ES Veterans Association Inc (EIN 832298124) - 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

2018

Legal Domicile

Principal Officer

William Gelinas President

Phone

4135310604

Tax Period

2024-01-01 to 2024-12-31

ES Veterans Association Inc, founded in 2018, is a small nonprofit in the Public & Societal Benefit sector that reported $348K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $334K left a modest 4% surplus.

Mission

ES Veterans Association's mission is to provide support and recognition to current and retired U.S. military service members and veterans throughout the greater NewEngland region to ensure they are welcomed home and honored for their service and sacrifices.

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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 $375,245

Program Service Revenue $0

Investment Income $5,001

Other Revenue $-32,515

TOTAL REVENUE $347,731

Expense Breakdown

Grants Paid $310,200

Salaries & Benefits $0

Fundraising Expenses $9,884

Program Expenses $312,621

Other Expenses $23,754

TOTAL EXPENSES $333,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,731	$307,550	+0.1%
Expenses	$333,954	$372,035	-0.1%
Net Income	$13,777	$-64,485	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Gelinas	President	2.00	Officer Director	$0	$0	$0
Scott Gervasio	Secretary	2.00	Officer Director	$0	$0	$0
Laurie Allen	Vice President	2.00	Officer Director	$0	$0	$0
Loren Osborne	Treasurer	2.00	Officer Director	$0	$0	$0
Robert S Coates	Director	1.00	Director	$0	$0	$0
Douglas Foley	Director	1.00	Director	$0	$0	$0
Luke Bowley	Vice President	2.00	Officer Director	$0	$0	$0
Claudia Torok	Director	1.00	Director	$0	$0	$0
Mark Baldwin	Director	1.00	Director	$0	$0	$0
Wayne Gagnon	Director	1.00	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
2024	$347,731	$333,954	$96,398	$13,777
2023	$307,550	$372,035	$82,621	$-64,485
2022	$269,258	$296,043	$163,106	$-26,785
2021	$256,655	$222,647	$173,891	$34,008
2020	$256,691	$155,074	$139,883	$101,617

ES Veterans Association Inc