VETERANS COUNCIL OF INDIAN RIVER CO (EIN 592970832) - 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

1987

Legal Domicile

Principal Officer

STEPHEN HUME

Phone

7724105820

Tax Period

2023-10-01 to 2024-09-30

VETERANS COUNCIL OF INDIAN RIVER CO, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $461K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $440K left a modest 5% surplus.

Mission

TO PROVIDE CHARITABLE EMERGENCY AID, REFERRAL SERVICES, AND TRANSPORTATION SERVICES TO VETERANS REQUIRING THE USE OF VETERANS HOSPITAL FACILITIES OUTSIDE OF THE IMMEDIATE AREA.

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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 $409,840

Program Service Revenue $0

Investment Income $44

Other Revenue $51,174

TOTAL REVENUE $461,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,082

Fundraising Expenses $53,292

Program Expenses $320,008

Other Expenses $164,847

TOTAL EXPENSES $439,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$461,058	$401,626	+0.1%
Expenses	$439,929	$507,786	-0.1%
Net Income	$21,129	$-106,160	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHAEL FORTUNATO	DIRECTOR	2.00	Director	$0	$0	$0
DR TERRI GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
CARLOS HALCOMB	VICE CHARIMA	2.00	Officer Director	$0	$0	$0
INGRID HERNANDEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
CURTIS HOLDEN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN HOLMES	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN HUME	CHARIMAN	2.00	Officer Director	$0	$0	$0
CLIFF LABBE JR	DIRECTOR	2.00	Director	$0	$0	$0
JEFF PALLESCHI	TREASURER	2.00	Officer Director	$0	$0	$0
CYNTHIA RYAN	EXECUTIVE DI	2.00	Director	$0	$0	$0
TRACEY ZUDANS	DIRECTOR	2.00	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
2024	$461,058	$439,929	$222,378	$21,129
2023	$401,626	$507,786	$201,224	$-106,160
2022	$441,980	$552,803	$308,814	$-110,823
2021	$587,627	$430,845	$417,671	$156,782
2020	$479,695	$484,369	$277,303	$-4,674
2018	$347,546	$324,535	$237,176	$23,011

VETERANS COUNCIL OF INDIAN RIVER CO