VETSAID INC (EIN 812822654) - 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

2016

Legal Domicile

Principal Officer

JOE WALSH

Phone

7033048407

Tax Period

2024-07-01 to 2025-06-30

VETSAID INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $839K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $144K, a strong 17% operating margin.

Mission

RAISE AWARENESS AND FUNDS TO SUPPORT CREDIBLE VETERANS' NEEDS THAT FOCUS ON THE VITAL ISSUES OF HEALTHCARE, CONTINUING EDUCATION, EMPLOYMENT, HOMELESSNESS, AND HELPING GOLD STAR FAMILIES WHO HAVE LOST LOVED ONES.

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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 $838,103

Program Service Revenue $676

Investment Income $0

Other Revenue $0

TOTAL REVENUE $838,779

Expense Breakdown

Grants Paid $400,000

Salaries & Benefits $60,000

Fundraising Expenses $0

Program Expenses $666,019

Other Expenses $234,755

TOTAL EXPENSES $694,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$838,779	$1,392,766	-0.4%
Expenses	$694,755	$1,596,003	-0.6%
Net Income	$144,024	$-203,237	-1.7%

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

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI B LAFAVE	DIRECTOR AND TREASURER	2.50	Officer Director	$20,000	$0	$20,000
JOE WALSH	DIRECTOR, CHAIRMAN AND PRE	2.00	Officer Director	$0	$0	$0
MARJORIE WALSH	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIAN QUILICI	DIRECTOR AND SECRETARY	2.00	Officer Director	$20,000	$0	$20,000
JACKIE PHILLIPS	DIRECTOR	2.00	Officer Director	$20,000	$0	$20,000

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	$838,779	$694,755	$150,641	$144,024
2024	$1,392,766	$1,596,003	$8,516	$-203,237
2023	$2,275,722	$2,104,348	$212,116	$171,374
2022	$301,338	$294,267	$38,262	$7,071
2021	$363,841	$340,477	$30,594	$23,364
2020	$868,501	$895,061	$6,744	$-26,560
2019	$1,731,883	$1,740,129	$33,244	$-8,246

VETSAID INC