CORPSVETS INC (EIN 582409883) - 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

1998

Legal Domicile

Principal Officer

Susan Nedvidek

Phone

4044833660

Tax Period

2023-10-01 to 2024-09-30

CORPSVETS INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $376K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 19% operating margin.

Mission

To educate both youth and adults in the art of drum & bugle corps. To become a well-regarded, highly sought-after entertaining unit considered fun to belong to, which educates and supports the pursuit of music performance. To provide support to the drum & bugle corps community at a local and national level.

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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 $351,930

Program Service Revenue $24,139

Investment Income $0

Other Revenue $0

TOTAL REVENUE $376,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,206

Fundraising Expenses $0

Program Expenses $50,061

Other Expenses $198,893

TOTAL EXPENSES $305,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,069	$266,229	+0.4%
Expenses	$305,099	$252,662	+0.2%
Net Income	$70,970	$13,567	+4.2%

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

N/A

Volunteers

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

$20,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russell Thompson	Executive Director	40	Officer	$16,196	$0	$16,196
Nick Doyle	Assistant Director	25	Officer	$4,800	$0	$4,800
Susan Nedvidek	Treasurer	30	Officer	$0	$0	$0
Thomas Svegl	Secretary	10	Officer	$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	$376,069	$305,099	$86,242	$70,970
2023	$266,229	$252,662	$15,272	$13,567
2022	$189,026	$227,064	$1,705	$-38,038
2021	$186,404	$161,085	$39,743	$25,319
2020	$102,901	$70,586	$38,142	$32,315
2019	$318,727	$343,468	$20,143	$-24,741

CORPSVETS INC