VETERANS EDUCATION TRAINING & SUPPORT INC (EIN 821997192) - 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

2017

Legal Domicile

Principal Officer

Ronald LeBourdais

Phone

6162403014

Tax Period

2024-01-01 to 2024-12-31

VETERANS EDUCATION TRAINING & SUPPORT INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $907K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

Veteran and Community assistance and integration through job training. VETS INC through its Community Recreation Center "The Landing Zone" provides a place for Veterans to work or gather with others for Support and Understanding with the purpose of helping reintegration with the Community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $60,712

Program Service Revenue $822,866

Investment Income $5,415

Other Revenue $18,059

TOTAL REVENUE $907,052

Expense Breakdown

Grants Paid $112,666

Salaries & Benefits $200,970

Fundraising Expenses $0

Program Expenses $886,707

Other Expenses $716,347

TOTAL EXPENSES $1,029,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$907,052	$795,334	+0.1%
Expenses	$1,029,983	$810,155	+0.3%
Net Income	$-122,931	$-14,821	+7.3%

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

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

$123,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald LeBourdais	President	20.00	Officer	$0	$0	$0
Tony Sharkey	VP - General Manager	50.00	Officer	$61,500	$61,500	$123,000
Richard Edmonds	Legal Counsel - Secty- Treasur	10.00	Officer	$0	$0	$0
Ryan Gray	Director	10.00	Director	$0	$0	$0
Kenneth Crawford	Director	10.00	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
2025	No data	No data	No data	No data
2024	$907,052	$1,029,983	$308,792	$-122,931
2023	$795,334	$810,155	$490,532	$-14,821
2022	$754,492	$754,193	$497,535	$299
2021	$725,835	$517,029	$511,887	$208,806
2020	$359,721	$342,131	$460,000	$17,590

VETERANS EDUCATION TRAINING & SUPPORT INC