Votevets Action Fund Inc

Overview

Mission

Advocate for interests of troops, veterans, and military families.

What it reported doing in 2024

Educating the public about how foreign and national policies affect troops, veterans, and military families. General advocacy for issues of troops and veterans.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 64% of its reported program spending out as grants.

Nonprofit profile at a glance

EIN
510596352
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Headquarters
Washington, DC, USA
Phone
6464158429
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 71
  • Accountability: 44
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.3%; rating input score 90
  • Program expense ratio: 92.5%; rating input score 93
  • Fundraising efficiency: $27.46 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.5%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.55; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 99; 99th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 20.3% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 22.5% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 25.1% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 90.3% of revenue deployed · 92.5% of spending went to programs
  • Governance: 2 of 3 board members independent · 1 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $16.4M in reported program spending
  • Leadership: top reported pay $449K · 7 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.3M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 annual filings from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 16 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

7 people listed

Highest reported compensation

  • JONATHAN SOLTZ (FORMER CHAIR/DIRECTOR): $448,697 total reported compensation
  • PETER MELLMAN (CFO): $327,181 total reported compensation
  • SARAH WOOD (SOCIAL MEDIA DIRECTOR): $150,374 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.