HOWARD COUNTY VETERANS FOUNDATION INC (EIN 813014160) - 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

ROBERT GILLETTE

Phone

4436681037

Tax Period

2024-01-01 to 2024-12-31

HOWARD COUNTY VETERANS FOUNDATION INC, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 1045% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 86% operating margin.

Mission

HOWARD COUNTY VETERANS FOUNDATIONS MISSION IS TO PROVIDE EDUCATION, AWARENESS AND ADVOCACY FOR THE NEARLY 20,000 VETERANS AND THEIR FAMILIES WHO CALL HOWARD COUNTY, MARYLAND HOME.

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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 $1,790,598

Program Service Revenue $22,676

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,813,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,429

Fundraising Expenses $13,500

Program Expenses $214,981

Other Expenses $210,270

TOTAL EXPENSES $246,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,813,274	$158,405	+10.4%
Expenses	$246,699	$127,183	+0.9%
Net Income	$1,566,575	$31,222	+49.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GILLETTE	PRESIDENT	15.00	Officer Director	$0	$0	$0
JAMIE GILLETTE	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL KIM	TREASURER	10.00	Officer Director	$0	$0	$0
WANDA RIDDLE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
HOWARD MOONEY	DIRECTOR	0.50	Director	$0	$0	$0
COLE SCHNORF	DIRECTOR	5.00	Director	$0	$0	$0
LISA TERRY	DIRECTOR	5.00	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	$1,813,274	$246,699	$1,747,078	$1,566,575

HOWARD COUNTY VETERANS FOUNDATION INC