MASSACHUSETTS VETERANS FOUNDATION INC (EIN 473353587) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Tax Period

2024-06-01 to 2025-05-31

MASSACHUSETTS VETERANS FOUNDATION INC, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $382K in total revenue in fiscal year 2024. Revenue surged 265% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 50% operating margin.

Mission

THE ORGANIZATION STRIVES TO PROMOTE AND SUPPORT MASSACHUSETTS COMMUNITIES, CHARITABLE ORGANIZATIONS, AND INDIVIDUALS IN ACHIEVING THEIR GOALS WITH AN INTEREST IN VETERANS OF FOREIGN WARS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $323,750

Program Service Revenue $0

Investment Income $58,671

Other Revenue $0

TOTAL REVENUE $382,421

Expense Breakdown

Grants Paid $176,194

Salaries & Benefits $0

Fundraising Expenses $3,700

Program Expenses $183,523

Other Expenses $15,860

TOTAL EXPENSES $192,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,421	$104,700	+2.7%
Expenses	$192,054	$126,413	+0.5%
Net Income	$190,367	$-21,713	-9.8%

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

Employees

N/A

Volunteers

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
ANDREW SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
KEITH JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL JOBE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RAYMOND	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY WINN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LOWE	DIRECTOR	1.00	Director	$0	$0	$0
DOUG WOOD	DIRECTOR	1.00	Director	$0	$0	$0
ERNEST CARRUTHERS	TREASURER	5.00	Officer Director	$0	$0	$0
WILLIAM LEBEAU	SECRETARY AND CLERK	5.00	Officer Director	$0	$0	$0
TROY HENKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JODY FREITAS	PRESIDENT	1.00	Officer 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
2025	$382,421	$192,054	$916,732	$190,367
2024	$104,700	$126,413	$709,752	$-21,713
2023	$155,020	$140,717	$674,919	$14,303
2022	$181,294	$22,910	$588,415	$158,384
2021	No data	No data	$430,031	No data
2020	$28,684	$5,778	$430,031	$22,906
2019	$148,924	$36,418	$429,654	$112,506
2018	$156,475	$32,505	$426,988	$123,970

MASSACHUSETTS VETERANS FOUNDATION INC