AMVETS

EIN: 521305171

Thurmont, MD

Total Revenue
$258,696
Total Expenses
$244,634
Total Assets
$821,840
Net Assets
$821,140
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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
1983
Legal Domicile
MD
Principal Officer
STEVE LAWRENCE
Phone
3012713371
Tax Period
2024-06-01 to 2025-05-31

AMVETS, founded in 1983, is a small nonprofit that reported $259K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $245K left a modest 5% surplus.

Mission

MEMBER ACTIVITIES FOR VETERANS

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,696
Program Service Revenue $3,755
Investment Income $13,849
Other Revenue $238,396
TOTAL REVENUE $258,696

Expense Breakdown

Grants Paid $5,350
Salaries & Benefits $146,102
Fundraising Expenses $0
Program Expenses $0
Other Expenses $93,182
TOTAL EXPENSES $244,634

Year-over-Year Comparison

2024 2023 Change
Revenue $258,696 $278,725 -0.1%
Expenses $244,634 $169,685 +0.4%
Net Income $14,062 $109,040 -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
8
Independent Members
6
Employees
15
Volunteers
N/A

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
$14,930
Total Directors
8
$15,316
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE MAHONEY TREASURER AND SECRETARY 7.00
Officer Director
$14,930 $0 $14,930
BRUCE RICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ED MCKINNON DIRECTOR 4.00
Director
$386 $0 $386
DEWIGHT MONIER DIRECTOR 4.00
Director
$0 $0 $0
DONNIE MCKINNON DIRECTOR 4.00
Director
$0 $0 $0
LES WOOD 1ST VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
STEVE LAWRENCE 2ND VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
BOB DITTERMAN DIRECTOR 4.00
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
2025 $258,696 $244,634 $821,840 $14,062
2024 $278,725 $169,685 $807,778 $109,040
2023 $239,654 $239,836 $698,382 $-182
2022 $274,529 $238,570 $701,723 $35,959
2021 $213,306 $215,415 $665,002 $-2,109
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