Vet to Vet Maine Inc

Nonprofit profile at a glance

EIN
831092783
IRS 990-EZ coverage
2021–2024
Forms available
Form 990 2020, Form 990-EZ 2024, Form 990-N 2018
Location
Biddeford, ME, USA
Phone
2075794024
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$97,389
Expenses
$100,047
Assets
$53,108

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

Leadership & pay

7 people listed

Executive titles in this filing

  • John Libby (President)
  • Adam Cote (Vice President)
  • Margaret Catanese (Executive Director)

People named in this filing

  • John Libby (President)
  • Adam Cote (Vice President)
  • Marshall Archer (Treasurer)

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

Vet to Vet Maine's mission is to alleviate social isolation and loneliness among veterans and improve their quality of life by providing them with peer companions who also link them to services and benefits.

What it reported doing in 2024

Caregiver Support Network: This program is eligible to caregivers of veterans enrolled in the Vet to Vet Maine's Peer Companion Program. This program provides information and support to caregivers of veterans. The Caregivers Support Network introduced caregivers to the Personal Support Specialist program, which enables qualified family caregivers to get a stipend for caring for a disabled veteran. A volunteer coordinates the program and an IT contractor operates the Zoom program at four quarterly meetings. The caregivers hear speakers four times a year on topics of interest; caregivers of Vet to Vet Maine veterans who have died recently meet for monthly gatherings to support one another. The coordinator has been in touch with 14 caregivers and an additional 6 caregivers whose veteran died during FY25.

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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 100
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.5%; rating input score 67
  • Program expense ratio: 64.8%; rating input score 65

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -2.7%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 30.3%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 4.8% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 16% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 22.1% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 66.5% of revenue deployed · 64.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $65K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Sustainability: Operating margin scored 39/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.