Mt Carmel Veterans Service Center

Nonprofit profile at a glance

EIN
811652178
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
Colorado Springs, CO, USA
Phone
7193094725
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$4,202,758
Expenses
$4,193,445
Assets
$2,477,325
Liabilities
$593,110

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

Leadership & pay

8 people listed

Executive titles in this filing

  • GINA M CIMINO (PRESIDENT/TRUSTEE)
  • ROBERT MCLAUGHLIN (EXECUTIVE DIRECTOR)

People named in this filing

  • GINA M CIMINO (PRESIDENT/TRUSTEE)
  • GREG GARCIA (TRUSTEE)
  • DAVE PALENCHAR (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

Mt. Carmel collaborates with community partners in providing best practices in transition & wellness services for veterans, military & their families by delivering expertise, resources, space & sustainability. This is accomplished by providing a one-stop shop for a variety of services such as behavioral health counseling, employment & transition support, job placement & internships, benefits support, housing assistance, financial coaching, & legal & education assistance.

What it reported doing in 2024

Veterans business outreach center - in partnership with the u.s. Small business administration (sba), mt. Carmel veterans service center opened Colorado's first veterans business outreach center on may 1, 2023. Headquartered at mt. Carmel, the Colorado veterans business outreach center also has a satellite office at catalyst campus for technology and innovation in Colorado springs. The vboc provides counseling, training, technical skill development, comprehensive business assessments, and mentoring services to aspiring and existing business owners who are active duty, veterans, members of the national guard or reserve, military spouses, and family members. According to the sba Colorado has over 48,000 veteran-owned small businesses that provide $23 billion to the state economy and employ over 96,000 people.in accordance with the mission of the office of veteran business development, the Colorado vboc provides programs and services as part of the Colorado small business ecosystem. We are here to help start, grow, and expand small businesses.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.9%; rating input score 84
  • Program expense ratio: 83.9%; rating input score 84
  • Fundraising efficiency: $8.53 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

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: 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: 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.2%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 17.8% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 14.9% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 19% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 83.9% of revenue deployed · 83.9% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 7 filing controls reported
  • Programs: 6 filed program accomplishments · $3.5M in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes major donors
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.