Chad Veach Ministries Inc
Nonprofit profile at a glance
- EIN
- 812349802
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024
- Location
- Los Angeles, CA, USA
- Phone
- 3175709573
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $155,000
- Expenses
- $155,207
- Assets
- $2,721
- Liabilities
- $950
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Chad Veach (President)
- Julia Veach (Vice President)
People named in this filing
- Chad Veach (President)
- Julia Veach (Vice President)
- Kelly Iseman (Secretary)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ministry exists to inspire and equip people in life and leadership.
What it reported doing in 2024
Preaching the gospel of Jesus Christ to help strengthen faith and provide hope for the future; accomplished through speaking engagements and by supporting other churches and missionaries with similar visions.
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
- Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 19
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.1%; rating input score 79
- Program expense ratio: 79%; rating input score 79
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -0.1%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 50.6%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: -15.5% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 79.1% of revenue deployed · 79% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $123K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.