Help Hospitalized Veterans Inc

What it reported doing in 2024

Therapeutic craft kits and materials: during fy 24.25, heal vets shipped 181,567 therapeutic items consisting of arts and crafts kits, with a total retail value of $4,091,130, averaging 15,100 kits monthly. Kits were distributed across 45 states, Washington d.c., and puerto rico.the breakdown and value of these materials are as follows: recipients:# sent $ valuecraft kits to 32 department of veterans affairs medical ctrs42,629 $1,007,622craft kits to 3 heal vets community arts & craft centers83,291 $1,917,429craft kits to other programs*48,728 $1,006,611craft kits to patient home rehabilitation program2,144 $49,936craft kits to 4 military medical and other military facilities1,520 $38,878craft kits to 8 state veterans homes2,451 $55,938craft kits to miscellaneous other locations **824 $14,717*50+ other veterans' programs such as elks national service commission, sons of amvets, military order of the cooties, volunteers of america, heroes at home, american red cross, american legion, amvets and veterans of foreign wars posts, as well as disabled american veterans chapters.**miscellaneous other locations include craft kits sent to individual veterans as requested but not as part of the patient home rehabilitation program and to events sponsored by help heal veterans.community-based centers (cbcs): heal vets maintained a presence in multiple communities through cbc storefronts, state veterans homes, and military facilities in Illinois and Texas. These centers expand access to craft therapy for hospitalized, recovering, or home based veterans.patient home rehabilitation program (phr): for veterans recovering at home, heal vets mails therapeutic kits directly to individuals who cannot participate in hospital based craft therapy.sustainability and up cycling partnerships: heal vets partners with organizations including southwest airlines, joann, la z boy, the elks, and others to up cycle more than 1 million pounds of materials since 2017. These donations enabled the creation of more than 122,000 up cycled therapy kits, valued at almost $3 million during this fiscal year. Up cycled leather and other materials reduce landfill impact while becoming meaningful, therapeutic creations for veterans.

Financial Efficiency

• Mission deployment rate: 49.7%; rating input score 50
• Program expense ratio: 64.1%; rating input score 64
• Fundraising efficiency: $4.98 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Missing
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 22.5%; rating input score 79; 79th percentile among comparable filings
• Total-asset coverage ratio: 0.94; rating input score 35; 35th percentile among comparable filings
• Liabilities to assets ratio: 0.11; rating input score 56; 56th percentile among comparable filings
• Officer compensation ratio: 4%; rating input score 61; 61st percentile among comparable filings

Growth

• Program expense growth: -10.1% per year; rating input score 0; 3rd percentile among comparable filings
• Revenue growth: -9.5% per year; rating input score 0; 2nd percentile among comparable filings
• Asset growth: -2.8% per year; rating input score 0; 6th percentile among comparable filings