Veterans Club (EIN 450218715) - 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

1991

Legal Domicile

Principal Officer

Jerry Mickelsen

Phone

7013854287

Tax Period

2024-01-01 to 2024-12-31

Veterans Club, founded in 1991, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Expenses of $3.0M left a modest 7% surplus.

Mission

Community Betterment throughout Northwestern North Dakota

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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 $0

Program Service Revenue $0

Investment Income $1,411

Other Revenue $3,217,220

TOTAL REVENUE $3,218,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $524,360

Fundraising Expenses $0

Program Expenses $2,979,168

Other Expenses $2,454,808

TOTAL EXPENSES $2,979,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,218,631	$3,120,990	+0.0%
Expenses	$2,979,168	$3,065,257	0.0%
Net Income	$239,463	$55,733	+3.3%

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

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
Jerry Mickelsen	President	2.00	Officer Director	$0	$0	$0
Duane Dockter	Secretary	1.00	Officer Director	$0	$0	$0
Stan Freeman	Director	1.00	Director	$0	$0	$0
Craig Livingston	Director	1.00	Director	$0	$0	$0
Christopher Golde	Director	1.00	Director	$0	$0	$0
David Sigloh	Director	1.00	Director	$0	$0	$0
Joe Thomas	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
2024	$3,218,631	$2,979,168	$2,358,058	$239,463
2023	$3,120,990	$3,065,257	$1,950,469	$55,733
2022	$2,877,480	$2,757,486	$1,713,526	$119,994
2021	$2,790,806	$2,633,263	$1,486,143	$157,543
2020	$1,737,942	$1,869,996	$1,006,607	$-132,054
2019	$1,314,897	$1,415,748	$713,518	$-100,851
2018	$721,347	$771,326	$589,389	$-49,979

Veterans Club