The Veterans Trust
Legal name: The Veterans Trust Inc
Nonprofit profile at a glance
- EIN
- 464677773
- IRS 990 coverage
- 2022–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025, Form 990-EZ 2023
- Location
- Fort Lauderdale, FL, United States
- Phone
- 8882608387
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $101,882
- Expenses
- $139,679
- Assets
- $100,603
- Liabilities
- $2,178
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- FRED ROGER (EXECUTIVE DI): $22,000 total reported compensation
- JUERGEN KLINGENBERG (DIRECTOR): $10,529 total reported compensation
- STEPHEN KANTARZE (DIRECTOR): $8,000 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 Veterans Trust is a faith-inspired nonprofit formed by a band of veteran brothers (founded in 2014) that enables willing veterans (and their families) to continue service, realize their God-given potential, and honor the sacrifice of the fallen through collaboration with other service and first responder organizations—serving this mission through the lens of motorsports.
What it reported doing in 2025
Initiated and led by veterans, the veterans trust (tvt) is committed to improving the lives of veterans through psychological training, workforce opportunities, and a sense of community. Since 2013, the veterans trust has been committed to serving the veteran community by improving self- regulatory mechanisms and performance enhancement through motorsports. Through highly unique and curated motorsport experiences, we grant service members, veterans, and first responders special access to tracks and high- performance vehicle ride-alongs. The program's ultimate goal is for veterans to proactively enhance their own inner peace, and productivity and lead purposeful lives.
Operating model
- Revenue model
- Donor-supported. 92% 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. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 60
- Sustainability: 18
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.5%; rating input score 84
- Program expense ratio: 60.9%; rating input score 61
- Fundraising efficiency: $5.38 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 40%; rating input score 40; 18th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
Sustainability
- Operating margin: -37.1%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.72; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 29%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 5.2% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 56th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 83.5% of revenue deployed · 60.9% of spending went to programs
- Governance: 2 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $85K in reported program spending
- Leadership: top reported pay $22K · 5 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: 5 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.
- Moderate — Accountability: Independent voting board scored 40/100.
- High — Financial Efficiency: Fundraising efficiency scored 23/100.
- High — Sustainability: Operating margin scored 6/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.