National Veteran Business Development Council
Nonprofit profile at a glance
- EIN
- 462033413
- IRS 990 coverage
- 2014–2025
- Forms available
- Form 990 2025, Form 990-N 2013
- Location
- Troy, MI, USA
- Phone
- 3134466885
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $1,722,329
- Expenses
- $2,094,892
- Assets
- $876,178
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- KEITH KING (CEO)
- RICHARD MILLER (PRESIDENT)
Highest reported compensation
- KEITH KING (CEO): $69,333 total reported compensation
- KATHRYN POYNTON (DIRECTOR): $56,500 total reported compensation
- ROBERT MIDDLETON (TREASURER): $42,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The national veteran business development council (nvbdc) was created to achieve the following missions: 1. Certify veteran owned businesses (vob's) and service disabled veeteran owned businesses (sdvob's) that wish to do business with american companies.
What it reported doing in 2025
Created and launched custom data to complete the automation for certification of veteran owned businessess (vob's) and service disabled veteran owned businesses (sdvob's). Created and launched custom portal for the corporations to review the capability statements and contact information of the vob's, sdvob's, and to contact them. We have completed over 400 vob's/sdvob's certifications including as required, the on site visits to confirm the information submitted. Attended many events, specifically to deliver presentations to vob's, sdvob's and corporations on the value of certifications. Conducted two live conferences. Created and presented several webinars. Created new veteran scholarship program. Continued to upgrade our online certification program and certified over 800 vob's to date.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 71
- Accountability: 82
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.3%; rating input score 95
- Program expense ratio: 78.1%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 29.2%; rating input score 29; 30th 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; 64th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -21.6%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.42; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 16.9%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 17.2% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 17.7% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 20.7% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 95.3% of revenue deployed · 78.1% of spending went to programs
- Governance: 11 of 11 board members independent · 5 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $1.6M in reported program spending
- Leadership: top reported pay $69K · 11 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 11 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Money network: 10 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.
- High — Transparency & Controls: Grant itemization coverage scored 29/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 6/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 21/100.