VETS CLUB INC

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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

1998

Legal Domicile

Principal Officer

LEROY WEGENAST

Phone

7012528994

Tax Period

2023-01-01 to 2023-12-31

VETS CLUB INC, founded in 1998, is a small nonprofit in the Public & Societal Benefit sector that reported $667K in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $252K, a strong 38% operating margin.

Mission

PROVIDE EATING AND SOCIAL GATHERING PLACE FOR AREA WAR VETERANS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $415,146

PROVIDE DAILY DINING AND BEVERAGE OPTIONS FOR MEMBERS AND PUBLIC. MANY OPPORTUNITIES FOR MEMEBERS TO BE ABLE TO SUPPORT THE MANY MEN AND WOMEN WHO HAVE SERVED OR ARE SERVING IN THE ARMED FORCES.

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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 $33,869

Program Service Revenue $0

Investment Income $1,309

Other Revenue $631,523

TOTAL REVENUE $666,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $305,058

Fundraising Expenses $0

Program Expenses $415,146

Other Expenses $110,088

TOTAL EXPENSES $415,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$666,701	$320,332	+1.1%
Expenses	$415,146	$324,865	+0.3%
Net Income	$251,555	$-4,533	-56.5%

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
MARY BETH FYLLING	VICE PRESIDE	N/A	Officer	$0	$0	$0
CAROL MARTIN	SEC/TREAS	N/A	Officer	$0	$0	$0
LEROY WEGENAST	PRESIDENT	N/A	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
2024	No data	No data	No data	No data
2023	$666,701	$415,146	$695,655	$251,555
2022	$320,332	$324,865	$440,164	$-4,533
2020	$288,462	$204,934	$358,846	$83,528
2019	$207,940	$208,314	$249,046	$-374
2018	$246,650	$208,785	$246,776	$37,865