VETERANS RELIEF NETWORK 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

2011

Legal Domicile

Principal Officer

HELEN IGNAS

Phone

2197987436

Tax Period

2024-01-01 to 2024-12-31

VETERANS RELIEF NETWORK INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

OUR FINANCIAL ASSISTANCE PROGRAM HELPS THOSE HEROES AND THEIR FAMILIES WHEN IT BECOMES DIFFICULT FOR THEM TO COPE WITH EVER INCREASING COSTS BE IT MEDICAL OR SIMPLY DAILY LIVING EXPENSES.

Program Service Accomplishments

Program 1

Expenses: $109,949

THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO U.S MILITARY VETERANS EXPERIENCING DIFFICULT TIMES TO HELP COVER MEDICAL AND DAILY LIVING EXPENSES.

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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 $1,189,601

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,189,601

Expense Breakdown

Grants Paid $50,565

Salaries & Benefits $49,926

Fundraising Expenses $1,061,110

Program Expenses $109,949

Other Expenses $285,647

TOTAL EXPENSES $1,192,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,189,601	$1,301,100	-0.1%
Expenses	$1,192,815	$1,317,737	-0.1%
Net Income	$-3,214	$-16,637	-0.8%

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
HELEN IGNAS	DIRECTOR, PRESIDENT	10.00	Officer Director	$0	$0	$0
JANET COYER	DIRECTOR, SECRETARY	7.00	Officer Director	$0	$0	$0
SUSAN DREXLER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
NIKKI MASSEY	DIRECTOR, CFO	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	$1,189,601	$1,192,815	$89,524	$-3,214
2023	$1,301,100	$1,317,737	$112,940	$-16,637
2022	$1,186,319	$1,186,249	$119,538	$70
2021	$1,268,610	$1,278,369	$123,294	$-9,759
2020	$1,987,370	$1,918,550	$129,212	$68,820
2019	$1,163,679	$1,124,803	$50,097	$38,876
2018	$557,967	$605,862	$27,180	$-47,895