THE VETERANS TRUST INC (EIN 464677773) - 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

2014

Principal Officer

LEE HEDIGER

Phone

8882608387

Tax Period

2024-01-01 to 2024-12-31

THE VETERANS TRUST INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $256K in total revenue in fiscal year 2024. Revenue surged 197% from the prior year, signaling strong growth momentum.

Mission

THE VETERANS TRUST HOSTED A MOTORSPORTS EVENT DURING ALL AMERICAN WEEK FOR THE 82ND AIRBORNE CORPS AT FT. LIBERTY, NC 5/19-5/22. DURING THIS EVENT THOUSANDS OF ACTIVE-DUTY SOLDIERS EXPERIENCED RIDE-ALONGS IN RACE AND DRIFT CARS, AND COMPETED IN OUR RACE CAMP RACING SIMULATOR COMPETITIONS. KEY TO SERVICE - THE VETERANS TRUST LED A CITY-WIDE EVENT TO PAY TRIBUTE TO VETERANS AND FIRST RESPONDERS WHO SERVE THE BROWARD COMMUNITY, AND TO INSPIRE OTHERS TO SERVE. THIS WAS DONE BY PLACING TWO MURALS - ONE AT A FIRE STATION ON FT LAUDERDALE BEACH BOULEVARD, AND ONE IN TERMINAL 2 AT THE FORT LAUDERDALE AIRPORT. MURALS WERE PAINTED BY A RENOWNED NAVY VETERAN ARTIST.

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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 $250,730

Program Service Revenue $0

Investment Income $3,642

Other Revenue $1,989

TOTAL REVENUE $256,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,500

Fundraising Expenses $2,500

Program Expenses $262,931

Other Expenses $238,928

TOTAL EXPENSES $273,428

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,361	$86,313	+2.0%
Expenses	$273,428	$87,339	+2.1%
Net Income	$-17,067	$-1,026	+15.6%

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

$25,000

Total Directors

$34,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED ROGER	EXEC DIR,CO-	40.00	Officer Director	$25,000	$0	$25,000
LEE HEDIGER	CHAIRMAN, FO	2.00	Officer Director	$0	$0	$0
STEPHEN KANTARZE	DIRECTOR	2.00	Director	$9,500	$0	$9,500
SCOTT BECK	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN RUBIN	DIRECTOR	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
2024	$256,361	$273,428	$138,968	$-17,067
2022	$149,020	$110,940	$154,914	$38,080
2021	$363,597	$382,790	$116,235	$-19,193

THE VETERANS TRUST INC