FINAL SALUTE INC (EIN 800660380) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

Jaspen Boothe

Phone

7032248845

Tax Period

2024-01-01 to 2024-12-31

FINAL SALUTE INCORPORATED, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $589K in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $147K, a strong 25% operating margin.

Mission

PROVIDE TRANSITIONAL HOUSING FOR HOMELESS FEMALE VETERANS AND THEIR CHILDERN.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $553,588

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $553,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $376,957

Other Expenses $404,244

TOTAL EXPENSES $404,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$553,588	$377,556	+0.5%
Expenses	$404,244	$363,326	+0.1%
Net Income	$149,344	$14,230	+9.5%

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

300

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
Brian Drummond	Board Chair	10	Officer Director	$0	$0	$0
David Albritton	Director	5	Director	$0	$0	$0
Joceyln Colvin-Donald	Director	5	Director	$0	$0	$0
Michele S Jones	Director	5	Director	$0	$0	$0
Jaspen Boothe	President	40	Officer	$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	$553,588	$404,244	$522,182	$149,344
2023	$377,556	$363,326	$458,128	$14,230
2022	$396,858	$516,607	$457,534	$-119,749
2021	$394,107	$523,467	$623,994	$-129,360
2020	$491,136	$475,337	$777,640	$15,799
2019	$833,450	$608,924	$769,739	$224,526
2018	$589,306	$442,495	$691,692	$146,811

FINAL SALUTE INC