Veterans Life Center
Nonprofit profile at a glance
- EIN
- 271696736
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2011
- Location
- Raleigh, NC, USA
- Phone
- 9198035516
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Temporary Housing
Reported finances
- Revenue
- $2,309,515
- Expenses
- $2,528,889
- Assets
- $1,878,119
- Liabilities
- $63,312
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JOHN TURNER (EXECUTIVE DIRECTOR/FOUNDER)
Highest reported compensation
- JOHN TURNER (EXECUTIVE DIRECTOR/FOUNDER): $116,732 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The veterans life center is a residential program designed to help at-risk 21st century veterans. It is our goal to provide each of our residents the prospect of a constructive and personally satisfying role in civil society. By strengthening their mental fitness and physical health, improving life skills and providing vocational training, we will guide them to career opportunities and community reintegration, averting all-too frequent crises such as chronic homelessness, incarceration, suicide and premature death.
What it reported doing in 2024
Coordinated care program - in 2024 the veterans life center served over 212 veterans. Served over 41,724 warm meals to 21st century veterans. Worked with them to increase life skills, financial literacy, and goal setting. We transported veterans over 48,700 miles. Assisted them in scheduling and attending mental, behavioral, and physical health care appointments. Supported veterans with technological capabilities to support over 421 telehealth calls.
Operating model
- Revenue model
- Grant-funded. 73% of the money available for current operations came from government grants.
- 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.
- 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 30
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.4%; rating input score 72
- Program expense ratio: 66%; rating input score 66
- Fundraising efficiency: $16.18 raised per $1 spent on fundraising; rating input score 53; 53rd 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: Fail
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -9.5%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.74; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 14.2% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: -1.4% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 72.4% of revenue deployed · 66% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $117K · 12 people listed
- Highest-paid contractors: 2 contractors listed · $773K reported
- Consistency: 35 of 35 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Fundraising efficiency scored 53/100.
- High — Sustainability: Operating margin scored 14/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.