Guitars For Vets Inc (EIN 510662347) - 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

2008

Legal Domicile

Phone

8554484376

Tax Period

2023-01-01 to 2023-12-31

Guitars For Vets Inc, founded in 2008, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 7% surplus.

Mission

Guitars For Vets, Inc. is dedicated to sharing the healing power of music with veterans suffering from significant post-combat mental and emotional distress, particularly post traumatic stress disorder PTSD

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,067,567

Program Service Revenue $0

Investment Income $10,949

Other Revenue $115,479

TOTAL REVENUE $1,193,995

Expense Breakdown

Grants Paid $120,650

Salaries & Benefits $425,564

Fundraising Expenses $256,995

Program Expenses $749,268

Other Expenses $568,665

TOTAL EXPENSES $1,114,879

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,193,995	$921,334	+0.3%
Expenses	$1,114,879	$835,825	+0.3%
Net Income	$79,116	$85,509	-0.1%

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

Volunteers

1000

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

$159,614

Total Directors

$79,807

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Nettesheim	Vice President/Founder	040.00	Officer Director	$79,807	$0	$79,807
Eric Weinstein	Executive Director	040.00	Officer	$79,807	$0	$79,807
Pete Ruzicka	President	002.00	Officer Director	$0	$0	$0
Bernard Bobber	Secretary	002.00	Officer Director	$0	$0	$0
Ben Kraft	Treasurer	002.00	Officer Director	$0	$0	$0
Stephen Layfield	Board Member	001.00	Director	$0	$0	$0
Beverly Belfer	Board Member	001.00	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	No data	No data	No data	No data
2023	$1,193,995	$1,114,879	$1,595,101	$79,116
2022	$921,334	$835,825	$1,520,244	$85,509
2021	$834,687	$659,499	$1,416,871	$175,188
2020	$923,897	$402,790	$1,211,403	$521,107
2019	$819,354	$530,387	$680,016	$288,967

Guitars For Vets Inc