Veterans on the Water (EIN 812790054) - 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

1992

Legal Domicile

Principal Officer

Phil Klenk

Tax Period

2023-01-01 to 2023-12-31

Veterans on the Water, founded in 1992, is a micro nonprofit in the Recreation & Sports sector that reported $40K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 40% operating margin.

Mission

To provide veterans the opportunity to go fishing regardless of impairments.

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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 (2023)

Revenue Breakdown

Contributions & Grants $39,675

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $39,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,667

Other Expenses $23,667

TOTAL EXPENSES $23,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,676	$66,809	-0.4%
Expenses	$23,667	$35,074	-0.3%
Net Income	$16,009	$31,735	-0.5%

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

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
Dennis Froehling	Director	2.00	Director	$0	$0	$0
Josh Anderson	Director	2.00	Director	$0	$0	$0
Kerry Wuetherich	Director	2.00	Director	$0	$0	$0
Paul Gudding	Director	2.00	Director	$0	$0	$0
Mick Almquist	Director	2.00	Director	$0	$0	$0
Stephen Siech	Vice Chairman	2.00	Officer	$0	$0	$0
Phil Klenk	Chairman	2.00	Officer	$0	$0	$0
Jeff Kronback	Treasurer	2.00	Officer	$0	$0	$0
Tim Kube	Secretary	2.00	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	No data	No data	No data	No data
2023	$39,676	$23,667	$31,715	$16,009
2022	$66,809	$35,074	$15,269	$31,735
2021	$31,818	$40,655	$9,221	$-8,837
2020	$13,706	$20,984	$12,322	$-7,278
2019	$32,983	$18,929	$10,985	$14,054
2018	$11,465	$14,351	$2,413	$-2,886
2017	$16,020	$19,972	$1,711	$-3,952
2016	$6,453	$16,097	$834	$-9,644

Veterans on the Water