DETROIT CHAPTER 9 OF VIETNAM VETERANS OF AMERICA INC (EIN 521389463) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

MARK SPOONER

Phone

3138326500

Tax Period

2023-03-01 to 2024-02-29

DETROIT CHAPTER 9 OF VIETNAM VETERANS OF AMERICA INC, founded in 1981, is a small nonprofit that reported $608K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $351K, a strong 58% operating margin.

Mission

DETROIT CHAPTER OF VIETNAM VETERANS OF AMERICA, INC. ORGANIZATION PROVIDES COMMUNITY SUPPORT AND FINANCIAL ASSISTANCE TO VETERANS AND OTHER CHARITIES WHO SUPPORT VETERANS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $599,806

Program Service Revenue $0

Investment Income $8,007

Other Revenue $0

TOTAL REVENUE $607,813

Expense Breakdown

Grants Paid $112,400

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $144,495

TOTAL EXPENSES $256,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$607,813	$393,558	+0.5%
Expenses	$256,895	$577,155	-0.6%
Net Income	$350,918	$-183,597	-2.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HITZELBERGER	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM LANGSFORD	DIRECTOR	N/A	Director	$0	$0	$0
JOHN LAUVE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MULLINS	DIRECTOR	N/A	Director	$0	$0	$0
RAYMOND SANDS	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
GARY HANSEN	2ND VICE PRE	N/A	Officer	$0	$0	$0
PAUL PALAZZOLO	PRESIDENT	N/A	Officer	$0	$0	$0
DANIEL REYNOLDS	1ST VICE PRE	N/A	Officer	$0	$0	$0
MARK SPOONER	TREASURER	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
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

DETROIT CHAPTER 9 OF VIETNAM VETERANS OF AMERICA INC