VETERAN RITES 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

2019

Legal Domicile

Principal Officer

RYAN MIELCAREK

Phone

2062285466

Tax Period

2024-01-01 to 2024-12-31

VETERAN RITES INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $374K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $520K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE MISSION OF VETERANRITES IS TO INITIATE VETERANS INTO TRUE IDENTITY, PURPOSE, AND BELONGING AFTER MILITARY SERVICE.

Program Service Accomplishments

Program 1

Expenses: $439,619

GUIDED PARTICIPANTS SUFFERING FROM POST TRAUMATIC STRESS, SUICIDAL IDEATION, MILITARY SEXUAL TRAUMA, TRAUMATIC BRAIN INJURY, ALCOHOLISM, MORAL INJURY, SURVIVORS GUILT, COMBAT-RELATED DISABILITIES...

GUIDED PARTICIPANTS SUFFERING FROM POST TRAUMATIC STRESS, SUICIDAL IDEATION, MILITARY SEXUAL TRAUMA, TRAUMATIC BRAIN INJURY, ALCOHOLISM, MORAL INJURY, SURVIVORS GUILT, COMBAT-RELATED DISABILITIES, DEPRESSION, ISOLATION, TYPE 1 DIABETES, RACISM, SEXISM, AGEISM, HOMELESSNESS, AND PERMANENT BLINDNESS.

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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 $373,523

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $373,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,288

Fundraising Expenses $28,618

Program Expenses $439,619

Other Expenses $377,256

TOTAL EXPENSES $519,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$373,523	$456,839	-0.2%
Expenses	$519,544	$377,919	+0.4%
Net Income	$-146,021	$78,920	-2.9%

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

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
RYAN MIELCAREK	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
JAMES BAUMGART	MEMBER	N/A	Officer	$0	$0	$0
JOHN CRARY	PRESIDENT	N/A	Officer	$0	$0	$0
JESSICA GORE-MEDOFF	MEMBER	N/A	Officer	$0	$0	$0
SARA HARRIS	MEMBER	N/A	Officer	$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	$373,523	$519,544	$79,718	$-146,021
2023	$456,839	$377,919	$219,099	$78,920
2022	$323,148	$296,019	$136,725	$27,129
2021	$246,876	$234,253	$109,596	$12,623