FRIENDS OF DELAWARE VETERANS INC

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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

Principal Officer

DAVE SKOCIK

Phone

3022573117

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF DELAWARE VETERANS INC, founded in 2013, is a small nonprofit in the Human Services sector that reported $167K in total revenue in fiscal year 2025. The organization ran a surplus of $69K, a strong 42% operating margin.

Mission

THIS CORPORATION'S PURPOSE IS TO RAISE PUBLIC AWARENESS AND ADVOCATE FOR THE DELAWARE VETERAN'S TRUST FUND AND TO SOLICIT AND RECEIVE GRANTS AND DONATIONS ON BEHALF OF THE DELAWARE COMMISSION OF VETERANS AFFAIRS. THESE FUNDS ARE THEN FORWARDED TO SUPPORT THE DELAWARE VETERANS COMMISSIONS ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $94,481

THIS CORPORATION'S PURPOSE IS TO RAISE PUBLIC AWARENESS AND ADVOCATE FOR THE DELAWARE VETERAN'S TRUST FUND AND TO SOLICIT AND RECEIVE GRANTS AND DONATIONS ON BEHALF OF THE DELAWARE COMMISSION OF...

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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 (2025)

Revenue Breakdown

Contributions & Grants $138,292

Program Service Revenue $0

Investment Income $43,121

Other Revenue $-14,699

TOTAL REVENUE $166,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,481

Other Expenses $97,226

TOTAL EXPENSES $97,226

Year-over-Year Comparison

	2025	2024	Change
Revenue	$166,714	N/A	N/A
Expenses	$97,226	N/A	N/A
Net Income	$69,488	N/A	N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY BOURDEAU	BOARD MEMBER	N/A	Officer	$0	$0	$0
AARON BRIGHT	BOARD MEMBER	N/A	Officer	$0	$0	$0
PAUL DAVIS	VICE PRESIDE	N/A	Officer	$0	$0	$0
ED HAGGERTY	BOARD MEMBER	N/A	Officer	$0	$0	$0
DOUG HUDSON	BOARD MEMBER	N/A	Officer	$0	$0	$0
HONORABLE WILLIAM WITHAM JR	BOARD MEMBER	N/A	Officer	$0	$0	$0
HANK MCCANN	BOARD MEMBER	N/A	Officer	$0	$0	$0
DAVE SKOCIK	PRESIDENT	N/A	Officer	$0	$0	$0
FRANK VAVALA	BOARD MEMBER	N/A	Officer	$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	$166,714	$97,226	$592,446	$69,488