AMVETS NATIONAL SERVICE FOUNDATION

EIN: 520970963 501(c)(3) Public & Societal Benefit

ROCKVILLE, MD

Total Revenue
$18,233,533
Total Expenses
$16,026,404
Total Assets
$37,697,711
Net Assets
$24,422,963
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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
1948
Legal Domicile
DC
Principal Officer
JOSEPH R CHENELLY
Phone
3014596181
Tax Period
2023-09-01 to 2024-08-31

AMVETS NATIONAL SERVICE FOUNDATION, founded in 1948, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $18.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $16.0M left a modest 12% surplus.

Mission

AMVETS NATIONAL SERVICE FOUNDATION PROVIDES SUPPORT TO VETERANS THROUGH SERVICE PROGRAMS AS WELL AS PROVIDING COMMUNITY AND YOUTH-ORIENTED PROGRAMS DESIGNED TO PROMOTE UNITY AND PATRIOTISM. IT COUNSELS AND REPRESENTS VETERANS AND THEIR DEPENDENTS BEFORE THE VETERANS ADMINISTRATION AT NO CHARGE TO THE VETERAN OR THEIR DEPENDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,740,813
Program Service Revenue $0
Investment Income $483,449
Other Revenue $9,271
TOTAL REVENUE $18,233,533

Expense Breakdown

Grants Paid $869,087
Salaries & Benefits $8,313,929
Fundraising Expenses $30,162
Program Expenses $13,697,289
Other Expenses $6,843,388
TOTAL EXPENSES $16,026,404

Year-over-Year Comparison

2023 2022 Change
Revenue $18,233,533 $16,780,262 +0.1%
Expenses $16,026,404 $19,374,889 -0.2%
Net Income $2,207,129 $-2,594,627 -1.9%
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
8
Independent Members
8
Employees
445
Volunteers
855

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
6
$504,838
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD CHAPMAN PRESIDENT 0.10
Officer Director
$0 $0 $0
GREG HEUN TREASURER 0.10
Officer Director
$0 $0 $0
DR CHARLES KISSEL SECRETARY 0.10
Officer Director
$0 $0 $0
JP BROWN III BOARD MEMBER 0.10
Director
$0 $0 $0
DON OLIVER BOARD MEMBER 0.10
Director
$0 $0 $0
REGE RILEY BOARD MEMBER 0.10
Director
$0 $0 $0
RICHARD VANNATTA BOARD MEMBER 0.10
Director
$0 $0 $0
HORACE JOHNSON BOARD MEMBER 0.10
Director
$0 $0 $0
AGHA HUSSAIN FINANCE DIRECTOR 40.00
Officer
$147,175 $40,132 $187,307
SYBRENA BULLOCK CHIEF OPERATING OFFICER 40.00
Officer
$118,588 $16,053 $134,641
JOSEPH CHENELLY EXECUTIVE DIRECTOR 20.00
Officer
$0 $40,833 $182,890
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 $18,233,533 $16,026,404 $37,697,711 $2,207,129
2023 $16,780,262 $19,374,889 $33,180,791 $-2,594,627
2022 $18,919,602 $18,800,858 $25,521,721 $118,744
2021 $19,126,894 $16,542,153 $29,048,509 $2,584,741
2020 $15,051,337 $16,319,955 $23,585,453 $-1,268,618
2019 $18,470,112 $18,620,016 $22,626,814 $-149,904
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