MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENUERIAL ACTIVITY INC

EIN: 830873500 501(c)(3)

WATERVLIET, NY

Total Revenue
$531,759
Total Expenses
$549,545
Total Assets
$293,613
Net Assets
$263,283
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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
2018
Legal Domicile
NY
Principal Officer
KATHERINE CARUSO
Phone
5183265522
Tax Period
2024-05-01 to 2025-04-30

MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENUERIAL ACTIVITY INC, founded in 2018, is a small nonprofit that reported $532K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE ENTREPRENEURIAL TRAINING, COUNSELING AND NETWORK CONNECTIONS TO VETERANS, TRANSITIONING SERVICE MEMBERS AND THEIR SPOUSES. THE ORGANIZATION LEVERAGES EMERGING TECHNOLOGIES TO HARNESS AND STRENGHTEN THE VETERAN BUSINESS ECOSYSTEM PROVIDING SERVICES BOTH VIRTUALLY AND IN-PERSON.

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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 $519,003
Program Service Revenue $12,449
Investment Income $0
Other Revenue $307
TOTAL REVENUE $531,759

Expense Breakdown

Grants Paid $0
Salaries & Benefits $332,533
Fundraising Expenses $9,935
Program Expenses $438,775
Other Expenses $217,012
TOTAL EXPENSES $549,545

Year-over-Year Comparison

2024 2023 Change
Revenue $531,759 $540,556 0.0%
Expenses $549,545 $528,515 +0.0%
Net Income $-17,786 $12,041 -2.5%
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
11
Independent Members
11
Employees
6
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
11
$121,227
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA MANN PRESIDENT 0.00
Officer Director
$0 $0 $0
CARIE SALA TREASURER 0.00
Officer Director
$0 $0 $0
ERICA CHOI SECRETARY 0.00
Officer Director
$0 $0 $0
KHAMEL ABDULAI BOARD MEMBER 0.00
Director
$0 $0 $0
AUDRA HIGGINS BOARD MEMBER 0.00
Director
$0 $0 $0
DENISE SHERMAN BOARD MEMBER 0.00
Director
$0 $0 $0
TIM WILLIAMS BOARD MEMBER 0.00
Director
$0 $0 $0
WILLIAM SMITH BOARD MEMBER 0.00
Director
$0 $0 $0
KATHERINE CARUSO EXECUTIVE DIRECTOR 40.00
Director
$121,227 $0 $121,227
MARIO COMETTI VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
KAREN WOLFF BOARD MEMBER 0.00
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 $531,759 $549,545 $293,613 $-17,786
2024 $540,556 $528,515 $310,957 $12,041
2023 $429,314 $379,068 $284,003 $50,246
2022 $419,134 $386,955 $236,253 $32,179
2021 $403,692 $236,074 $201,142 $167,618
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