VETERANS INDEPENDENCE FOUNDATION

EIN: 831670836 501(c)(3)

RAINIER, WA

Total Revenue
$23,037
Total Expenses
$33,930
Total Assets
$741
Net Assets
$-11,696
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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
WA
Principal Officer
NEIL BLITSTEIN
Phone
3605281449
Tax Period
2020-01-01 to 2020-12-31

VETERANS INDEPENDENCE FOUNDATION, founded in 2018, is a micro nonprofit that reported $23K in total revenue in fiscal year 2020. Revenue surged 656% from the prior year, signaling strong growth momentum. Expenses of $34K exceeded revenue, resulting in a 47% operating deficit.

Mission

HELPING VERTERANS WITH SHORT TERM FINANCIAL NEEDS

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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 $23,037
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $23,037

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $8,120
Program Expenses $19,991
Other Expenses $33,930
TOTAL EXPENSES $33,930

Year-over-Year Comparison

2020 2019 Change
Revenue $23,037 $3,047 +6.6%
Expenses $33,930 $1,688 +19.1%
Net Income $-10,893 $1,359 -9.0%
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
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEIL BLITSTEIN President 40.00
Director
$0 $0 $0
LISA BLITSTEIN Executive Dir. 0.00
Director
$0 $0 $0
JOSEPH MATHIS Executive Dir. 40.00
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
2020 $23,037 $33,930 $741 $-10,893
2019 $3,047 $1,688 $6,622 $1,359
2018 No data $2,162 No data No data
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