National Veteran Owned Business Association

Nonprofit profile at a glance

EIN
813882002
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-EZ 2017
Location
Lexington, KY, USA
Phone
7243628622
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$1,694,585
Expenses
$1,271,737
Assets
$1,773,102
Liabilities
$127,500

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

Leadership & pay

20 people listed

Executive titles in this filing

  • MATTHEW PAVELEK (PRESIDENT & CEO)

Highest reported compensation

  • MATTHEW PAVELEK (PRESIDENT & CEO): $170,583 total reported compensation
  • LAXMI LOHM (EXECUTIVE VP): $133,785 total reported compensation

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

Overview

Mission

To fill a void in charitable and educational programs in support of the military veteran's community by enabling corporate contracting opportunities for america's veteran's and service-disabled veteran's business enterprises (vbes/sdvbes) through education, advocacy, outreach, recognition and certification. Furthermore to provide a direct link for contracting between corporate american and veteran's business enterprises and in doing so, improve business opportunities for vbes of all sizes.

What it reported doing in 2024

Navoba launched an exclusive sourcing tool giving corporate allies and certified vbes/sdvbe access to the first accessible database of certified veteran-owned businesses. Navoba joined the national business inclusion consortium, joining partners at the national lgbt chamber of commerce, disability; in, the national minority supplier development council, us black chamber of commerce, us hispanic chamber of commerce, us pan asian american chamber of commerce, weconnect internaitional, women impacting public policy and the women's business enterprise national council. Navoba's excluseve marching forward mondays program is an ongoing series of virtual meeting between certified vbes/sdvbes and corporate allies.certified veteran-owned campaign helps retail consumers easily identify products that have been produced and supplied by certified veteran's and service-disabled veteran's business enterprises.worked with disability: in to streamline opportunities for sdvbe and sdv-dobe reciprocity program.managed the exclusive state tracker program that has assisted in seeing 35 states pass favorable legislation and/or programs to create contracting opportunities with state government.

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 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 65
  • Accountability: 71
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62%; rating input score 62
  • Program expense ratio: 80.9%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 23rd percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 25%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.39; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 23.9%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 18.9% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 22.8% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 32.8% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 62% of revenue deployed · 80.9% of spending went to programs
  • Governance: 18 of 20 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $171K · 20 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.