VETERANS ENTERPRISE TRAINING & SERVICES GROUP INC (EIN 680594161) - 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

2004

Legal Domicile

Principal Officer

JOE WYNN

Phone

2023650482

Tax Period

2024-01-01 to 2024-12-31

VETERANS ENTERPRISE TRAINING & SERVICES GROUP INC, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $82K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $248K exceeded revenue, resulting in a 204% operating deficit.

Mission

TO PROVIDE A HOLISTIC PROGRAM FOR VETERANS, THEIR FAMILIES AND THE COMMUNITY TO ACHIEVE ECONOMIC EMPOWERMENT THROUGH EDUCATION, EMPLOYMENT, AND ENTREPRENEURSHIP. WE OFFER SMALL BUSINESS, FINANCIAL LITERACY

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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 (2024)

Revenue Breakdown

Contributions & Grants $71,468

Program Service Revenue $10,155

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,979

Fundraising Expenses $18,147

Program Expenses $185,584

Other Expenses $126,811

TOTAL EXPENSES $247,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,623	$550,558	-0.9%
Expenses	$247,790	$820,124	-0.7%
Net Income	$-166,167	$-269,566	-0.4%

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

$67,415

Total Directors

$67,415

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE WYNN	BOARD/CHAIRMAN	40.00	Officer Director	$67,415	$0	$67,415
RONALD WASHINGTON	BOARD/TREASURER	1.00	Officer Director	$0	$0	$0
QUEEN JONES	SECRETARY	1.00	Officer Director	$0	$0	$0
KIM HARWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
RHONDA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY WILLIAMS	BOARD MEMBER	1.00	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	$81,623	$247,790	$32,870	$-166,167
2023	$550,558	$820,124	$163,027	$-269,566
2022	$582,854	$540,350	$435,801	$42,504
2021	$376,037	$409,786	$459,915	$-33,749
2020	$355,476	$332,837	$228,597	$22,639
2019	$269,468	$361,395	$194,481	$-91,927
2018	$448,785	$334,111	$275,318	$114,674

VETERANS ENTERPRISE TRAINING & SERVICES GROUP INC