ALPHA OMEGA VETERANS SERVICES INC

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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

1987

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $2,152,320 Revenue: $239,041

THE ORGANIZATION PROVIDES HOMELESS VA CENTERS AND HUD PERMANENT SUPPORTIVE HOUSING TO DISABLED AND DISPLACED VETERANS.

Program 2

Expenses: $145,397 Revenue: $36,894

THE URBAN FARM AND GARDEN PROJECT MAINTAINS AND HARVESTS FRUITS, VEGETABLES AND HERBS FOR VETERANS SERVED BY ALPHA OMEGA AS WELL AS OTHER CONSUMERS, SUCH AS FOOD HUB OPERATORS.

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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 $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

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

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

$127,775

Total Directors

Key Employees

Highest Compensated

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