AMVETS (AMERICAN VETERANS)

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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

2024-09-01 to 2025-08-31

AMVETS (AMERICAN VETERANS), founded in 1947, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

AMVETS IS A VETERANS SERVICE ORGANIZATION WHOSE MEMBERS, HAVING SERVED OR NOW SERVING IN THE U.S. ARMED FORCES, ARE UNITED TO UPHOLD AND DEFEND THE CONSTITUTION OF THE UNITED STATES; TO SAFEGUARD THE PRINCIPLES OF FREEDOM, LIBERTY AND JUSTICE FOR ALL; TO PROMOTE THE CAUSE OF PEACE AND GOODWILL AMONG NATIONS; TO MAINTAIN INVIOLATE THE FREEDOM OF OUR COUNTRY; TO PERPETUATE THE FRIENDS AND ASSOCIATIONS OF THESE VETERANS; AND TO PROVIDE MEMBERS MUTUAL ASSISTANCE.

Program Service Accomplishments

Program 1

HEAL: TO ENSURE VETERANS WITH MEDICAL NEEDS RECEIVE THE HELP THEY HAVE EARNED TO ACCESS THE BEST QUALITY HEALTHCARE, INCLUDING MENTAL HEALTH AND SPECIALIZED SERVICES (TRAUMATIC BRAIN INJURY...

HEAL: TO ENSURE VETERANS WITH MEDICAL NEEDS RECEIVE THE HELP THEY HAVE EARNED TO ACCESS THE BEST QUALITY HEALTHCARE, INCLUDING MENTAL HEALTH AND SPECIALIZED SERVICES (TRAUMATIC BRAIN INJURY, POLYTRAUMA, POST-TRAUMATIC STRESS) AND LIVE LONGER, HEALTHIER LIVES.

Program 2

MEMBERSHIP: PROVIDES SUPPORT SERVICES FOR APPROXIMATELY 1,075 LOCAL POSTS FOR THE BENEFIT OF THE INDIVIDUAL MEMBERS, AND HELPS MAKE PROGRAMS AND SERVICES AVAILABLE TO VETERANS, ACTIVE DUTY AND...

MEMBERSHIP: PROVIDES SUPPORT SERVICES FOR APPROXIMATELY 1,075 LOCAL POSTS FOR THE BENEFIT OF THE INDIVIDUAL MEMBERS, AND HELPS MAKE PROGRAMS AND SERVICES AVAILABLE TO VETERANS, ACTIVE DUTY AND RESERVE ARMED FORCES.

Program 3

CAREER CENTER: PROVIDES FREE-OF-CHARGE CAREER TRAINING AND EMPLOYMENT ASSISTANCE FOR VETERANS AND SERVICE MEMBERS FROM THE ACTIVE, GUARD AND RESERVE, AND THEIR SPOUSES. WE ARE STAFFED BY VOLUNTEERS, WHO WILL REACH OUT TO THE LOCAL COMMUNITY AND COMPANIES BIG AND SMALL TO MATCH JOB-SEEKING VETERANS WITH EMPLOYERS WHO ARE EAGER TO HIRE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,468,943

Program Service Revenue $608,213

Investment Income $312,165

Other Revenue $22,536

TOTAL REVENUE $2,411,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,595,197

Fundraising Expenses $0

Other Expenses $1,409,449

TOTAL EXPENSES $3,064,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,411,857	$5,268,322	-0.5%
Expenses	$3,064,646	$3,349,979	-0.1%
Net Income	$-652,789	$1,918,343	-1.3%

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

725

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

$155,606

Total Directors

$134,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CLARK - IMM PAST	NATIONAL COMMANDER (UNTIL 9/2024)	40.00	Director	$92,500	$0	$92,500
HORACE JOHNSON	NATIONAL COMMANDER (FROM 9/2024)	40.00	Officer Director	$40,000	$1,500	$41,500
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
CHRISTOPHER 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
FREDERICK BATES	NATIONAL JUDGE ADVOCATE	2.00	Director	$0	$0	$0
KELLY MCFARLAIN	NATIONAL FINANCE OFFICER	2.00	Director	$0	$0	$0
JOSEPH CHENELLY	EXECUTIVE DIRECTOR	40.00	Officer	$91,827	$22,279	$114,106

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	$2,411,857	$3,064,646	$10,776,973	$-652,789
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