PORT CHARLOTTE, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE WILLIAM R. GAINES JR. VETERAN MEMORIAL FUND (THE FUND)WAS ESTABLISHED TO HONOR THE SACRIFICE OF WILLIAM R. GAINES JR. AS WELL AS OTHER VETERANS AND FIRST RESPONDERS. WILLAIM R. GAINES, JR., MADE THE ULTIMATE SACRIFICE FOR HIS COUNTRY. HE WAS KILLED IN THE ATTACK ON THE AMERICAN MARINE BARRACKS IN BEIRUT, LEBANON ON OCTOBER 23, 1983.IN MARCH 2023,THE FUND ALSO ENTERED INTO AN AGREEMENT WITH THE CHARLOTTE COMMUNITY FOUNDATION (CCF) TO HELP MANAGE THE FUNDRASING RELATED TO THE TOWER. UNDER THIS AGREEMENT, THE FUND TRANSFERRED CERTAIN OF ITS ASSETS TO THE CCF. THE JOINT VENTURE WAS INTENDED TO HELP THE FUND AND THE CCF TO WORK TOGETHER TO RECEIVE DONATIONS FOR THE TOWER AS WELL AS PAY VENDORS INVOLVED WITH THE TOWER'S CONSTRUCTION. THE OBJECTIVE WAS TO BUILD STRONGER COMMUNITY RELATIONS IN CHARLOTTE COUNTY. DUE TO CHANGES IN THE MANAGEMENT OF THE CCF, THE CCF TERMINATED THE AGREEMENT IN EARLY 2024. IN MARCH OF 2024, THEY RETURNED ALL FUNDS HELD BY THEM TO THE FUND, INCLUDING INTEREST.
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)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare WILLIAM R GAINES JR VETERAN MEMORIAL FUND INC with other nonprofits in Florida and across the country.