Veterans Resource Group Inc
Veterans Resource Group Inc experiences consistent operating deficits despite revenue growth, leading to declining assets.
EIN: 208120737 · Forest Park, GA · NTEE: W01 · Updated: 2026-03-28
Is Veterans Resource Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Veterans Resource Group Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Veterans Resource Group Inc
Veterans Resource Group Inc (EIN: 208120737) is a nonprofit organization based in Forest Park, GA, classified under NTEE code W01. The organization reported total revenue of $666K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Resource Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veterans Resource Group Inc is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 35.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $576K |
| Total Expenses | $613K |
| Surplus / Deficit | $-37,266 |
| Total Assets | $16K |
| Total Liabilities | $2K |
| Net Assets | $14K |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 12.2% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2023, Veterans Resource Group Inc reported a deficit of $37K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 12.2% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Veterans Resource Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.1% | +38.5% | +110.0% |
| 2022 | +43.0% | +68.2% | -70.8% |
| 2021 | +33.8% | +35.8% | -11.7% |
| 2020 | +16.8% | +5.4% | +35160.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Resource Group Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Veterans Resource Group Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.2%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of this revenue size and suggests a volunteer-led or externally funded leadership structure.
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.
Red Flags
The following concerns were identified during AI analysis of Veterans Resource Group Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $613,297 expenses vs $576,031 revenue in 2023.
- Very low and declining net assets relative to revenue, indicating limited financial reserves ($12,482 assets vs $665,906 latest revenue).
- Significant decrease in assets from $30,324 in 2020 to $12,482 currently.
- Liabilities present in recent years ($2,000 in 2023 and 2022) without clear asset growth to cover them.
Strengths
The following positive indicators were identified for Veterans Resource Group Inc:
- Significant revenue growth over five years, from $170,621 in 2019 to $576,031 in 2023, demonstrating increasing donor support.
- Consistent reporting of 0% officer compensation, indicating resources are not being used for executive salaries.
- Focus on program delivery, as implied by the lack of executive compensation and the NTEE code.
Frequently Asked Questions about Veterans Resource Group Inc
Is Veterans Resource Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Veterans Resource Group Inc (EIN: 208120737) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Veterans Resource Group Inc spend its money?
Veterans Resource Group Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Veterans Resource Group Inc tax-deductible?
Veterans Resource Group Inc is registered as a tax-exempt nonprofit (EIN: 208120737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Veterans Resource Group Inc financially sustainable given its operating deficits?
The organization has consistently spent more than it earned in the last two reported periods (2023 and 2022), with expenses exceeding revenue by $37,266 in 2023 and $61,609 in 2022. This trend is not sustainable long-term and could deplete any remaining reserves.
What is the reason for the significant decline in assets from 2020 to 2023?
Assets have decreased from $30,324 in 2020 to $16,390 in 2023, and further to $12,482 in the latest reporting. This decline is likely due to the consistent operating deficits where expenses have outpaced revenue, forcing the organization to draw down on its limited reserves.
How does the 0% officer compensation impact the organization's operations?
While 0% officer compensation is positive for direct program spending, it raises questions about how leadership functions are compensated or sustained, especially for an organization with growing revenue. It could indicate a fully volunteer-run leadership or that compensation is covered by other means not reported as officer compensation.
What is the organization's plan to address its negative operating margins?
The filings do not provide specific plans, but the consistent deficits suggest a need for either increased revenue generation or significant cost-cutting measures to achieve financial stability and prevent further asset depletion.
Filing History
IRS 990 filing history for Veterans Resource Group Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Veterans Resource Group Inc's revenue has grown by 237.6%, moving from $171K to $576K. Total assets increased by 18958.1% over the same period, from $86 to $16K. Total functional expenses rose by 233.3%, from $184K to $613K. In its most recent filing year (2023), Veterans Resource Group Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $2K in liabilities against $16K in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $14K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $576K | $613K | $16K | $2K | — | View 990 |
| 2022 | $381K | $443K | $8K | $2K | — | — |
| 2021 | $267K | $263K | $27K | $27K | — | View 990 |
| 2020 | $199K | $194K | $30K | $21K | — | — |
| 2019 | $171K | $184K | $86 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $576K, expenses of $613K, and assets of $16K (revenue +51.1% year-over-year).
- 2022: Revenue of $381K, expenses of $443K, and assets of $8K (revenue +43.0% year-over-year).
- 2021: Revenue of $267K, expenses of $263K, and assets of $27K (revenue +33.8% year-over-year).
- 2020: Revenue of $199K, expenses of $194K, and assets of $30K (revenue +16.8% year-over-year).
- 2019: Revenue of $171K, expenses of $184K, and assets of $86.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veterans Resource Group Inc:
Data Sources and Methodology
This transparency report for Veterans Resource Group 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.