VETERANS RIDE FOR FREE

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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

2021

Legal Domicile

Principal Officer

Daniel Brimeyer

Phone

8603171025

Tax Period

2023-01-01 to 2023-12-31

VETERANS RIDE FOR FREE, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $302K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $280K left a modest 7% surplus.

Mission

The organizations mission is to provide free medical rides for veterans and housing for homeless veterans.

Program Service Accomplishments

Program 1

Expenses: $280,243 Revenue: $302,272

The organization's mission is to provide free medical rides for veterans and housing for homeless veterans.

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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 $275,868

Program Service Revenue $26,400

Investment Income $4

Other Revenue $0

TOTAL REVENUE $302,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,095

Fundraising Expenses $0

Program Expenses $280,243

Other Expenses $192,148

TOTAL EXPENSES $280,243

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,272	$322,078	-0.1%
Expenses	$280,243	$298,184	-0.1%
Net Income	$22,029	$23,894	-0.1%

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

$16,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacqueline Reali	Secretary	30	Officer	$15,600	$0	$15,600
Ernest Gaudreau	Treasurer	1	Officer	$600	$0	$600
Daniel Brimeyer	President	1	Officer	$0	$0	$0
George Boston	Vice President	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	No data	No data	No data	No data
2023	$302,272	$280,243	$94,783	$22,029
2022	$322,078	$298,184	$72,754	$23,894