California Veterans Benefit Fund

Nonprofit profile at a glance

EIN
204536035
IRS 990-EZ coverage
2020–2020
Forms available
Form 990 2019, Form 990-EZ 2020
Location
Forestville, CA, USA
Phone
8669342823
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Reported finances

Revenue
$4,929
Expenses
$20,646
Assets
$92,356

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • KEN HOLYBEE (President)
  • BRIAN MCKOWN (Vice President)

People named in this filing

  • RICHARD SEGOVIA (BOARD MEMBER)
  • CHRISTINA BAGGESE (BOARD MEMBER)
  • LOW NUNEZ (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide funding for education and assistance to veterans and their families through veteran service offices located in California. The corporation shall also fund certain programs requested by other tax exempt veteran service organizations.

What it reported doing in 2020

The organization provides funding, education and assistance to veterans and their families through veteran services offices located in California. Our services include funding for accredited services officers who write claims for disabled veterans for monthly stipends. We also support a program placing k9 service dogs with veterans. At our annual luncheon we honor veterans and leaders, recognize the progrmas we support, and inform attendees of issues related to veterans.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 30
  • Transparency & Controls: 67
  • Sustainability: 31
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.2%; rating input score 42
  • Program expense ratio: 10.1%; rating input score 10

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -318.9%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 4.47; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -8.6% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: 13.8% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 42.2% of revenue deployed · 10.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $2K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 2 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
  • High — Financial Efficiency: Program expense ratio scored 10/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 6/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.