INDEPENDENCE FOR VETERANS INC (EIN 834663158) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

STACIA MCDONOUGH

Phone

9084701930

Tax Period

2025-01-01 to 2025-12-31

INDEPENDENCE FOR VETERANS INC, founded in 2018, is a small nonprofit in the Public & Societal Benefit sector that reported $226K in total revenue in fiscal year 2025. Revenue fell 68% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE SUPPORT AND ASSISTANCE TO VETERANS OF THE UNITED STATES ARMED FORCES. THIS SUPPORT SHALL BE IN VARIOUS FORMS, INCLUDING BUT NOT LIMITED TO THE PROVISION OF NEW CLOTHING OTHER NECESSITIES AND DIRECT FINANCIAL ASSISTANCE. THE CORPORATION SHALL ALSO PROMOTE THE NEEDS OF VETERANS AND THEIR SUBSEQUENT CAUSES VIA ANY AND ALL MEDIA, AND DEVELOP, PLAN AND CONDUCT VARIOUS EDUCATIONAL, CULTURAL, SOCIAL, AND/OR RECREATIONAL PROGRAMS FOR VETERANS AND THEIR FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $225,813

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $225,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,265

Fundraising Expenses $14,352

Program Expenses $201,462

Other Expenses $153,680

TOTAL EXPENSES $226,945

Year-over-Year Comparison

	2025	2024	Change
Revenue	$225,813	$696,456	-0.7%
Expenses	$226,945	$723,083	-0.7%
Net Income	$-1,132	$-26,627	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$67,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACIA MCDONOUGH	PRESIDENT	60.00	Director	$67,522	$0	$67,522
DOROTHY DAVIS	SECRETARY	4.00	Director	$0	$0	$0
LOUIS MANZO	TREASURER	4.00	Director	$0	$0	$0
ANTONELLA CELLI	BOARD MEMBER	4.00	Director	$0	$0	$0
ANDREW DAPONTE	BOARD MEMBER	4.00	Director	$0	$0	$0
MICHAEL ARMSTRONG	BOARD MEMBER	4.00	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	$225,813	$226,945	$33,527	$-1,132
2024	$696,456	$723,083	$34,752	$-26,627
2023	$383,925	$422,783	$68,220	$-38,858
2022	$238,779	$226,877	$100,837	$11,902
2021	$188,608	$148,499	$90,804	$40,109

INDEPENDENCE FOR VETERANS INC