Lady Veterans Connect

Nonprofit profile at a glance

EIN
460848546
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018, Form 990-N 2017
Location
Winchester, KY, USA
Phone
8598064297
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Official website

Reported finances

Revenue
$331,956
Expenses
$199,911
Assets
$668,065
Liabilities
$292,331

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • TORI PEYCHICH (BOARD MEMBER)
  • ELIZABETH HELMS FRAZIER (BOARD MEMBER)
  • ADDIE MATTOX (BOARD MEMBER)

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

To provide high quality, comprehensive services to assist female veterans in transitional support and prevent homelessness.

What it reported doing in 2024

Lvc provides a transitional home for homeless women veterans where they can live up to a year while participating in programs for healing: including self-esteem classes, nutritional classes, resume building, interviewing skills, dressing for success, counseling, and restoring relationships. Lvc also sponsors five events to provide women veterans with resources that address their concerns, and to help develop relationships with other veterans.i. Accomplishments of lady veterans connect in 2024: a. Services provided:-arranged military funeral and burial in the national cemetery for a veteran involved in the program-narcan training for 6 volunteers-cpr and stop the bleed training for 6 volunteers-hosted a car show-hosted an outdoor concert. 47 people attended-hosted open house. Invited community to visit the facility and have a tour. 68 people attended. -provided for supplies to flood victims in eastern Kentucky. Six trips in total, provided supplies such as food, water, cleaning supplies, personal hygiene items, and shovels -writing retreat with sylvia lovely- 32 attendees-diva day - breast cancer awareness - 12 attendees-gala had 139 attendees-100 backpacks donated for backpacks for the homelessb. Counseling services provided:-71 veterans present at the day of valor-102 attendees at the central Kentucky veterans day of valor-6 volunteers trained in suicide prevention-11 veterans attended women's health reengagement-16 veterans attended retreats-23 veterans attended lunch & learn-32 veterans attended meetups-69 veterans attended women's conference-55 veterans attended wellness fair-203 veterans were honored for their service at a gala hosted-38 veterans for food boxes for veterans-201 attendees present at the coffee time with veterans-50 attendees attended the retreat at cumberland falls -161 attendees to the women veterans recognition day-11 residents had counseling services-28 attendees at the empower her retreat

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 86
  • Accountability: 82
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45%; rating input score 45
  • Program expense ratio: 74.8%; rating input score 75
  • Fundraising efficiency: $71.42 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • 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: 39.8%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 3.34; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -6.3% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: 4% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 11.3% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 45% of revenue deployed · 74.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $150K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Mission deployment rate scored 45/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.