Veterans Education & Research Assoc Of Northern New England Inc
Veterans Education & Research Assoc: Consistent Growth, Strong Program Focus
EIN: 223091219 · White Riv Jct, VT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.7M |
| Program Spending | 89% |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Veterans Education & Research Assoc Of Northern New England Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Veterans Education & Research Assoc Of Northern New England Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Veterans Education & Research Assoc Of Northern New England Inc
Veterans Education & Research Assoc Of Northern New England Inc (EIN: 223091219) is a nonprofit organization based in White Riv Jct, VT. The organization reported total revenue of $3.3M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Education & Research Assoc Of Northern New England Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veterans Education & Research Assoc Of Northern New England Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-284,035 |
| Total Assets | $3.4M |
| Total Liabilities | $491K |
| Net Assets | $2.9M |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 14.3% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2023, Veterans Education & Research Assoc Of Northern New England Inc reported a deficit of $284K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 14.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Veterans Education & Research Assoc Of Northern New England Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | +2.5% | -4.1% |
| 2022 | +10.9% | +12.6% | +0.7% |
| 2021 | -16.5% | +1.9% | -5.4% |
| 2020 | +59.7% | +36.4% | +23.0% |
| 2019 | +6.0% | +20.0% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Veterans Education & Research Assoc Of Northern New England Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 6%
- programs: 89%
- fundraising: 5%
According to IRS 990 filings, Veterans Education & Research Assoc Of Northern New England Inc allocates its expenses as follows: admin: 6%, programs: 89%, fundraising: 5%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $284K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.3%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summary data, preventing a specific assessment of individual salaries. However, the overall administrative expenses are a small percentage of total expenditures, suggesting efficient management.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Veterans Education & Research Assoc Of Northern New England Inc:
- Consistent revenue growth over the past seven years, from $1,381,138 in 2016 to $3,426,659 in 2023, indicates strong financial health and increasing impact.
- High percentage of spending on programs (89%) demonstrates a strong commitment to its mission.
- Low administrative and fundraising costs (6% and 5% respectively) suggest efficient operations and effective resource allocation.
- Assets consistently exceed liabilities, indicating a healthy balance sheet and financial stability.
- No reported lobbying expenses, reinforcing a direct service-oriented mission.
Frequently Asked Questions about Veterans Education & Research Assoc Of Northern New England Inc
Is Veterans Education & Research Assoc Of Northern New England Inc a legitimate charity?
Veterans Education & Research Assoc Of Northern New England Inc (EIN: 223091219) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Veterans Education & Research Assoc Of Northern New England Inc spend its money?
Veterans Education & Research Assoc Of Northern New England Inc directs 89% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Veterans Education & Research Assoc Of Northern New England Inc tax-deductible?
Veterans Education & Research Assoc Of Northern New England Inc is registered as a tax-exempt nonprofit (EIN: 223091219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Veterans Education & Research Assoc Of Northern New England Inc's spending goes to programs?
Veterans Education & Research Assoc Of Northern New England Inc directs 89% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Veterans Education & Research Assoc Of Northern New England Inc located?
Veterans Education & Research Assoc Of Northern New England Inc is headquartered in White Riv Jct, Vermont and files with the IRS under EIN 223091219.
How many years of IRS 990 filings does Veterans Education & Research Assoc Of Northern New England Inc have?
Veterans Education & Research Assoc Of Northern New England Inc has 13 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 $3.3M in total revenue.
What does Veterans Education & Research Assoc Of Northern New England Inc do?
Veterans Education & Research Assoc Of Northern New England Inc is a nonprofit organization in the Unknown sector, located in White Riv Jct, Vermont. It is classified under NTEE code Unknown.
How much revenue does Veterans Education & Research Assoc Of Northern New England Inc have?
Veterans Education & Research Assoc Of Northern New England Inc reported total revenue of $3,337,789. Based on 13 IRS 990 filings on record.
What are Veterans Education & Research Assoc Of Northern New England Inc's total assets?
Veterans Education & Research Assoc Of Northern New England Inc holds total assets of $2,815,255 as reported in IRS 990 filings.
Where is Veterans Education & Research Assoc Of Northern New England Inc located?
Veterans Education & Research Assoc Of Northern New England Inc is based in White Riv Jct, Vermont.
What is Veterans Education & Research Assoc Of Northern New England Inc's EIN?
Veterans Education & Research Assoc Of Northern New England Inc's Employer Identification Number (EIN) is 223091219. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Veterans Education & Research Assoc Of Northern New England Inc?
Veterans Education & Research Assoc Of Northern New England Inc is classified under NTEE code Unknown (Unknown).
Is Veterans Education & Research Assoc Of Northern New England Inc a registered 501(c)(3)?
Veterans Education & Research Assoc Of Northern New England Inc appears in IRS records (EIN: 223091219). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Veterans Education & Research Assoc Of Northern New England Inc file IRS Form 990?
Yes, Veterans Education & Research Assoc Of Northern New England Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Veterans Education & Research Assoc Of Northern New England Inc's revenue in 2023?
In the 202309 filing period, Veterans Education & Research Assoc Of Northern New England Inc reported total revenue of $3,426,659, total expenses of $3,710,694, and net assets of $3,425,938.
