Covington Veterans Foundation

Nonprofit profile at a glance

EIN
834025088
IRS 990-EZ coverage
2023–2025
Forms available
Form 990-EZ 2025, Form 990-N 2022
Location
Andalusia, AL, USA
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Reported finances

Revenue
$57,590
Expenses
$60,942
Assets
$121,415

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • Benjamin Bowden (President)

People named in this filing

  • John E Vick (Chairman)
  • Benjamin Bowden (President)
  • Teresa W Ward (Treasurer)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To educate and promote patriotism and honor veterans

What it reported doing in 2025

Provided almost 700 banners which were displayed in Andalusia Alabama the two weeks leading up to Veterans Day. These honored veterans who had served in all branches of the military.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% 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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 100
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.6%; rating input score 77
  • Program expense ratio: 71.9%; rating input score 72

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -5.8%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 1.99; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 19.7%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 34.7% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 8.9% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 76.6% of revenue deployed · 71.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 5 filed program accomplishments · $44K in reported program spending
  • Leadership: top reported pay $0 · 19 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • 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: Officer compensation ratio scored 8/100.