VETERANS WATCHMAKER INITIATIVE 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

2013

Legal Domicile

Principal Officer

SAM CANNAN

Phone

3023787088

Tax Period

2024-07-01 to 2025-06-30

VETERANS WATCHMAKER INITIATIVE INC, founded in 2013, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $565K, a strong 56% operating margin.

Mission

THE FOCUS OF THE VETERANS WATCHMAKER INITIATIVE IS TO PROVIDE UNITED STATES AREMED FORCES VETERANS, ESPECIALLY DISABLED VETERANS, WITH THE SKILL SET OF WATCH REPAIR AND A CAREER PATH IN A HIGH-PAYING VOCATION THAT IS IN HIGH DEMAND DUE TO ITS SHORTAGE OF WORKERS.

Program Service Accomplishments

Program 1

Expenses: $422,805 Revenue: $64,354

THE CHARITY PLANS TO IMPLEMENT FREE BASIC AND ADVANCED TRAINING COURSES IN THE FIELD OF WATCH-MAKING TO VETERANS, A SKILL IN HIGH DEMAND DUE TO THE SHORTAGE OF QUALIFIED JOB APPLICANTS, AS CITED IN TRADE PUBLICATIONS. UPON COMPLETION, THE INDIVIDUAL WILL BE ELIGIBLE FOR EMPLOYMENT IN THE FIELD OF WATCHMAKING.

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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 $935,831

Program Service Revenue $64,354

Investment Income $122

Other Revenue $0

TOTAL REVENUE $1,000,307

Expense Breakdown

Grants Paid $250

Salaries & Benefits $0

Fundraising Expenses $3,223

Program Expenses $422,805

Other Expenses $435,398

TOTAL EXPENSES $435,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,000,307	$837,857	+0.2%
Expenses	$435,648	$323,395	+0.3%
Net Income	$564,659	$514,462	+0.1%

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
SAMUEL CANNAN	CHAIRMAN OF THE BOARD	50.00	Officer Director	$0	$0	$0
MICHAEL BENAVENTE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE BORELLA	BOARD MEMBER	2.00	Director	$0	$0	$0
LOUIS J CALLAZZO III	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD FRANCHELLA	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT R HOWARD	BOARD MEMBER	2.00	Director	$0	$0	$0
HERB KONOWITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
ROGER SATNICK	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVE SKOCIK	BOARD MEMBER	2.00	Director	$0	$0	$0
XIAO LI TAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MAJOR GENERAL FRANCIS D VAVALA	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL WIPF	BOARD MEMBER	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
2025	$1,000,307	$435,648	$2,814,000	$564,659
2024	$837,857	$323,395	$2,249,341	$514,462
2023	$302,923	$233,004	$1,731,619	$69,919
2022	$207,055	$135,076	$1,660,435	$71,979
2021	$258,604	$118,284	$1,587,356	$140,320
2020	$182,982	$81,720	$1,447,036	$101,262
2019	$1,232,005	$96,044	$1,345,774	$1,135,961
2018	$256,079	$230,630	$209,813	$25,449