Is Veterans Education & Research Assoc Of Northern New England Inc's revenue growing or declining?
Veterans Education & Research Assoc Of Northern New England Inc's revenue is relatively stable. Revenue went from $3,386,873 (202209) to $3,426,659 (202309), a +1.2% change. Based on 13 filings on record.
What is Veterans Education & Research Assoc Of Northern New England Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Veterans Education & Research Assoc Of Northern New England Inc covers tax period 202309. It shows revenue of $3,426,659, expenses of $3,710,694, total assets of $3,425,938, and liabilities of $491,422.
How much does Veterans Education & Research Assoc Of Northern New England Inc spend on programs vs administration?
Based on IRS 990 analysis, Veterans Education & Research Assoc Of Northern New England Inc allocates approximately 89% of expenses to program services, 6% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Veterans Education & Research Assoc Of Northern New England Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Veterans Education & Research Assoc Of Northern New England Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Veterans Education & Research Assoc Of Northern New England Inc's strengths?
Positive indicators for Veterans Education & Research Assoc Of Northern New England Inc include: Consistent revenue growth over the past seven years, from $1,381,138 in 2016 to $3,426,659 in 2023, indicates strong financial health and increasing impact.. High percentage of spending on programs (89%) demonstrates a strong commitment to its mission.. Low administrative and fundraising costs (6% and 5% respectively) suggest efficient operations and effective resource allocation.. Assets consistently exceed liabilities, indicating a healthy balance sheet and financial stability.. No reported lobbying expenses, reinforcing a direct service-oriented mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Veterans Education & Research Assoc Of Northern New England Inc compensate executives?
Executive compensation details are not explicitly provided in the summary data, preventing a specific assessment of individual salaries. However, the overall administrative expenses are a small percentage of total expenditures, suggesting efficient management. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain such a low fundraising expense percentage despite consistent revenue growth?
The consistently low fundraising expense percentage (5%) alongside significant revenue growth suggests effective donor retention strategies, strong grant writing, or a reliance on stable, recurring funding sources that do not require extensive fundraising overhead. Further investigation into their funding model would be beneficial.
Given the consistent growth in revenue and assets, what specific areas of veteran education and research have seen the most expansion or new initiatives?
While the provided data confirms financial growth, it does not detail specific program expansions. The sustained increase in revenue and assets implies an ability to scale existing programs or launch new initiatives, likely in response to growing needs within the veteran community for education and research support.
Filing History
IRS 990 filing history for Veterans Education & Research Assoc Of Northern New England Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Veterans Education & Research Assoc Of Northern New England Inc's revenue has grown by 477.7%, moving from $593K to $3.4M. Total assets increased by 115.5% over the same period, from $1.6M to $3.4M. Total functional expenses rose by 454.3%, from $669K to $3.7M. In its most recent filing year (2023), Veterans Education & Research Assoc Of Northern New England Inc reported a deficit of $284K, with expenses exceeding revenue. The organization holds $491K in liabilities against $3.4M in assets (debt-to-asset ratio: 14.3%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.7M | $3.4M | $491K | — | — |
| 2022 | $3.4M | $3.6M | $3.6M | $367K | — | View 990 |
| 2021 | $3.1M | $3.2M | $3.5M | $533K | — | — |
| 2020 | $3.7M | $3.2M | $3.8M | $544K | — | View 990 |
| 2019 | $2.3M | $2.3M | $3.0M | $366K | — | View 990 |
| 2018 | $2.2M | $1.9M | $2.9M | $264K | — | View 990 |
| 2017 | $1.7M | $1.6M | $2.6M | $205K | — | View 990 |
| 2016 | $1.4M | $1.3M | $2.5M | $201K | — | View 990 |
| 2015 | $1.5M | $1.0M | $2.4M | $264K | — | View 990 |
| 2014 | $812K | $771K | $2.1M | $455K | — | View 990 |
| 2013 | $821K | $784K | $1.8M | $239K | — | View 990 |
| 2012 | $740K | $618K | $1.6M | $93K | — | View 990 |
| 2011 | $593K | $669K | $1.6M | $129K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.7M, and assets of $3.4M (revenue +1.2% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.6M, and assets of $3.6M (revenue +10.9% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.2M, and assets of $3.5M (revenue -16.5% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.2M, and assets of $3.8M (revenue +59.7% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $3.0M (revenue +6.0% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.9M, and assets of $2.9M (revenue +23.5% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $2.6M (revenue +26.5% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $2.5M (revenue -9.1% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.0M, and assets of $2.4M (revenue +87.1% year-over-year).
- 2014: Revenue of $812K, expenses of $771K, and assets of $2.1M (revenue -1.1% year-over-year).
- 2013: Revenue of $821K, expenses of $784K, and assets of $1.8M (revenue +10.9% year-over-year).
- 2012: Revenue of $740K, expenses of $618K, and assets of $1.6M (revenue +24.8% year-over-year).
- 2011: Revenue of $593K, expenses of $669K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veterans Education & Research Assoc Of Northern New England Inc:
Data Sources and Methodology
This transparency report for Veterans Education & Research Assoc Of Northern New England 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.