MARTIN COUNTY VETERANS MEMORIAL

EIN: 823471876 501(c)(3) Education

FAIRMONT, MN

Total Revenue
$43,239
Total Expenses
$49,769
Total Assets
$435,290
Net Assets
$435,290
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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
MN
Principal Officer
TERRY ANDERSON
Phone
5072301532
Tax Period
2024-01-01 to 2024-12-31

MARTIN COUNTY VETERANS MEMORIAL, founded in 2017, is a micro nonprofit in the Education sector that reported $43K in total revenue in fiscal year 2024. Expenses of $50K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO HONOR VETERANS OF MARTIN COUNTY

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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 (2024)

Revenue Breakdown

Contributions & Grants $25,498
Program Service Revenue $15,622
Investment Income $2,119
Other Revenue $0
TOTAL REVENUE $43,239

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $47,638
Other Expenses $49,769
TOTAL EXPENSES $49,769

Year-over-Year Comparison

2024 2023 Change
Revenue $43,239 $40,264 +0.1%
Expenses $49,769 $47,327 +0.1%
Net Income $-6,530 $-7,063 -0.1%
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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY ANDERSON PRESIDENT N/A
Officer Director
$0 $0 $0
VERLUS BURKHART TREASURER N/A
Officer Director
$0 $0 $0
TERRI LARSEN SECRETARY N/A
Officer Director
$0 $0 $0
CHUCK MADAY VICE PRESIDE 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
2024 $43,239 $49,769 $435,290 $-6,530
2023 $40,264 $47,327 $441,820 $-7,063
2022 $45,734 $30,906 $448,883 $14,828
2021 $62,078 $32,938 $434,055 $29,140
2020 $98,685 $28,575 $404,915 $70,110
2019 $133,249 $10,601 $334,805 $122,648
2018 $221,262 $9,105 $212,157 $212,157
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