Hayes-velhage Post No 96 Holding Company
Nonprofit profile at a glance
- EIN
- 822920740
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- West Hartford, CT, USA
- Phone
- 8602339029
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $84,520
- Expenses
- $51,965
- Assets
- $1,421,652
- Liabilities
- $72,952
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- MOE FRADETTE (PresidentDirector)
- RAY JEAN (Trustee)
- POWELL SCHUNDER (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Organized for th exclusive purpose of holding title to property, collecting income therefrom and turning it over to the Hayes- Velhage post 96 Anerican Legion- a corporation under 501 C 19
What it reported doing in 2024
The net income for the Holding Company is transferred to the American Legion Hayes Velhage Post96 ( a C501 C-19 organization) to further the Post 96 exempt purpose activites-including baseball/community services and more.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 74
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.5%; rating input score 61
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 38.5%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 27.36; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 11.6% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: -12.7% per year; rating input score 0; 27th percentile among comparable filings
- Asset growth: -2.2% per year; rating input score 0; 30th percentile among comparable filings
Details
- Where the money goes: 61.5% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 8 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $52K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.