IRON RANGE VETERANS MEMORIAL (EIN 411923951) - 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

2002

Legal Domicile

Phone

2187504910

Tax Period

2024-01-01 to 2024-12-31

IRON RANGE VETERANS MEMORIAL, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $4K exceeded revenue, resulting in a 106% operating deficit.

Mission

HONOR VETERANS AND THEIR SERVICE TO OUR COUNTRY BY DESIGNING,CONSTRUCTING, AND MAINTAINING A SCULPTURE AND SURROUNDING PUBLIC DISPLAY AREA

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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 $2,045

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,736

Other Expenses $4,206

TOTAL EXPENSES $4,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,045	$4,895	-0.6%
Expenses	$4,206	$4,430	-0.1%
Net Income	$-2,161	$465	-5.6%

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

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
TOM BERRIGAN	CHAIR	5.00	Officer Director	$0	$0	$0
DENNIS LUSTIG	MEMBER	2.00	Director	$0	$0	$0
GARY PERNU	TREASURER	5.00	Officer Director	$0	$0	$0
JIM PERNU	Pavers	2.00	Director	$0	$0	$0
JIM WILSON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLENE LUOMA	Secretary	5.00	Officer Director	$0	$0	$0
RICHARD OBIDOWSKI	Grounds	2.00	Director	$0	$0	$0
DENNIS PERNU	Pavers	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
2024	$2,045	$4,206	$1,272,055	$-2,161
2023	$4,895	$4,430	$1,274,216	$465
2022	$11,816	$3,343	$1,273,751	$8,473
2021	$946	$3,307	$1,265,278	$-2,361
2020	$2,082	$3,838	$1,267,639	$-1,756
2019	$992	$4,521	$1,269,395	$-3,529
2018	$1,794	$14,070	$1,272,924	$-12,276

IRON RANGE VETERANS MEMORIAL