FRIENDS OF THE VETERANS MEMORIAL SENIOR CENTER

EIN: 942977907 501(c)(3) Human Services

Redwood City, CA

Total Revenue
$357,433
Total Expenses
$278,378
Total Assets
$163,605
Net Assets
$163,605
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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
CA
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.

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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 $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

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Governance

Voting Members
13
Independent Members
13
Employees
7
Volunteers
20

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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