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.
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 |
|---|---|---|---|---|
| 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.