VETERANS INCORPORATED (EIN 450224560) - 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

1949

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

VETERANS INCORPORATED, founded in 1949, is a small nonprofit that reported $398K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $341K left a modest 14% surplus.

Mission

VETERANS SERVICE ORGANIZATION

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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 $1,464

Program Service Revenue $3,671

Investment Income $0

Other Revenue $392,813

TOTAL REVENUE $397,948

Expense Breakdown

Grants Paid $91,750

Salaries & Benefits $153,666

Fundraising Expenses $0

Program Expenses $341,484

Other Expenses $96,068

TOTAL EXPENSES $341,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,948	$364,355	+0.1%
Expenses	$341,484	$287,520	+0.2%
Net Income	$56,464	$76,835	-0.3%

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	Role	Reportable Comp	Other Comp	Total
JAN AAMUNDSTAD	DIRECTOR	Officer	$0	$0	$0
CARTER SCHULTZ	DIRECTOR	Officer	$0	$0	$0
SAM WAGNER	DIRECTOR	Officer	$0	$0	$0
KRAIG BITTNER	SEC-TREASURER	Officer	$0	$0	$0
ALLEN HUBER	DIRECTOR	Officer	$0	$0	$0
TERRI NICKLAY	DIRECTOR	Officer	$0	$0	$0
CRAIG SCHULTZ	PRESIDENT	Officer	$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	$397,948	$341,484	$326,766	$56,464
2023	$364,355	$287,520	$269,742	$76,835
2022	$238,446	$247,196	$192,936	$-8,750
2021	$275,815	$189,385	$211,545	$86,430
2020	$145,298	$159,636	$117,827	$-14,338

VETERANS INCORPORATED