VOANS HOLDING COMPANY

EIN: 263887973 501(c)(3)

ALEXANDRIA, VA

Total Revenue
$38,899,205
Total Expenses
$35,899,227
Total Assets
$209,891,557
Net Assets
$203,156,532
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MN
Principal Officer
PETER DESJARDINS
Phone
7033415000
Tax Period
2023-07-01 to 2024-06-30

VOANS HOLDING COMPANY, founded in 2008, is a mid-sized nonprofit that reported $38.9M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $35.9M left a modest 8% surplus.

Mission

THE CORPORATION SUPPORTS THE CHARITABLE AFFORDABLE HOUSING ACTIVITIES OF VOLUNTEERS OF AMERICA, INC. AND VOLUNTEERS OF AMERICA NATIONAL SERVICES.

Program Service Accomplishments

Program 1
Expenses: $35,860,100

THE CORPORATION SUPPORTS THE CHARITABLE AFFORDABLE HOUSING ACTIVITIES OF VOLUNTEERS OF AMERICA, INC. AND VOLUNTEERS OF AMERICA NATIONAL SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30,898,129
Program Service Revenue $0
Investment Income $8,001,076
Other Revenue $0
TOTAL REVENUE $38,899,205

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $35,860,100
Other Expenses $35,899,227
TOTAL EXPENSES $35,899,227

Year-over-Year Comparison

2023 2022 Change
Revenue $38,899,205 $23,548,380 +0.7%
Expenses $35,899,227 $31,680,249 +0.1%
Net Income $2,999,978 $-8,131,869 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
13
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
13
$3,236,490
Total Directors
15
$825,085
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL W KING PRESIDENT N/A
Officer Director
$0 $179,300 $825,085
KIMBERLY KING ASST. SEC/TR N/A
Officer
$0 $72,837 $505,657
JOSEPH BUDZYNSKI ASST SEC/TRE N/A
Officer
$0 $108,473 $449,025
PAUL SOCZYNSKI ASST. SEC/TR N/A
Officer
$0 $26,987 $317,529
PETER DESJARDINS ASST. SEC/TR N/A
Officer
$0 $40,162 $298,349
NANCY GAVIN ASST. SEC/TR N/A
Officer
$0 $95,108 $275,370
DAVID NISIVOCCIA ASST. SEC/TR N/A
Officer
$0 $4,998 $220,517
DAVID PASKOFF ASST. SEC/TR N/A
Officer
$0 $17,712 $185,098
FAITH NUTZ ASST. SEC/TR N/A
Officer
$0 $20,965 $159,860
PATTI ARNOLD DIRECTOR/IMM N/A
Director
$0 $0 $0
SHAWN BLOOM DIRECTOR N/A
Director
$0 $0 $0
EDWINA CARRINGTON DIRECTOR N/A
Director
$0 $0 $0
ANDY EDEBURN SECRETARY N/A
Officer Director
$0 $0 $0
KAREN ERICKSON TREASURER N/A
Officer Director
$0 $0 $0
KAREN HACKETT DIRECTOR N/A
Director
$0 $0 $0
KEITH KNAPP DIRECTOR N/A
Director
$0 $0 $0
BETH MULLEN DIRECTOR N/A
Director
$0 $0 $0
DERRICK PERKINS VICE CHAIR N/A
Officer Director
$0 $0 $0
JEANNE PETERSEN DIRECTOR N/A
Director
$0 $0 $0
NANCY RASE CHAIRPERSON N/A
Officer Director
$0 $0 $0
PATRICK SHERIDAN DIRECTOR N/A
Director
$0 $0 $0
VORIS VIGEE DIRECTOR N/A
Director
$0 $0 $0
PIERRE VIGILANCE DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $38,899,205 $35,899,227 $209,891,557 $2,999,978
2023 $23,548,380 $31,680,249 $207,875,980 $-8,131,869
2022 $21,780,396 $8,124,201 $210,006,167 $13,656,195
2021 $56,606,557 $5,370,381 $196,294,981 $51,236,176
2020 $12,238,130 $2,908,788 $145,099,394 $9,329,342
2019 $34,026,168 $1,899,592 $135,697,843 $32,126,576
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