Omaha, NE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
The Organization was created to function as an entity to partner with the Department of Veterans 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. The new outpatient facility was completed in 2020. The Organization remains in existence to facilitate any potential future projects with the local Department of Veteran Affairs.
The purpose of the Organization was to partner with the Department of Veterans Affairs to design and construct an ambulatory care facility which was completed in 2020. The Organization continues in...
The purpose of the Organization was to partner with the Department of Veterans Affairs to design and construct an ambulatory care facility which was completed in 2020. The Organization continues in discussions and preliminary planning for potential future projects.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $6 | $9 | -0.3% |
| Expenses | $26,918 | $121,846 | -0.8% |
| Net Income | $-26,912 | $-121,837 | -0.8% |
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
Sign In| 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 |
| 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 |
Compare VETERANS TRUST with other nonprofits in Nebraska and across the country.