MILE HI VETERANS SERVICES

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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

JOSEPH DAVALOS

Phone

3034353304

Tax Period

2024-01-01 to 2024-12-31

MILE HI VETERANS SERVICES, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $153K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $181K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO FURTHER THE PATRIOTIC, HISTORICAL, AND EDUCATIONAL INTERESTS OF VETERANS, THEIR FAMILIES, AND THE COMMUNITY OF THE DENVER METROPOLITAN AREA.

Program Service Accomplishments

Program 1

Expenses: $71,690 Revenue: $47,195

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY, (1) FOR THE BENEFIT OF (2) TO PERFORM THE FUNCTIONS OF (3) TO OWN AND OPERATE PROPERTY FOR THE BENEFIT OF; OR (4) TO CARRY OUT THE...

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY, (1) FOR THE BENEFIT OF (2) TO PERFORM THE FUNCTIONS OF (3) TO OWN AND OPERATE PROPERTY FOR THE BENEFIT OF; OR (4) TO CARRY OUT THE PURPOSES OF, THE MILE HI VETERANS AND THE CORPORATION SHALL BE OPERATED, SUPERVISED OR CONTROLLED BY THE MILE HI 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 (2024)

Revenue Breakdown

Contributions & Grants $53,409

Program Service Revenue $47,195

Investment Income $281

Other Revenue $51,861

TOTAL REVENUE $152,746

Expense Breakdown

Grants Paid $27,075

Salaries & Benefits $0

Fundraising Expenses $23,052

Program Expenses $71,690

Other Expenses $154,406

TOTAL EXPENSES $181,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,746	$263,314	-0.4%
Expenses	$181,481	$574,763	-0.7%
Net Income	$-28,735	$-311,449	-0.9%

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

N/A

Volunteers

250

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
JOSEPH DAVALOS	COMMANDER	40.00	Officer Director	$0	$0	$0
BENJAMIN CONDE	VICE COMMAND	10.00	Officer Director	$0	$0	$0
REINA ARMENDA-CONDE	SECRETARY	15.00	Officer Director	$0	$0	$0
JOELLE ZAMORA-CLAUSEN	TREASURER	40.00	Officer Director	$0	$0	$0
WANDA MAURO-GARCIA	WOMEN'S CHAI	30.00	Officer Director	$0	$0	$0
MARIE GARCIA	VICE-WOMEN'S	30.00	Officer Director	$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	$152,746	$181,481	$786,253	$-28,735
2023	$263,314	$574,763	$851,925	$-311,449
2022	$83,312	$122,267	$637,132	$-38,955