Minnesota Assistance Council for Veterans

Nonprofit profile at a glance

EIN
411694717
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Saint Paul, MN, USA
Phone
6512918756
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Official website

Reported finances

Revenue
$26,402,425
Expenses
$21,188,581
Assets
$37,588,544
Liabilities
$8,149,451

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

Leadership & pay

20 people listed

Executive titles in this filing

  • NEAL LOIDOLT (PRESIDENT AND CEO)

Highest reported compensation

  • NEAL LOIDOLT (PRESIDENT AND CEO): $261,614 total reported compensation
  • BRIAN PETERSON (CFO): $168,786 total reported compensation
  • JON LOVALD (COO): $163,536 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Minnesota assistance council for veterans (macv) is dedicated to a mission to end veteran homelessness in Minnesota. Macv provides services to veterans who are homeless or at risk of homelessness throughout Minnesota in areas of housing, employment, legal services, and more to connect those we serve with services needed for long-term stability.

What it reported doing in 2024

Housing stability: macv's housing stability services are comprehensive case management services that work with veterans to help them gain skills needed to access and maintain permanent housing. Ongoing case management services include addressing issues that potentially affect housing, assisting in determining the type and location of affordable housing, assisting with rental payments and regularly meeting with veterans to ensure their long-term housing stability. Specialized services also exist within this program area targeted towards healthcare navigation, justice involved veteran supports, landlord engagement and support, financial stability.macv provided comprehensive services to 2,833 veterans and their families throughout Minnesota during 2024 who were experiencing homelessness or at risk of homelessness. These services are delivered in close coordination with partner agencies throughout the state to ensure veterans are connected to resources they need to support their long-term housing stability.

Operating model

Revenue model
Grant-funded. 69% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.8%; rating input score 70
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: $27.39 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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; 66th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.7%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 1.77; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 15.4% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 16.2% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 14.5% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 69.8% of revenue deployed · 87% of spending went to programs
  • Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $18.4M in reported program spending
  • Leadership: top reported pay $262K · 20 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.9M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • 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: Total-asset coverage ratio scored 57/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.