FINAL SALUTE INC

EIN: 800660380 501(c)(3) Housing & Shelter

Haymarket, VA

Total Revenue
$553,588
Total Expenses
$404,244
Total Assets
$522,182
Net Assets
$472,286
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Principal Officer
Jaspen Boothe
Phone
7032248845
Tax Period
2024-01-01 to 2024-12-31

FINAL SALUTE INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $554K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 27% operating margin.

Mission

PROVIDE HOMELESS WOMEN VETERANS AND THEIR CHILDREN WITH SAFE AND SUITABLE HOUSING

Program Service Accomplishments

Program 1
Expenses: $280,583 Revenue: $0

H.O.M.E. & S.A.F.E. The H.O.M.E. Program provides transitional housing, on-site case management, food, clothing, transportation, childcare subsidy/assistance, employment support, and other essential...

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H.O.M.E. & S.A.F.E. The H.O.M.E. Program provides transitional housing, on-site case management, food, clothing, transportation, childcare subsidy/assistance, employment support, and other essential support services to homeless women Veterans and their children. In 2024, 1,080 transitional housing days were provided. The organization also supported H.O.M.E. applicants through its S.A.F.E. Program by aiding in prevention of homelessness. The S.A.F.E. Program provides emergency financial support by assisting with past due rent, security deposits and utility assistance. S.A.F.E. also provides valuable indirect resources on saving, budgeting, and living on a fixed income. Throughout 2024, the S.A.F.E. program assisted 40 female veterans and 62 children with emergency financial assistance. An additional 419 women veterans and 444 children were provided financial education and budgeting resources.

Program 2
Expenses: $0 Revenue: $0

The Next Uniform Program provides support for women veterans and military women in transition to the civilian workforce. Final Salute Incorporated provides free of charge Professional Business...

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The Next Uniform Program provides support for women veterans and military women in transition to the civilian workforce. Final Salute Incorporated provides free of charge Professional Business Attire, Dress-Shoes, Accessories, Make-Overs, Image-Consulting, and Professional Headshots. During 2024 the program supported 83 female veterans and military women.

Program 3
Expenses: $96,374 Revenue: $0

Ms. Veteran America is Final Salute Inc.'s largest awareness campaign for its mission, programs, and services. MS Veteran America culminates in the organization's annual flagship event, the Ms...

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Ms. Veteran America is Final Salute Inc.'s largest awareness campaign for its mission, programs, and services. MS Veteran America culminates in the organization's annual flagship event, the Ms. Veteran America competition, where an Ambassador is selected to represent the organization as a community spokesperson and advocate. This event also honors the service and sacrifice of our Nation's women currently in Military Service and Women Veterans. The participants of 2024 collectively raised $50,077.34, gaining 10,709 followers for the cause.

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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 (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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Governance

Voting Members
5
Independent Members
5
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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