VETERANS CORNER INC

EIN: 800367720 501(c)(3) Public & Societal Benefit

OKLAHOMA CITY, OK

Total Revenue
$51,863
Total Expenses
$86,794
Total Assets
$1,162,865
Net Assets
$1,162,765
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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
2009
Legal Domicile
OK
Principal Officer
Arthur Sipes
Phone
4058330773
Tax Period
2025-01-01 to 2025-12-31

VETERANS CORNER INC, founded in 2009, is a micro nonprofit in the Public & Societal Benefit sector that reported $52K in total revenue in fiscal year 2025. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $87K exceeded revenue, resulting in a 67% operating deficit.

Mission

To provide a friendly environment to help all Certified Veterans and dependents complete the required documents for VA benefits and to provide financial assistance to the most needy Veterans and their families including assistance with medical expenses, meals, rent and utilities bills.

Program Service Accomplishments

Program 1
Revenue: $46,996

1 Assistance with medical expenses to help Veterans pay for hearing examinations and evaluations by other medical personnel to support the claims for service connected disability. 2 Financial...

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1 Assistance with medical expenses to help Veterans pay for hearing examinations and evaluations by other medical personnel to support the claims for service connected disability. 2 Financial assistance to the most needy Veterans and their families in order to help with food, late utility bills, rent, burial needs and other crisis assistance. 3 Providing a breakfast and lunch every Thursday for disabled veterans while assisting them with navigating through the complicated VA system in order to submit the appropriate documentation to support their claims.

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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 (2025)

Revenue Breakdown

Contributions & Grants $46,996
Program Service Revenue $0
Investment Income $4,867
Other Revenue $0
TOTAL REVENUE $51,863

Expense Breakdown

Grants Paid $2,272
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $84,522
TOTAL EXPENSES $86,794

Year-over-Year Comparison

2025 2024 Change
Revenue $51,863 $119,040 -0.6%
Expenses $86,794 $84,966 +0.0%
Net Income $-34,931 $34,074 -2.0%
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
10
Independent Members
10
Employees
N/A
Volunteers
12

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Arthur Sipes CEO/Chairman 014.00
Officer Director
$0 $0 $0
Jimmie Flowers Vice-Chairman 007.00
Officer Director
$0 $0 $0
Gail Matthews Secretary/Treasurer 007.00
Officer Director
$0 $0 $0
Tom Huchel Sergeant-at-arms 007.00
Officer Director
$0 $0 $0
David Sykes Board member 007.00
Director
$0 $0 $0
Frank Thompson Board member 003.00
Director
$0 $0 $0
Jerry Matthews Board member 003.00
Director
$0 $0 $0
Gary Cole Board member 003.00
Director
$0 $0 $0
Kathy Taliaferro Board member 003.00
Director
$0 $0 $0
Charlie Nelly Board member 003.00
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 $51,863 $86,794 $1,162,865 $-34,931
2024 $119,040 $84,966 $1,200,546 $34,074
2023 $87,417 $85,546 $1,165,442 $1,871
2022 $58,436 $83,689 $1,161,929 $-25,253
2021 $52,501 $75,128 $1,187,880 $-22,627
2020 $79,792 $122,567 $1,210,518 $-42,775
2019 $146,068 $89,984 $1,253,863 $56,084
2018 $110,194 $88,659 $1,206,089 $21,535
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