WILLIAM R GAINES JR VETERAN MEMORI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

MICHAEL A GAINES

Phone

8137856709

Tax Period

2023-01-01 to 2023-12-31

WILLIAM R GAINES JR VETERAN MEMORIAL FUND INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $158K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 58% operating margin.

Mission

THE WILLIAM R. GAINES JR. VETERAN MEMORIAL FUND WAS ESTABLISHED TO HONOR THE SACRIFICE OF WILLIAM R. GAINES JR. AS WELL AS OTHER VETERANS AND FIRST RESPONDERS.

Program Service Accomplishments

Program 1

Expenses: $55,564 Revenue: $173,326

BERUIT MEMORIAL TOWER - CONTINUED TO RECEIVE FUNDS FOR CONSTRUCTION OF THE TOWER AND COMPLETE DESIGN PLANS FOR THE TOWER.

Program 2

Expenses: $2,661 Revenue: $3,507

CONTINUED DEVELOPMENT OF THE ADA COMPLIANT KAYAK LAUNCH PLATFORM. HELD THE FOURTH ANNUAL 5K FREEDOM RUN IN 12/23 TO RAISE FUNDS TO CONSTRUCT THE LAUNCH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $137,682

Program Service Revenue $0

Investment Income $20,791

Other Revenue $0

TOTAL REVENUE $158,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,225

Other Expenses $65,793

TOTAL EXPENSES $65,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,473	$119,475	+0.3%
Expenses	$65,793	$108,276	-0.4%
Net Income	$92,680	$11,199	+7.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A GAINES	Chairman	10.00	Officer Director	$0	$0	$0
THURNELL SHIELDS	Director	0.00	Director	$0	$0	$0
LAURA C DOVE	Director	0.00	Director	$0	$0	$0
KEN WINT	Director	0.00	Director	$0	$0	$0
JEFF MOSHER	Director	2.00	Director	$0	$0	$0
STEPHEN R DEUTSCH	Director	5.00	Director	$0	$0	$0
JON WARMELING	Director	0.00	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	No data	No data	No data	No data
2023	$158,473	$65,793	$785,809	$92,680
2022	$119,475	$108,276	$679,578	$11,199
2021	$268,853	$154,919	$702,272	$113,934
2020	$46,013	$7,068	$591,719	$38,945
2019	$44,827	$14,616	$548,045	$30,211
2018	$257,891	$67,158	$500,120	$190,733

WILLIAM R GAINES JR VETERAN MEMORIAL FUND INC