FRIENDS OF THE VETERANS MEMORIAL S… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

Patrick Michael

Phone

6507807270

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE VETERANS MEMORIAL SENIOR CENTER, founded in 2008, is a small nonprofit in the Human Services sector that reported $357K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $79K, a strong 22% operating margin.

Mission

To provide nutritional support to the elderly population in Redwood City and surrounding communities. The Nutrition program is a snack bar formatted lunch program operating between 11AM and 1PM and serving 30-40 patrons living the Redwood City and surrounding area.

Program Service Accomplishments

Program 1

Expenses: $271,756 Revenue: $152,554

Kitchen serves main course and sides in addition to chips, fruit and drinks to the elderly population in Redwood City and surrounding area, 5 days a week, 50 weeks a year. It is estimated that 15,286 full lunches were served during the last fiscal year. Additionally there are 7 special events during the year., at which another 700 persons were served.

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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 $201,568

Program Service Revenue $152,554

Investment Income $3,311

Other Revenue $0

TOTAL REVENUE $357,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $271,756

Other Expenses $278,378

TOTAL EXPENSES $278,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,433	$251,367	+0.4%
Expenses	$278,378	$277,735	+0.0%
Net Income	$79,055	$-26,368	-4.0%

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

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
Patrick Michael	Treasurer	15	Director	$0	$0	$0
Linda Bruns	Vice Chair	2	Director	$0	$0	$0
Barbara McCarthy	Secretary	2	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
2025	$357,433	$278,378	$163,605	$79,055
2024	$251,367	$277,735	$84,550	$-26,368
2023	$246,685	$262,204	$110,918	$-15,519

FRIENDS OF THE VETERANS MEMORIAL SENIOR CENTER