Corpsman Maxton W Soviak Memorial Foundation
Nonprofit profile at a glance
- EIN
- 880848624
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Berlin Heights, OH, USA
- Phone
- 4192025056
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Military, Veterans' Organizations
Reported finances
- Revenue
- $92,793
- Expenses
- $66,974
- Assets
- $290,447
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- RACHEL SOVIAK (PRESIDENT)
- KIP SOVIAK (VICE PRESIDENT)
People named in this filing
- CONNIE WARD (DIRECTOR)
- BRIAN WALLEMAN (DIRECTOR)
- CHARITY SCHAFER (DIRECTOR)
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 corpsman maxton w soviak memorial foundation will provide veterans and their families with adventure, experiences and resources to live life to the max!
What it reported doing in 2024
Providing support to veterans including therapy dogs, training for support animals, financial assistance, and other resources, particularly for those veterans with ptsd and other post-service issues.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 100
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.4%; rating input score 64
- Program expense ratio: 89.2%; rating input score 89
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: 27.8%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 4.34; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 51.7% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 15.4% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 47.6% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 64.4% of revenue deployed · 89.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $60K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2021 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Sustainability: Officer compensation ratio scored 56/100.