FRIENDS OF VETERANS 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

1994

Legal Domicile

Principal Officer

JERRY KLEIN

Phone

5612520902

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF VETERANS INC, founded in 1994, is a micro nonprofit in the Health Care sector that reported $81K in total revenue in fiscal year 2025. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $76K left a modest 6% surplus.

Mission

T0 PROVIDE SUPPORT SERVICES TO VETERANS AND THEIR FAMILIES AS WELL AS AN ORGANIZING THE MEMORIAL SERVICE AT THE NATIONAL CEMETERY. THE ORGANIZATION ALSO FINANCIAL SUPPORT TO SEVERAL LOCAL VETERAN GROUPS.

Program Service Accomplishments

Program 1

Expenses: $76,150 Revenue: $81,000

STATEMENT 2 FORM 990 PART 111 LINE 1 BRIEFLY DESCRIBE THE ORGANIZATION MISSION DESCRIPTION THE ORGANIZATION PRIMARY EXEMPT PURPOSE IS TO ASSIST DISABLED AND NEEDY AMERICAN WAR VETERANS THEIR...

STATEMENT 2 FORM 990 PART 111 LINE 1 BRIEFLY DESCRIBE THE ORGANIZATION MISSION DESCRIPTION THE ORGANIZATION PRIMARY EXEMPT PURPOSE IS TO ASSIST DISABLED AND NEEDY AMERICAN WAR VETERANS THEIR DEPENDENTS WIDOWS AND CHILDREN OF DECEASED VETERANS. TO SERVE AS FUDRASING AGENT FOR THE PALM BEACH CHAPTER 25 VIETNAM VETERANS OF AMERICAN INC. AND LOCAL VETERANS RESCOURCE SERVICE ORGANIZATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $81,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,000

Fundraising Expenses $0

Program Expenses $76,150

Other Expenses $12,008

TOTAL EXPENSES $76,150

Year-over-Year Comparison

	2025	2024	Change
Revenue	$81,000	$138,103	-0.4%
Expenses	$76,150	$120,129	-0.4%
Net Income	$4,850	$17,974	-0.7%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY KLEIN	SOLITATION AND DISTRIBUTION	004.00	Director	$0	$0	$0
MAXWELL NELSON	DIRECTOR	008.00	Director	$0	$0	$0
CHARLOT REBILLARD	SECRETARY	004.00	Director	$0	$0	$0
JOY KLEIN	DIRECTOR	004.00	Director	$0	$0	$0
KEN SOUL	DIRECTOR	004.00	Director	$0	$0	$0
AARON AUGUSTUS	TREASURER	008.00	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
2025	$81,000	$76,150	No data	$4,850
2025	$81,000	$76,150	No data	$4,850
2024	$138,103	$120,129	$261,914	$17,974
2023	$207,601	$118,430	$258,101	$89,171