VetCares Inc

Nonprofit profile at a glance

EIN
871693050
IRS 990 coverage
2022–2025
Forms available
Form 990 2025, Form 990-N 2021
Location
Corona, CA, USA
Phone
9518700369
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$58,728
Expenses
$66,503
Assets
$86,613
Liabilities
$15,775

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Son Nguyen (CEO)

Highest reported compensation

  • Son Nguyen (CEO): $45 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

VETCares is a nonprofit established to support military, veterans, and their families as a result of a hardship. Our programs are designed to achieve short-terms objectives as wells as ensuring long-term sustainability. Focus areas include suicide prevention education and alternative therapies; first-time home buyer closing cost grants; financial assistance for emergency needs; and life-changing outdoor adventures for those re-discovering purpose and tranquility. Every man and woman that has honorably served deserves a place to go when they need a hand up VETCares is that place.

What it reported doing in 2025

CAMP CARES - THE EDGE OF HEALING"Designed to provide alternative therapy retreats including hunting, fishing, backcountry hiking, conservation, equine therapy, and meditation programs that are immersed innatures solitude to heal the soul. The Center will organize the therapies and local guides to take Veterans and/or their families out for one day, or several days in a row. When the programs are done for the day program participants will meet back at the Center for dinner and brother/sister bonding around the campfires and/or have solitude under theMontana skies. VETCares will work with subject matter experts and professional specialists to provide tools and resources so they may continue their journey of healing upon returning home."

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 84% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 94
  • Accountability: 37
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.7%; rating input score 73
  • Program expense ratio: 64.2%; rating input score 64
  • Fundraising efficiency: $12.34 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 10th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -13.2%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 1.3; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -7.2% per year; rating input score 0; 31st percentile among comparable filings
  • Revenue growth: -44.7% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -46% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 72.7% of revenue deployed · 64.2% of spending went to programs
  • Governance: 0 of 4 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $43K in reported program spending
  • Leadership: top reported pay $45 · 4 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 5 filed related-organization links
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 57/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.