Duluth, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Provide happier, healthier lives for veterans living with trauma.
23V Recon Program: 12 week reconditioning program to train military and veterans to live comfortably and successfully in civilian society. The program encompasses positive psychology, fitness...
23V Recon Program: 12 week reconditioning program to train military and veterans to live comfortably and successfully in civilian society. The program encompasses positive psychology, fitness, camaraderie, outdoor wellness and active exposure trigger retraining. In 2024, 23V Recon Groups XV, XVI, and XVII positively impacted the lives of veterans and civilians
Community Engagement: Education for community groups, universities, military units, and employers. Training post-traumatic stress, why its common in military culture and how to create an environment...
Community Engagement: Education for community groups, universities, military units, and employers. Training post-traumatic stress, why its common in military culture and how to create an environment more conducive for veterans. Ruck Life Ruck March: The Duluth Ruck Life held on June 1, 2024 had 306 ruckers. The Twin Cities Ruck Life held on September 7, 2024 had 330 ruckers.
Bladesmithing: Sharp-art therapy program designed to motivate isolated veterans to take part in a weekly team event while creating a piece of usable art. The bladesmithing program is a way for 23V...
Bladesmithing: Sharp-art therapy program designed to motivate isolated veterans to take part in a weekly team event while creating a piece of usable art. The bladesmithing program is a way for 23V Recon Graduates to remain engaged and share their experience in 23V Recon with other veterans who may be in need of our immersive 14-week program.
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 | $461,910 | $485,926 | 0.0% |
| Expenses | $676,217 | $578,953 | +0.2% |
| Net Income | $-214,307 | $-93,027 | +1.3% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare 23RD VETERAN with other nonprofits in Minnesota and across the country.