VET FIRST INC

EIN: 861296136 501(c)(3) Public & Societal Benefit

Virginia Beach, VA

Total Revenue
$89,749
Total Expenses
$47,439
Total Assets
$42,460
Net Assets
$41,641
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
MICHAEL WEATHERLY
Phone
7573320531
Tax Period
2021-01-01 to 2021-12-31

VET FIRST INC, founded in 2021, is a micro nonprofit in the Public & Societal Benefit sector that reported $90K in total revenue in fiscal year 2021. The organization ran a surplus of $42K, a strong 47% operating margin.

Mission

Changing the way we honor our nation's Veterans, connect to nature, and give back to those in need from our local community. We put Vets first!

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $89,749
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $89,749

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,769
Other Expenses $47,439
TOTAL EXPENSES $47,439

Year-over-Year Comparison

2021 2020 Change
Revenue $89,749 N/A N/A
Expenses $47,439 N/A N/A
Net Income $42,310 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
1

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL WEATHERLY 5.00
Officer
$0 $0 $0
CIERRA WEATHERLY 5.00
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
2021 $89,749 $47,439 $42,460 $42,310
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