GEORGIA VETERANS SERVICE FOUNDATION INC

EIN: 863638628 501(c)(3) Public & Societal Benefit

Atlanta, GA

Total Revenue
$99,240
Total Expenses
$44,986
Total Assets
$69,159
Net Assets
$69,159
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
GA
Principal Officer
Mark Demers
Phone
4046562312
Tax Period
2024-01-01 to 2024-12-31

GEORGIA VETERANS SERVICE FOUNDATION INC, founded in 2022, is a micro nonprofit in the Public & Societal Benefit sector that reported $99K in total revenue in fiscal year 2024. Revenue surged 295% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 55% operating margin.

Mission

To actively seek supplemental funds and in-kind goods, services, and property to promote GA's state war veterans homes and veterans' cemeteries and for any other purpose of the GA State Veterans Service Board; To provide funds to assist veterans of good moral character with a discharge other than dishonorable for the purpose of service, welfare and rehabilitation; To promote employment and transition opportunities for such persons; to engage in educating the public about veterans' affairs and issues of importance to veterans; and otherwise assist those who have sacrificed so much for our country; To engage in any and all operations necessary or incidental to carrying out these purposes, including the raising of funds for service, welfare and rehabilitation efforts in connection with GA's veterans of military service; It shall be at the sole discretion of the GA Veterans Service Foundation to have final say of how money is distributed, where and how much and if it is distributed at all.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $99,240
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $99,240

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $637
Program Expenses $40,920
Other Expenses $44,986
TOTAL EXPENSES $44,986

Year-over-Year Comparison

2024 2023 Change
Revenue $99,240 $25,107 +3.0%
Expenses $44,986 $10,489 +3.3%
Net Income $54,254 $14,618 +2.7%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
12
Independent Members
N/A
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joe Higgins Board Chairman 1
Director
$0 $0 $0
Wyatt Bachelor Board Vice Chairman 1
Director
$0 $0 $0
Charles Roberts Jr Board Treasurer 1
Director
$0 $0 $0
Samatha Brown-Parks Board Secretary 1
Director
$0 $0 $0
Vivian Greentree Board Member 1
Director
$0 $0 $0
John Phillips Board Member 1
Director
$0 $0 $0
Alan Danzig Board Member 1
Director
$0 $0 $0
Andrew Hilmes Board Member 1
Director
$0 $0 $0
Kevin Loncher Board Member 1
Director
$0 $0 $0
Robert McMahon Board Member 1
Director
$0 $0 $0
Meredith Magnus Board Member 1
Director
$0 $0 $0
Harold Rogers Board Member 1
Director
$0 $0 $0
Mark Demers CEO 1
Officer
$0 $0 $0
Kerry Dyer COO 1
Officer
$0 $0 $0
Julie Hammond CFO 1
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 $99,240 $44,986 $69,159 $54,254
2023 $25,107 $10,489 $14,905 $14,618
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