VETERANS SERVING VETERANS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

TERESA FRANKLIN

Phone

2314689611

Tax Period

2024-01-01 to 2024-12-31

VETERANS SERVING VETERANS INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $106K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $44K, a strong 42% operating margin.

Mission

VETERANS SERVING VETERANS IS A CADILLAC, MICHIGAN NONPROFIT THAT HONORS AND SERVES THOSE WHO HAVE SERVED AND PROTECTED AT HOME AND ABROAD.

Program Service Accomplishments

Program 1

Expenses: $58,701

ESTABLISHED A FOOD BANK FOR VETERANS. WAS NATIONALLY RECOGNIZED FOR HAVING ACHIEVED "FUNCTIONAL ZERO" FOR VETERAN HOMELESSNESS. PROVIDED RECREATIONAL OPPORTUNITIES FOR DISABLED VETERANS. PROVIDED...

ESTABLISHED A FOOD BANK FOR VETERANS. WAS NATIONALLY RECOGNIZED FOR HAVING ACHIEVED "FUNCTIONAL ZERO" FOR VETERAN HOMELESSNESS. PROVIDED RECREATIONAL OPPORTUNITIES FOR DISABLED VETERANS. PROVIDED VOLUNTEER WORK ENVIRONMENTS FOR VETERANS TO RECONNECT WITH FELLOW VETERANS, GIVING THEM HOPE AND PURPOSE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $79,882

Program Service Revenue $0

Investment Income $16

Other Revenue $26,012

TOTAL REVENUE $105,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,701

Other Expenses $61,709

TOTAL EXPENSES $61,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,910	$125,059	-0.2%
Expenses	$61,709	$62,098	0.0%
Net Income	$44,201	$62,961	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
ROGER BANDEEN	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE BIRDWELL	DIRECTOR	1.00	Director	$0	$0	$0
JASON ELMORE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM EWALD	DIRECTOR	1.00	Director	$0	$0	$0
TERESA FRANKLIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE GRAGE	DIRECTOR	1.00	Director	$0	$0	$0
DEREK OLSEN	DIRECTOR	1.00	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	$105,910	$61,709	$699,702	$44,201
2023	$125,059	$62,098	$655,501	$62,961
2022	$137,041	$52,612	$592,540	$84,429
2021	$135,011	$38,678	$508,111	$96,333
2018	$236,627	$19,158	$347,063	$217,469