AMVETS POST #5

EIN: 541679363 Public & Societal Benefit

BRISTOL, VA

Total Revenue
$22,693
Total Expenses
$175,848
Total Assets
$158,643
Net Assets
$158,643
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Tax Period
2024-01-01 to 2024-12-31

AMVETS POST #5, founded in 1986, is a micro nonprofit in the Public & Societal Benefit sector that reported $16K in total revenue in fiscal year 2019. Expenses of $26K exceeded revenue, resulting in a 68% operating deficit.

Mission

TO SUPPORT AND ENCOURAGE VETERANS OF US ARMED FORCES THROUGH ACTIVITIES SUCH AS PUBLIC PARADES, CEREMONIES, AND EVENTS ON VETERANS DAY AND MEMORIAL DAY BY DISTRIBUTING CARE PACKAGES TO VA HOSPITALS, FLAG CEREMONIES, ETC

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $22,693
TOTAL REVENUE $22,693

Expense Breakdown

Grants Paid $164,882
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $164,882
Other Expenses $10,966
TOTAL EXPENSES $175,848

Year-over-Year Comparison

2024 2023 Change
Revenue $22,693 $53,907 -0.6%
Expenses $175,848 $78,644 +1.2%
Net Income $-153,155 $-24,737 +5.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAYBERN SPEARS COMMANDER 1.00
Officer
$0 $0 $0
DALE MAIDEN VICE-COMMANDER 1.00
Officer
$0 $0 $0
RICK SHEETS MANAGER 40.00
Key Emp
$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
2024 $22,693 $175,848 $158,643 $-153,155
2023 $53,907 $78,644 $311,798 $-24,737
2022 $40,726 $41,131 $336,535 $-405
2021 $337,488 $63,346 $336,940 $274,142
2019 $15,730 $26,367 $302,382 $-10,637
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