AMVETS

EIN: 582673668 Public & Societal Benefit

FRANKLIN, KY

Total Revenue
$6,924
Total Expenses
$167,055
Total Assets
$54,406
Net Assets
$54,682
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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
2007
Legal Domicile
KY
Principal Officer
BRENDA WRIGHT
Phone
2707763823
Tax Period
2021-06-01 to 2022-05-31

AMVETS, founded in 2007, is a micro nonprofit in the Public & Societal Benefit sector that reported $7K in total revenue in fiscal year 2021. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $167K exceeded revenue, resulting in a 2313% operating deficit.

Mission

WORKING TO MEET THE NEEDS OF VETERANS IN A FACILITY AND ASSISTANCE FOR VETERANS AND THEIR FAMILIES AND THROUGH WORKING AND SUPPORTING RELATED VETERAN ORGANIZATIONS

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,448
Investment Income $0
Other Revenue $-2,524
TOTAL REVENUE $6,924

Expense Breakdown

Grants Paid $43,896
Salaries & Benefits $50,085
Fundraising Expenses $0
Program Expenses $158,699
Other Expenses $59,457
TOTAL EXPENSES $167,055

Year-over-Year Comparison

2021 2020 Change
Revenue $6,924 $29,694 -0.8%
Expenses $167,055 $129,526 +0.3%
Net Income $-160,131 $-99,832 +0.6%
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

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Governance

Voting Members
7
Independent Members
7
Employees
1
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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDA WRIGHT PRESIDENT 020.00
Officer Director
$0 $0 $0
ELIZABETH BURRIS 1ST VICE PRES 020.00
Officer Director
$0 $0 $0
AMY BURRIS 2ND VICE PRES 020.00
Officer Director
$0 $0 $0
SUE NEBLETT 3RD VICE PRES 020.00
Officer Director
$0 $0 $0
JULIE GARRIS TREASURER 020.00
Officer Director
$0 $0 $0
TINA NELSON SECRETARY 020.00
Officer Director
$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
2022 $6,924 $167,055 $54,406 $-160,131
2021 $29,694 $129,526 $216,407 $-99,832
2020 $128,336 $107,952 $314,645 $20,384
2019 $183,125 $159,826 $295,270 $23,299
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