VETERAN BUSINESS PROJECT INC

EIN: 465236826 501(c)(3) Public & Societal Benefit

PARK RIDGE, IL

Total Revenue
$118,064
Total Expenses
$411,639
Total Assets
$460,264
Net Assets
$412,789
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IL
Principal Officer
CHARLES LYNN LOWDER
Phone
8003835150
Tax Period
2024-01-01 to 2024-12-31

VETERAN BUSINESS PROJECT INC, founded in 2013, is a small nonprofit in the Public & Societal Benefit sector that reported $118K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $412K exceeded revenue, resulting in a 249% operating deficit.

Mission

VETERAN BUSINESS PROJECT PROMOTES VETERAN SMALL BUSINESS OWNERSHIP OPPORTUNITIES BY GETTING MILITARY, VETERANS, AND SPOUSES INTO BUSINESS. WE EDUCATE ACTIVE DUTY MILITARY, VETERANS, BUSINESS OWNERS, FINANCIAL INSTITUTIONS, PUBLIC AND PRIVATE SECTORS, THE GENERAL PUBLIC, AND LEGISLATORS ON THE NECESSITY FOR PRO-VETERAN SMALL BUSINESS OWNERSHIP AND ACCOMPANYING, REALISTIC FEDERAL AND STATE BUSINESS LENDING PROGRAMS. VETERAN BUSINESS PROJECT THEN CONNECTS THESE GROUPS TO FACILITATE VETERANS' SMALL BUSINESS OWNERSHIP.

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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 $123,657
Program Service Revenue $0
Investment Income $0
Other Revenue $-5,593
TOTAL REVENUE $118,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,317
Fundraising Expenses $32,235
Program Expenses $296,357
Other Expenses $176,322
TOTAL EXPENSES $411,639

Year-over-Year Comparison

2024 2023 Change
Revenue $118,064 $995,323 -0.9%
Expenses $411,639 $298,280 +0.4%
Net Income $-293,575 $697,043 -1.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
8

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
3
$145,000
Total Directors
5
$72,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALE EISENBERG CHAIRMAN 40.00
Officer Director
$72,500 $0 $72,500
FRED PARISH TREASURER 0.50
Officer Director
$0 $0 $0
STEPHANIE BROWN BOARD MEMBER 0.50
Director
$0 $0 $0
DR HOPE GOLDBERG BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE CKLAMOVSKI BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES LYNN LOWDER CEO 40.00
Officer
$72,500 $0 $72,500
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 $118,064 $411,639 $460,264 $-293,575
2023 $995,323 $298,280 $718,749 $697,043
2022 $21,282 $274,970 $17,321 $-253,688
2021 $353,105 $91,082 $263,009 $262,023
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