IBIS FRIENDS OF VETERANS CHARITABLE ORGANIZATION INC (EIN 454973574) - 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

2012

Legal Domicile

Principal Officer

HARVEY GINGOLD

Phone

5617846827

Tax Period

2024-07-01 to 2025-06-30

IBIS FRIENDS OF VETERANS CHARITABLE ORGANIZATION INC, founded in 2012, is a small nonprofit in the Mental Health sector that reported $368K in total revenue in fiscal year 2024. Expenses of $314K left a modest 15% surplus.

Mission

IBIS FRIENDS OF VETERANS CHARITABLE ORGANIZATION WAS FORMED ON APRIL 9, 2012 AS A NON-PROFIT CORPORATION IN THE STATE OF FLORIDA FOR THE CHARITABLE PURPOSE OF PROVIDING SUPPORT FOR PROGRAMS THAT AID THE MANY HOMELESS VETERANS AT RISK OF HOMELESSNESS LIVING IN THE PALM BEACH COUNTYBY COLLECTING AND SOLICITING DONATIONS.

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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 $211,769

Program Service Revenue $0

Investment Income $956

Other Revenue $154,928

TOTAL REVENUE $367,653

Expense Breakdown

Grants Paid $311,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $311,500

Other Expenses $2,076

TOTAL EXPENSES $313,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,653	$361,506	+0.0%
Expenses	$313,576	$331,822	-0.1%
Net Income	$54,077	$29,684	+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

N/A

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
HARVEY GINGOLD	President	Officer Director	$0	$0	$0
JEFFREY SPERBER	Vice President	Officer Director	$0	$0	$0
ARTHUR STEINBERG	Treasurer	Officer Director	$0	$0	$0
MARC VOLUCK	Director	Director	$0	$0	$0
BERNICE GLAZER	Director	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	$367,653	$313,576	$393,161	$54,077
2024	$361,506	$331,822	$367,084	$29,684
2023	$280,109	$287,962	$305,120	$-7,853
2022	$211,556	$212,579	$237,755	$-1,023
2021	$194,133	$182,400	$28,778	$11,733
2019	$199,022	$192,361	$24,566	$6,661

IBIS FRIENDS OF VETERANS CHARITABLE ORGANIZATION INC