Wadsworth, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Impacting Veterans Lives Inc dba Midwest Veterans Closet, founded in 2014, is a community nonprofit in the Public & Societal Benefit sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 13% surplus.
Rapid response charity for active and retired military and their families. Drop in center with free clothing, training, food and household items. Everything is free.
Veterans support, clothing, food, household items and assistance in job search activities. In 2024 over 1,200,000 pounds of food were distributed.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,273,595 | $2,994,983 | +0.4% |
| Expenses | $3,722,618 | $2,584,596 | +0.4% |
| Net Income | $550,977 | $410,387 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mary Carmody | President | 57.00 |
Officer
Director
|
$68,829 | $0 | $68,829 |
| Carrie Price | Board member | 60.00 |
Director
|
$40,445 | $0 | $40,445 |
| Terrence Devanie | Board member | 40.00 |
Director
|
$1,200 | $0 | $1,200 |
| Robin Korom | Chair/Secretary | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Larry Bridges | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Leon Rockingham | Board member | 3.00 |
Director
|
$0 | $0 | $0 |
| Andrae Sutherland | Board member | 2.00 |
Director
|
$0 | $0 | $0 |
| Daniel Weitzman | Treasurer | 15.00 |
Officer
Director
|
$0 | $0 | $0 |
| Tom Crichton | Board member | 20.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $4,273,595 | $3,722,618 | $2,286,234 | $550,977 |
| 2023 | $2,994,983 | $2,584,596 | $1,734,457 | $410,387 |
| 2022 | $1,926,928 | $1,676,192 | $1,101,903 | $250,736 |
| 2021 | $630,141 | $541,404 | $868,184 | $88,737 |
| 2020 | $371,946 | $256,830 | $840,468 | $115,116 |
| 2019 | $696,223 | $182,126 | $728,764 | $514,097 |
| 2018 | $220,956 | $162,608 | $193,925 | $58,348 |
Compare Impacting Veterans Lives Inc dba Midwest Veterans Closet with other nonprofits in Illinois and across the country.