23RD VETERAN

EIN: 473420231 501(c)(3) Public & Societal Benefit

Duluth, MN

Total Revenue
$461,910
Total Expenses
$676,217
Total Assets
$222,344
Net Assets
$-288,508
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MN
Principal Officer
Michael Waldron
Phone
2184602323
Tax Period
2024-01-01 to 2024-12-31

23RD VETERAN, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $462K in total revenue in fiscal year 2024. Expenses of $676K exceeded revenue, resulting in a 46% operating deficit.

Mission

Provide happier, healthier lives for veterans living with trauma.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $430,721
Program Service Revenue $40,942
Investment Income $0
Other Revenue $-9,753
TOTAL REVENUE $461,910

Expense Breakdown

Grants Paid $0
Salaries & Benefits $281,556
Fundraising Expenses $48,747
Program Expenses $525,044
Other Expenses $394,661
TOTAL EXPENSES $676,217

Year-over-Year Comparison

2024 2023 Change
Revenue $461,910 $485,926 0.0%
Expenses $676,217 $578,953 +0.2%
Net Income $-214,307 $-93,027 +1.3%
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

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
11
Volunteers
212

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
3
$85,800
Total Directors
3
$85,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Waldron Executive Director 40
Officer Director
$85,800 $0 $85,800
Nathan Helder Secretary/Chair 10
Officer Director
$0 $0 $0
Bryan Maslowski Treasurer 10
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
2024 $461,910 $676,217 $222,344 $-214,307
2023 $485,926 $578,953 $448,213 $-93,027
2022 $501,166 $660,468 $584,713 $-159,302
2021 $637,440 $541,393 $703,236 $96,047
2020 $240,664 $251,616 $259,956 $-10,952
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare 23RD VETERAN with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.