FLAG WAVERS HOPE

EIN: 822685402 501(c)(3)

GRASSTON, MN

Total Revenue
$203,193
Total Expenses
$186,038
Total Assets
$27,594
Net Assets
$27,594
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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
2019
Legal Domicile
MN
Principal Officer
JEROME TAUER
Phone
3203900630
Tax Period
2020-01-01 to 2020-12-31

FLAG WAVERS HOPE, founded in 2019, is a small nonprofit that reported $203K in total revenue in fiscal year 2020. Expenses of $186K left a modest 8% surplus.

Mission

FLAG WAVERS HOPE PROVIDES HELP TO VETERANS THAT STRUGGLE WITH SUBSTANCE ABUSE BY ENSURING THEY RECEIVE THE HELP THEY NEED

Program Service Accomplishments

Program 1
Expenses: $10,110

CASH ASSISTANCE TO INDIVIDUAL STRUGGLING VETERANS (3)

Program 2
Expenses: $20,836

CASH GRANTS TO VARIOUS CHARITIES PROVIDING SUPPORT FOR VETERANS

Program 3
Expenses: $11,835

SUPPORT OF GOVERNMENTAL PROGRAMS THAT PROVIDE ASSISTANCE TO VETERANS

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $203,193
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $203,193

Expense Breakdown

Grants Paid $30,316
Salaries & Benefits $114,084
Fundraising Expenses $114,907
Program Expenses $53,072
Other Expenses $41,638
TOTAL EXPENSES $186,038

Year-over-Year Comparison

2020 2019 Change
Revenue $203,193 N/A N/A
Expenses $186,038 N/A N/A
Net Income $17,155 N/A N/A
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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Governance

Voting Members
3
Independent Members
2
Employees
1
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
3
$107,009
Total Directors
3
$107,009
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEROME TAUER PRESIDENT 40.00
Officer Director
$107,009 $0 $107,009
STEVE HARDY TREASURER N/A
Officer Director
$0 $0 $0
JOE ZIEGLER SECRETARY N/A
Officer 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
2020 $203,193 $186,038 $27,594 $17,155
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