AMVETS (AMERICAN VETERANS) (EIN 530176836) - 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

1947

Legal Domicile

Principal Officer

JOSEPH CHENELLY

Phone

3014599600

Tax Period

2023-09-01 to 2024-08-31

AMVETS (AMERICAN VETERANS), founded in 1947, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 36% operating margin.

Mission

PROVIDE SUPPORT FOR VETS/ MILITARY THAT ENHANCE THE QUALITY OF LIFE FOR CITIZENS/VETS ALIKE.

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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 $1,430,617

Program Service Revenue $626,094

Investment Income $3,186,258

Other Revenue $25,353

TOTAL REVENUE $5,268,322

Expense Breakdown

Grants Paid $62,769

Salaries & Benefits $1,606,489

Fundraising Expenses $0

Other Expenses $1,620,721

TOTAL EXPENSES $3,349,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,268,322	$2,787,801	+0.9%
Expenses	$3,349,979	$3,075,224	+0.1%
Net Income	$1,918,343	$-287,423	-7.7%

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

850

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

$223,946

Total Directors

$132,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CLARK	NATIONAL COMMANDER (FROM 9/23)	2.00	Officer Director	$40,500	$0	$40,500
PAUL SHIPELY	NATIONAL 1ST VICE COMMANDER	2.00	Officer Director	$0	$0	$0
SANDY VORHIES	NATIONAL 2ND VICE COMMANDER	2.00	Officer Director	$0	$0	$0
CHRIS STUDEBAKER	NATIONAL 3RD VICE COMMANDER	2.00	Officer Director	$0	$0	$0
LEE ANN ADAMS	NATIONAL EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
AJ JOHN	NATIONAL EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
FRED BATES	NATIONAL JUDGE ADVOCATE	2.00	Director	$0	$0	$0
KELLY MCFARLAIN	NATIONAL FINANCE OFFICER	2.00	Director	$0	$0	$0
DONALD MCLEAN	NATIONAL COMMANDER (UNTIL 9/23)	2.00	Officer Director	$92,000	$0	$92,000
JOSEPH CHENELLY	EXECUTIVE DIRECTOR	40.00	Officer	$71,029	$20,417	$91,446

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	$5,268,322	$3,349,979	$10,537,964	$1,918,343
2023	$2,787,801	$3,075,224	$8,623,294	$-287,423
2022	$4,023,139	$3,257,672	$8,703,985	$765,467
2021	$3,609,128	$3,290,558	$9,484,148	$318,570
2020	$3,361,157	$3,689,703	$8,620,972	$-328,546
2019	$4,698,088	$4,413,229	$8,625,545	$284,859
2018	$4,437,217	$4,397,328	$8,550,260	$39,889

AMVETS (AMERICAN VETERANS)