Solutions For Veterans Inc
EIN: 582447022 · Decatur, GA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $407K |
| Net Assets | $14.1M |
Is Solutions For Veterans Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Solutions For Veterans Inc
Solutions For Veterans Inc (EIN: 582447022) is a nonprofit organization based in Decatur, GA, classified under NTEE code S20. The organization reported total revenue of $5.8M and total assets of $33.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solutions For Veterans Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solutions For Veterans Inc is a mid-size nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 39.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $407K |
| Surplus / Deficit | +$1.5M |
| Total Assets | $24.5M |
| Total Liabilities | $10.4M |
| Net Assets | $14.1M |
| Operating Margin | 78.6% |
| Debt-to-Asset Ratio | 42.5% |
| Months of Reserves | 722.1 months |
Financial Health Grade: A
In 2023, Solutions For Veterans Inc reported a surplus of $1.5M with revenue exceeding expenses, holds 722.1 months of operating reserves (strong position), has a debt-to-asset ratio of 42.5% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Solutions For Veterans Inc's revenue has grown at a compound annual growth rate (CAGR) of 39.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +282.6% | +47.3% | +8.6% |
| 2022 | +90.3% | +170.7% | +27.4% |
| 2021 | -11.9% | -91.0% | +53.6% |
| 2020 | -27.3% | +8.2% | +15.3% |
| 2019 | -88.3% | +441.2% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Solutions For Veterans Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Solutions For Veterans Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.5%.
Frequently Asked Questions about Solutions For Veterans Inc
Is Solutions For Veterans Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Solutions For Veterans Inc (EIN: 582447022) insufficient data. 0 red flags identified, 0 strengths noted.
How does Solutions For Veterans Inc spend its money?
Detailed spending breakdown data is not yet available for Solutions For Veterans Inc. Check back for updated IRS 990 analysis.
Are donations to Solutions For Veterans Inc tax-deductible?
Solutions For Veterans Inc is registered as a tax-exempt nonprofit (EIN: 582447022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Solutions For Veterans Inc located?
Solutions For Veterans Inc is headquartered in Decatur, Georgia and files with the IRS under EIN 582447022. It is classified under NTEE code S20.
How many years of IRS 990 filings does Solutions For Veterans Inc have?
Solutions For Veterans Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.8M in total revenue.
Filing History
IRS 990 filing history for Solutions For Veterans Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Solutions For Veterans Inc's revenue has grown by 5336.4%, moving from $35K to $1.9M. Total assets increased by 857695.5% over the same period, from $3K to $24.5M. Total functional expenses rose by 1022.1%, from $36K to $407K. In its most recent filing year (2023), Solutions For Veterans Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $10.4M in liabilities against $24.5M in assets (debt-to-asset ratio: 42.5%), resulting in net assets of $14.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $407K | $24.5M | $10.4M | — | — |
| 2022 | $497K | $276K | $22.6M | $10.0M | — | — |
| 2021 | $261K | $102K | $17.7M | $5.2M | — | View 990 |
| 2020 | $296K | $1.1M | $11.5M | $1.1M | — | — |
| 2019 | $408K | $1.0M | $10.0M | $28K | — | View 990 |
| 2018 | $3.5M | $193K | $10.6M | $21K | — | View 990 |
| 2017 | $1.8M | $177K | $7.1M | $0 | — | View 990 |
| 2016 | $66K | $53K | $35K | $21K | — | — |
| 2012 | $34K | $33K | $3K | $338 | — | View 990 |
| 2011 | $35K | $36K | $3K | $398 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $407K, and assets of $24.5M (revenue +282.6% year-over-year).
- 2022: Revenue of $497K, expenses of $276K, and assets of $22.6M (revenue +90.3% year-over-year).
- 2021: Revenue of $261K, expenses of $102K, and assets of $17.7M (revenue -11.9% year-over-year).
- 2020: Revenue of $296K, expenses of $1.1M, and assets of $11.5M (revenue -27.3% year-over-year).
- 2019: Revenue of $408K, expenses of $1.0M, and assets of $10.0M (revenue -88.3% year-over-year).
- 2018: Revenue of $3.5M, expenses of $193K, and assets of $10.6M (revenue +91.9% year-over-year).
- 2017: Revenue of $1.8M, expenses of $177K, and assets of $7.1M (revenue +2675.9% year-over-year).
- 2016: Revenue of $66K, expenses of $53K, and assets of $35K (revenue +95.3% year-over-year).
- 2012: Revenue of $34K, expenses of $33K, and assets of $3K (revenue -3.9% year-over-year).
- 2011: Revenue of $35K, expenses of $36K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solutions For Veterans Inc:
Data Sources and Methodology
This transparency report for Solutions For Veterans Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.