,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,982

Other Expenses $31,982

TOTAL EXPENSES $31,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,380	$38,561	+1.1%
Expenses	$31,982	$39,786	-0.2%
Net Income	$49,398	$-1,225	-41.3%

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

N/A

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 May	President	12.00	Director	$0	$0	$0
Theodore Ramos	Director	1.00	Director	$0	$0	$0
Tom Friedel	Vice President	6.00	Director	$0	$0	$0
Tom Banner	Secretary	3.00	Director	$0	$0	$0
Peter Schulz	Director	2.00	Director	$0	$0	$0
John Rybar	Director	2.00	Director	$0	$0	$0
Kyle Musurlian	Director	3.00	Director	$0	$0	$0
Robert Jorgenson	Director	2.00	Director	$0	$0	$0
John Salvo	Director	3.00	Director	$0	$0	$0
Jim becker	Director	3.00	Director	$0	$0	$0
Steve Anderson	Director	2.00	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	No data	No data	No data	No data
2024	$81,380	$31,982	$624,111	$49,398
2023	$38,561	$39,786	$589,226	$-1,225
2022	$48,774	$35,572	$601,060	$13,202
2020	$28,134	$25,903	$502,677	$2,231
2018	$104,268	$135,972	$605,631	$-31,704

Racine Area Veterans Inc