VETERANS UNITED FOUNDATION (EIN 453630533) - 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

2011

Legal Domicile

Principal Officer

ERIK MORSE

Phone

5738762600

Tax Period

2023-01-01 to 2023-12-31

VETERANS UNITED FOUNDATION, founded in 2011, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.5M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $11.4M exceeded revenue, resulting in a 52% operating deficit.

Mission

VETERANS UNITED FOUNDATION IS DEDICATED TO MAKING A MEANINGFUL DIFFERENCE IN THE LIVES OF VETERANS AND SERVICE MEMBERS, FOR EMPLOYEES AND THEIR FAMILIES, AND IN LOCAL COMMUNITIES SERVED BY VETERANS UNITED.

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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 $7,337,376

Program Service Revenue $0

Investment Income $138,319

Other Revenue $10,851

TOTAL REVENUE $7,486,546

Expense Breakdown

Grants Paid $10,543,766

Salaries & Benefits $45,758

Fundraising Expenses $0

Program Expenses $10,543,766

Other Expenses $811,300

TOTAL EXPENSES $11,400,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,486,546	$10,604,307	-0.3%
Expenses	$11,400,824	$17,537,860	-0.3%
Net Income	$-3,914,278	$-6,933,553	-0.4%

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

1257

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
ERIK MORSE	PRESIDENT	2.00	Officer Director	$0	$0	$0
EMILY WULFF	TREASURER	0.50	Officer Director	$0	$0	$0
LACEY BURRELL	SECRETARY	0.50	Officer Director	$0	$0	$0
NATE JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVE MUNNS	BOARD MEMBER	0.50	Director	$0	$0	$0
LORELI WILSON	BOARD MEMBER	0.50	Director	$0	$0	$0
BROCK COOPER	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,486,546	$11,400,824	$38,072,782	$-3,914,278
2022	$10,604,307	$17,537,860	$39,387,904	$-6,933,553
2021	$30,165,811	$29,531,157	$54,107,159	$634,654
2020	$26,448,708	$13,602,948	$49,858,294	$12,845,760
2019	$11,296,048	$7,486,250	$31,185,620	$3,809,798
2018	$10,576,502	$5,381,978	$22,972,452	$5,194,524

VETERANS UNITED FOUNDATION