VETERANS CORNER INC (EIN 800367720) - 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

2009

Legal Domicile

Principal Officer

Arthur Sipes

Phone

4058330773

Tax Period

2024-01-01 to 2024-12-31

VETERANS CORNER INC, founded in 2009, is a small nonprofit in the Public & Societal Benefit sector that reported $119K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 29% operating margin.

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.

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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 $113,907

Program Service Revenue $0

Investment Income $5,133

Other Revenue $0

TOTAL REVENUE $119,040

Expense Breakdown

Grants Paid $3,071

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,096

Other Expenses $81,895

TOTAL EXPENSES $84,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,040	$87,417	+0.4%
Expenses	$84,966	$85,546	0.0%
Net Income	$34,074	$1,871	+17.2%

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

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
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

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	$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

VETERANS CORNER INC