SOUTH SHORE VETERANS ASSISTANCE INC (EIN 821379548) - Form 990 Financial Analysis & Trantor Score

🔒

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

Phone

5089307639

Tax Period

2024-01-01 to 2024-12-31

SOUTH SHORE VETERANS ASSISTANCE INC, founded in 2017, is a micro nonprofit in the Public & Societal Benefit sector that reported $562 in total revenue in fiscal year 2024. Revenue fell 104% from the prior year — a significant decline worth monitoring.

Mission

TO HOLD VARIOUS FUNCTIONS AND EVENTS FOR THE SOLE PURPOSE OF RAISING FUNDS TO ASSIST VETERANS WITH HOUSING, EDUCATIONAL, MEDICAL AND GENERAL WELFARE NEEDS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $746

Other Revenue $-1,308

TOTAL REVENUE $-562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,974

Other Expenses $8,974

TOTAL EXPENSES $8,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-562	$15,647	-1.0%
Expenses	$8,974	$11,690	-0.2%
Net Income	$-9,536	$3,957	-3.4%

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

N/A

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
KATHERINE ARVANITUS	SECRETARY	7.00	Officer	$0	$0	$0
N/A	TREASURER	20.00	Officer	$0	$0	$0
DAVID BALKCOM JR	PRESIDENT	7.00	Officer	$0	$0	$0
MATTHEW OLSEN	VICE PRESIDE	7.00	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
2025	No data	No data	No data	No data
2024	$-562	$8,974	$31,331	$-9,536
2023	$15,647	$11,690	$40,867	$3,957
2022	$15,259	$13,082	$36,910	$2,177
2021	$21,248	$6,219	$34,733	$15,029
2020	$5,077	$7,193	$19,704	$-2,116
2019	$16,467	$10,992	$21,820	$5,475
2018	$14,344	$8,971	$16,345	$5,373

SOUTH SHORE VETERANS ASSISTANCE INC