Vets2set Inc

Nonprofit profile at a glance

EIN
825345086
IRS 990-EZ coverage
2019–2025
Forms available
Form 990-EZ 2025, Form 990-N 2018
Location
West Palm Beach, FL, USA
Phone
8448448387
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Official website

Reported finances

Revenue
$5,500
Expenses
$8,385
Assets
$9,377
Liabilities
$492

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

Leadership & pay

6 people listed

Executive titles in this filing

  • David Cohen (President and Director)
  • Peter Friedman (Vice President and Director)
  • Maureen Weigl (Executive Director)

People named in this filing

  • David Cohen (President and Director)
  • Peter Friedman (Vice President and Director)
  • Paul Bernabeo (Secretary and Director)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Charitable organization with primary purpose of veterans employment placement.

What it reported doing in 2025

Vets2Set was organized to facilitate the successful transition of veterans from active military service to civilian employment in the media production industry. Vets2Set provided veterans with the possibility of entry-level jobs as production assistants in an industry which is known for its difficult barriers of entry and develop skills necessary to pursue a successful career. Vets2Set started in 2019 with the public launch of the program occurring in November 2019. In 2025, there were more than 840 veterans in 48 states registered and more than 350 employers in 29 states. In late 2025, the Board of Directors of Vets2set decided to close operations and ceased all solicitation of charitable contributions and any charitable program activities. On December 5, 2025, Vets2set voluntarily dissolved in its state of incorporation, Connecticut. As a not-for-profit organization, Vets2Set depended solely on donations and volunteer work, and never had employees.

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 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. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 82
  • Sustainability: 29
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.7%; rating input score 59
  • Program expense ratio: 38.5%; rating input score 38

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -52.5%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 1.12; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -14.3% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -34.4% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -9.9% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 58.7% of revenue deployed · 38.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2019 to 2025
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 38/100.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.