DETROIT CHAPTER 9 OF VIETNAM VETERANS OF AMERICA INC

EIN: 521389463

DETROIT, MI

Total Revenue
$520,261
Total Expenses
$301,945
Total Assets
$1,161,876
Net Assets
$1,161,876
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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
1981
Legal Domicile
MI
Principal Officer
MARK SPOONER
Phone
3138326500
Tax Period
2025-03-01 to 2026-02-28

DETROIT CHAPTER 9 OF VIETNAM VETERANS OF AMERICA INC, founded in 1981, is a small nonprofit that reported $520K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $218K, a strong 42% operating margin.

Mission

FINANCIAL ASSISTANCE & EDUCATIONAL ASSISTANCE TO VETERANS AND TO CHARITIES WHO SUPPORT VETERANS. ALSO DONATIONS TO OTHER CHARITIES AND THE COMMUNITY AT LARGE.

Program Service Accomplishments

Program 1

FINANCIAL ASSISTANCE & EDUCATIONAL ASSISTANCE TO VETERANS AND TO CHARITIES WHO SUPPORT VETERANS. ALSO DONATIONS TO OTHER CHARITIES AND THE COMMUNITY AT LARGE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $512,234
Program Service Revenue $0
Investment Income $8,027
Other Revenue $0
TOTAL REVENUE $520,261

Expense Breakdown

Grants Paid $124,837
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $177,108
TOTAL EXPENSES $301,945

Year-over-Year Comparison

2025 2024 Change
Revenue $520,261 $454,610 +0.1%
Expenses $301,945 $477,945 -0.4%
Net Income $218,316 $-23,335 -10.4%
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
5
Independent Members
5
Employees
N/A
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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE ADAMS DIRECTOR N/A
Director
$0 $0 $0
BILL CALLAHAN DIRECTOR N/A
Director
$0 $0 $0
BILL LANGFORD DIRECTOR N/A
Director
$0 $0 $0
JOHN LAUVE DIRECTOR N/A
Director
$0 $0 $0
R MIKE SAND DIRECTOR N/A
Director
$0 $0 $0
EUGENE SULLIVAN DIRECTOR N/A
Director
$0 $0 $0
DAVID GURTOWSKY SECRETARY N/A
Officer
$0 $0 $0
JOE MCCLELLAN 2ND VICE PRE N/A
Officer
$0 $0 $0
PAUL PALAZZOLO PRESIDENT N/A
Officer
$0 $0 $0
MARK SPOONER TREASURER N/A
Officer
$0 $0 $0
SIDNEY TAYLOR 1ST VICE PRE 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
2026 $520,261 $301,945 $1,161,876 $218,316
2025 No data No data No data No data
2024 $607,813 $256,895 $888,548 $350,918
2023 $393,558 $577,155 $490,879 $-183,597
2022 $413,162 $414,406 $663,795 $-1,244
2021 $12,480 $152,481 $665,039 $-140,001
2020 $437,341 $504,560 $805,040 $-67,219
2019 $424,461 $159,338 $872,259 $265,123
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