VETERANS TRUST (EIN 815352624) - 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

Jennifer Callahan

Phone

4023913190

Tax Period

2022-01-01 to 2022-12-31

VETERANS TRUST, founded in 2016, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $6 in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $27K exceeded revenue, resulting in a 448533% operating deficit.

Mission

The Organization was created to function as an entity to partner with the Department of Veteran's Affairs, pursuant to the Communities Helping Invest through Property and Improvements Needed for Veteran's Act of 2016 ("CHIP IN for Vets Act" of 2016), to design, construct, and develop a new outpatient facility, research facilities and related facilities contemplated to be commonly used by the Department of Veterans Affairs/Omaha and Western Iowa Veterans Administration, and to renovate existing V. A. facilities to other hospital uses.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $6

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,413

Program Expenses $0

Other Expenses $26,918

TOTAL EXPENSES $26,918

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6	$9	-0.3%
Expenses	$26,918	$121,846	-0.8%
Net Income	$-26,912	$-121,837	-0.8%

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
Susan Morris	President and Director	1	Officer Director	$0	$0	$0
Dr Jeffrey Gold	Director	1.00	Director	$0	$0	$0
Lisa Yanney Roskens	Director	1.00	Director	$0	$0	$0
Jennifer Callahan	Treasurer	0.5	Officer	$0	$0	$0
Michael Pallesen	Secretary	1	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
2022	$6	$26,918	$1,002,934	$-26,912
2021	$9	$121,846	$1,011,639	$-121,837
2020	$3,158,326	$18,113,712	$2,300,786	$-14,955,386
2019	$1,938,847	$470,167	$76,446,674	$1,468,680

VETERANS TRUST