VETERANS WATCHMAKER INITIATIVE INC

EIN: 452654601 501(c)(3) Education

LITTLE CREEK, DE

Total Revenue
$1,000,307
Total Expenses
$435,648
Total Assets
$2,814,000
Net Assets
$2,814,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
DE
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 ARMED 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.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
3

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
1
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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