CORTEZ VETERANS INC

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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

1944

Legal Domicile

Principal Officer

MIKE COLEN

Tax Period

2019-01-01 to 2019-12-31

CORTEZ VETERANS INC, founded in 1944, is a micro nonprofit that reported $60K in total revenue in fiscal year 2019. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $56K left a modest 6% surplus.

Mission

TO PROVIDE ASSISTANCE TO MILITARY VETERANS.

Program Service Accomplishments

Program 1

Expenses: $23,406

DURING 2019 THE CORTEZ VETERANS INC PROVIDED ASSISTANCE AND SUPPORT TO VETERANS IN NEED. SUPPORT INCLUDED FOOD, LODGING, AND THE USE OF FACILITIES TO CONDUCT SIX FUNERALS AND TWO REUNIONS. THE...

DURING 2019 THE CORTEZ VETERANS INC PROVIDED ASSISTANCE AND SUPPORT TO VETERANS IN NEED. SUPPORT INCLUDED FOOD, LODGING, AND THE USE OF FACILITIES TO CONDUCT SIX FUNERALS AND TWO REUNIONS. THE ORGANIZATION ALSO PROVIDED A PLACE FOR THE LOCAL CIVIL AIR PATROL AND THE AMERICAN LEGION TO GATHER AND CONDUCT MONTHLY MEETINGS. TO HONOR VETERANS AND THEIR FAMILIES, THE ORGANIZATION HOSTED A FLAG RETIREMENT CEREMONY AND TWO SEPERATE BREAKFAST EVENTS ON MEMORIAL AND VETERANS DAY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $17,293

Other Revenue $42,688

TOTAL REVENUE $59,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,082

Fundraising Expenses $0

Program Expenses $23,406

Other Expenses $43,258

TOTAL EXPENSES $56,340

Year-over-Year Comparison

	2019	2018	Change
Revenue	$59,981	$47,210	+0.3%
Expenses	$56,340	$52,515	+0.1%
Net Income	$3,641	$-5,305	-1.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY GOODALL	TRUSTEE	10.00	Director	$0	$0	$0
MIKE COLEN	PRESIDENT	20.00	Officer	$0	$0	$0
MARVIN HERMANNS	VICE PRESIDENT	5.00	Officer	$0	$0	$0
SCOTT MAGNESS	TREASURER	20.00	Officer	$0	$0	$0
JIM KASTLE	SECRETARY	3.00	Officer	$0	$0	$0
LORI HIGGINS	BOOKKEEPER	10.00	Key Emp	$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
2019	$59,981	$56,340	$272,489	$3,641