PIEDMONT VETERANS ASSISTANCE COUNCIL INC

EIN: 474579690 501(c)(3) Philanthropy & Grantmaking

MOORESVILLE, NC

Total Revenue
$39,175
Total Expenses
$25,036
Total Assets
$58,910
Net Assets
$58,910
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Principal Officer
PETER T MELETIS
Tax Period
2019-01-01 to 2019-12-31

PIEDMONT VETERANS ASSISTANCE COUNCIL INC, founded in 2015, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $39K in total revenue in fiscal year 2019. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 36% operating margin.

Mission

TO PROVIDE ASSISTANCE TO HOMELESS AND STRUGGLING VETERANS AND THEIR FAMILIES IN IREDELL AND SURROUNDING COUNTIES IN THE PIEDMONT OF NORTH CAROLINA. TO SEEK TO ACHIEVE THIS GOAL BY MEETING CRITICAL PHYSICIAL NEEDS OF VETERANS AND THEIR FAMILIES THROUGH PROVISION OF FOOD, CLOTHING AND SHELTER; ASSISTING VETERANS IN ACCESSING BENEFITS AVAILABLE THROUGH THE VETERANS ADMINISTRATION (VA) AND OTHER ORGANIZATIONS; COORDINATING AND/OR PROVIDING TRANSPORTATION AS NEEDED TO THE VA OR OTHER SERVICE PROVIDERS; COORDINATING ACCESS TO SHORT TERM SHELTER AND EEVELOPING LONG TERM SHELTER OPTIONS; AND ASSISTING IN LONG TERM TRANSITION OF VETERANS TO INDEPENDENT MEMBERS OF SOCIETY.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $39,175
Investment Income $0
Other Revenue $0
TOTAL REVENUE $39,175

Expense Breakdown

Grants Paid $22,692
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $25,036
Other Expenses $2,344
TOTAL EXPENSES $25,036

Year-over-Year Comparison

2019 2018 Change
Revenue $39,175 $31,131 +0.3%
Expenses $25,036 $23,874 +0.0%
Net Income $14,139 $7,257 +0.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SPENCER C HARRISON CO-TREASURER N/A
Officer Director
$0 $0 $0
LEON F IJAMES VICE PRESIDE N/A
Officer Director
$0 $0 $0
DAVID L PRESSLY DIRECTOR N/A
Director
$0 $0 $0
JULIE A ZACHOLL SECRETARY/TR N/A
Officer Director
$0 $0 $0
PETER T MELETIS PRESIDENT N/A
Officer
$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
2019 $39,175 $25,036 $58,910 $14,139
2018 $31,131 $23,874 $44,771 $7,257
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