Vet Launch
Nonprofit profile at a glance
- EIN
- 472794541
- IRS 990-EZ coverage
- 2015–2018
- Forms available
- Form 990-EZ 2018
- Location
- New Orleans, LA, USA
- Phone
- 8778295500
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Military, Veterans' Organizations
Reported finances
- Revenue
- $85,443
- Expenses
- $5,464
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- ROBERT ARMBRUSTER (Chairman)
- WILLIAM RYAN (BOARD MEMBER)
- JOSEPH BONAVITA (BOARD MEMBER)
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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Vetlaunch provides our veterans with the ability to make a positive transition from military life to civilian life. Vetlaunch is veterans taking care of veterans.
What it reported doing in 2018
From business start-up help to housing, job training and placement, vet launch provides resources to effectively help veterans make the transition from military to civilian life.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 82
- Sustainability: 54
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.4%; rating input score 6
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 93.6%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -58.9% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 30.5% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: -66.7% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 6.4% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2015 to 2018
- 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 — Financial Efficiency: Mission deployment rate scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.