ALPHA OMEGA VETERANS SERVICES INC

EIN: 581761468 501(c)(3) Health Care

MEMPHIS, TN

Total Revenue
$3,694,899
Total Expenses
$3,027,800
Total Assets
$13,325,231
Net Assets
$10,898,849
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
TN
Principal Officer
ALBERT EDWARDS
Phone
9017265066
Tax Period
2023-01-01 to 2023-12-31

ALPHA OMEGA VETERANS SERVICES INC, founded in 1987, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $667K, a strong 18% operating margin.

Mission

THE ORGANIZATIONS'S MISSION IS TO PROVIDE HOUSING, COUNSELING AND JOB TRAINING FOR HOMELESS AND DISABLED VETERANS WITH A GOAL OF REINTEGRATING THEM WITH FAMILY AND COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,335,238
Program Service Revenue $308,541
Investment Income $-29,400
Other Revenue $80,520
TOTAL REVENUE $3,694,899

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,272,632
Fundraising Expenses $219,909
Program Expenses $2,297,717
Other Expenses $1,755,168
TOTAL EXPENSES $3,027,800

Year-over-Year Comparison

2023 2022 Change
Revenue $3,694,899 $7,083,747 -0.5%
Expenses $3,027,800 $2,451,660 +0.2%
Net Income $667,099 $4,632,087 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
38
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
6
$127,775
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PZ HORTON CHAIRMAN 3.00
Officer Director
$0 $0 $0
CHRIS SNOW VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MARTY REGAN TREASURER 2.00
Officer Director
$0 $0 $0
GENERAL JACK RAMSAUR BOARD MEMBER 1.00
Director
$0 $0 $0
RACHELLE HART BOARD MEMBER 1.00
Director
$0 $0 $0
BILL BRADSHAW BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HUTSON SECRETARY 1.00
Officer Director
$0 $0 $0
ERIC BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
ANGIE GARVEY BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH KYLES BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE ELLIS BOARD MEMBER 1.00
Director
$0 $0 $0
AMY SPEROPOULOS BOARD MEMBER 1.00
Director
$0 $0 $0
KEN MOODY BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GURNEY BOARD MEMBER 1.00
Director
$0 $0 $0
CORDELL WALKER FORMER EXECUTIVE DIRECTOR 40.00
Officer
$105,000 $0 $105,000
ALBERT EDWARDS EXECUTIVE DIRECTOR 40.00
Officer
$22,775 $0 $22,775
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 No data No data No data No data
2023 $3,694,899 $3,027,800 $13,325,231 $667,099
2022 $7,083,747 $2,451,660 $10,826,978 $4,632,087
2021 $4,679,665 $2,363,359 $5,674,310 $2,316,306
2020 $2,547,152 $2,526,761 $3,731,777 $20,391
2019 $2,486,376 $2,470,760 $3,784,859 $15,616
2018 $2,173,283 $2,170,868 $3,900,341 $2,415
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