Vetsports Incorporated

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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

Antoinette Thomas

Tax Period

2022-01-01 to 2022-12-31

Vetsports Incorporated, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $284K in total revenue in fiscal year 2022. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 17% operating margin.

Mission

The primary purpose of VETSports is to improve our veterans physical, mental and emotional health through sports, physical activity and community involvement.

Program Service Accomplishments

Program 1

Expenses: $169,258

VETSports has 26 chapters in the US, and over 10,000 vets participated in activities such as football, golf, hockey, running, softball and volleyball.

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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 (2022)

Revenue Breakdown

Contributions & Grants $283,721

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $283,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $17,256

Program Expenses $169,258

Other Expenses $235,752

TOTAL EXPENSES $235,752

Year-over-Year Comparison

	2022	2021	Change
Revenue	$283,721	$139,141	+1.0%
Expenses	$235,752	$142,673	+0.7%
Net Income	$47,969	$-3,532	-14.6%

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

$26,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Antoinette Thomas	Executive Director	20.00	Officer	$26,450	$0	$26,450
Scott Blackburn	Director	1.00	Director	$0	$0	$0
Dominique Dawes	Director	1.00	Director	$0	$0	$0
Ryan Friedrichs	Director	1.00	Director	$0	$0	$0
Steven VanRoekel	Director	1.00	Director	$0	$0	$0
Dan Liedtke	Director	1.00	Director	$0	$0	$0
Kyle White	Director	1.00	Director	$0	$0	$0
Maria Roat	Director	1.00	Director	$0	$0	$0
Ed Meagher	Director	1.00	Director	$0	$0	$0
Brian Urruela	Vice President	3.00	Officer Director	$0	$0	$0
Randy Tharp	PresidentTreasurer	5.00	Officer 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	No data	No data	No data	No data
2022	$283,721	$235,752	$66,776	$47,969