Veteran Air Warriors
Nonprofit profile at a glance
- EIN
- 824139753
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- Billings, MT, USA
- Phone
- 4066983169
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $21,798
- Expenses
- $25,665
- Assets
- $2,894
- Liabilities
- $1,346
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- MIKE OVERSTREET (PRESIDENT)
People named in this filing
- CADE OVERSTREET (EXECUTIVE DI)
- MIKE OVERSTREET (PRESIDENT)
- BOB MCIVER (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
To provide american vetrans with the necessary resources to train, certify and excel within our country's aviation industry.
What it reported doing in 2024
There is a crisis within both private and military avaition worlds. There simply are not enough pilots or technicians (avaition mechanics) to fill minimum needs. Us vetrans can help address this shortage, many simply need help acquiring the necessary licenses and qualifications to be marketable for employment within private avaition. Boeing's pilot protection study released in 2018 cites a need for 206,000 new pilots within the private sector in the next 20 years, or 28 pilots every day for the next 20 years. Boeing predicts the need for technicians ( a&p mechanics ) to be 189,000 over the next time frame. The private aviation industry is searching for qualified pilots with stong character, work ethic, and commitment to excellence. They have consistantly found these traits in military pilots. Vetran air warriors strongly believes that these traits can also be found in veterans who did not fly while serving. With assistance from veteran air warriors, non flying veterans can help address this industry crisi, help veterans pursue signicicant job opportunities, while also reducing the need to poach pilots from withing current military ranks. Veteran air warriors has developed a program, in cooperation with several strategic partners, to provide scholorships for training, mentorship and a solid career path to american's military veterans, helping them become a sucessful professional in america's aviation industry. The organization intially provides assistance by providing help planning the veterans flight training ( through cf11 ) as well as providing financial aid to acquire the private pilots license. This is often the most expenseive and difficult hurdle for veterans to overcome. Once a private pilot's license is acquired the organization will help the vetran utilize their gi bill to cover much of the costs associated with instrumention, commercial, multi engine, cfi & cf11 ratings. After flight training, the organization offers assistance for the veteran to find employment, from helping to find cfi opportuniites to offering access to a network of supportors and organization alumni within the aviation industry.
Operating model
- Revenue model
- Donor-supported. 61% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 23
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- 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: -17.7%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -12.9% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: -25% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -31.3% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $26K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2018 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: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.