Veterans Assistance Fund Inc

Nonprofit profile at a glance

EIN
453153527
IRS 990-EZ coverage
2012–2024
Forms available
Form 990-EZ 2024
Location
State College, PA, USA
Phone
8142378161
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Reported finances

Revenue
$31,059
Expenses
$11,070
Assets
$167,146

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

Leadership & pay

4 people listed

Executive titles in this filing

  • BILL FLEEGER (PRESIDENT)
  • NICK HARINGTON (VICE PRESIDENT)

People named in this filing

  • BILL FLEEGER (PRESIDENT)
  • NICK HARINGTON (VICE PRESIDENT)
  • CAROL CLARK-BANEY (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

Provide financial assistance to military veterans

What it reported doing in 2024

Financial assitance provided to military veterans inneed in Centre County, Pennsylvania, including paying certainbills, like rent, or one time expenses, like home improvements.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 82
  • Sustainability: 79
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.7%; rating input score 49
  • Program expense ratio: 85.7%; rating input score 86

Transparency & Controls

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

Sustainability

  • Operating margin: 64.4%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 15.1; rating input score 95; 95th 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: -0.3% per year; rating input score 0; 47th percentile among comparable filings
  • Revenue growth: -1.7% per year; rating input score 0; 45th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 48.7% of revenue deployed · 85.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $9K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2012 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.