SALEM Y VETERANS HOUSING

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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

2020

Legal Domicile

Principal Officer

ANDREW HOLBERT

Phone

5033038847

Tax Period

2023-01-01 to 2023-12-31

SALEM Y VETERANS HOUSING, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 95% operating margin.

Mission

SALEM Y VETERANS HOUSING SERVES MILITARY VETERANS IN OUR COMMUNITY BY ASSISTING THEM IN LOCATING AND OBTAINING AFFORDABLE HOUSING, COLLABORATING WITH OTHER PERSONS AND ENTITIES IN ESTABLISHING MORE AFFORDABLE HOUSING AVAILABLE TO MILITARY VETERANS, AND ADVOCATING FOR GOVERNMENT PROGRAMS AND LEGISLATION RELATED TO AFFORDABLE VETERANS HOUSING. IN ADDITION, THE SALEM Y VETERANS HOUSING WILL BE COORDINATING HUMAN SERVICES WITH OTHER LOCAL NONPROFIT AND GOVERNMENT AGENCIES TO SUPPORT THE VETERANS IN NEED OF SUCH SERVICES WHO LIVE IN THE APARTMENT COMPLEX.

Program Service Accomplishments

Program 1

Expenses: $149,490

IN 2023, THE ORGANIZATION CONTINUED CONSTRUCTION ON THE PLANNED AFFORDABLE HOUSING PROJECT SERVING VETERANS IN SALEM, OREGON. AT THE END OF THE YEAR, CONSTRUCTION WAS APPROXIMATELY 99% COMPLETE...

IN 2023, THE ORGANIZATION CONTINUED CONSTRUCTION ON THE PLANNED AFFORDABLE HOUSING PROJECT SERVING VETERANS IN SALEM, OREGON. AT THE END OF THE YEAR, CONSTRUCTION WAS APPROXIMATELY 99% COMPLETE, PENDING ONLY ONE DELAYED ELECTRICAL COMPONENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,465,790

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,465,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,283

Fundraising Expenses $2,910

Program Expenses $149,490

Other Expenses $167,451

TOTAL EXPENSES $201,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,465,790	$3,392,197	+0.3%
Expenses	$201,734	$370,783	-0.5%
Net Income	$4,264,056	$3,021,414	+0.4%

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

$31,309

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
ROSA MACIAS	DIRECTOR	1.00	Director	$0	$0	$0
SARA WEBB	DIRECTOR	1.00	Director	$0	$0	$0
JIM SPARKMAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON VAN METER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY ODEGAARD	SECRETARY	1.00	Officer Director	$0	$0	$0
AJ KLAUSEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHUCK ADAMS	EXECUTIVE DIRECTOR (UNTIL AUG 2023)	20.00	Officer	$0	$0	$0
ANDREW HOLBERT	EXECUTIVE DIRECTOR (BEG SEPT 2023)	40.00	Officer	$0	$872	$31,309

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	No data	No data	No data	No data
2023	$4,465,790	$201,734	$7,382,902	$4,264,056
2022	$3,392,197	$370,783	$3,084,622	$3,021,414
2021	$409,657	$361,550	$63,208	$48,107
2020	$339,280	$324,179	$15,101	$15,101