Varnum Continentals Inc
Nonprofit profile at a glance
- EIN
- 050301441
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2019, Form 990-EZ 2024
- Location
- East Greenwich, RI, USA
- Phone
- 4018844110
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Historical Societies & Historic Preservation
Reported finances
- Revenue
- $135,898
- Expenses
- $110,365
- Assets
- $394,718
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- PATRICK DONOVAN (PRESIDENT)
- MARIA VASQUEZ (VICE PRESIDENT)
- JOANNE BRESLIN (VICE PRESIDENT)
People named in this filing
- PATRICK DONOVAN (PRESIDENT)
- GARRETT STENHOUSE (TREASURER)
- JAMES LOFFLER (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
1) preservation of historic armory and house; tours and education programs regarding the same; participation in local activities including memorial day and veterans day parades; providing a more intensive awareness of our country's beginning and heritage. 2) preservation and display of memorial armory which houses a collection of arms, uniforms, flags andmilitary memorabillia extending from the middle ages to date. Public tours are offered. 3)preservation and display of the general james mitchell varnum house, built 1773, which has been fully restored and is continually maintained, and is open to the public on a regular basis.
What it reported doing in 2024
To preserve and share Rhode Island's military history, via its armory museum, house museum, and historical command, to inspire and educate the public.
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. Revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 82
- Sustainability: 77
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.9%; rating input score 82
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 18.8%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 3.58; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 5.9% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: -3% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: 11.7% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 81.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $110K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- 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 — Growth: Revenue growth scored 0/100.