NATIONAL VETERAN BUSINESS DEVELOPMENT COUNCIL

EIN: 462033413 501(c)(3) Education

TROY, MI

Total Revenue
$1,722,329
Total Expenses
$2,094,892
Total Assets
$876,178
Net Assets
$876,178
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MI
Principal Officer
JOHN OLESON
Phone
3134466885
Tax Period
2025-01-01 to 2025-12-31

NATIONAL VETERAN BUSINESS DEVELOPMENT COUNCIL, founded in 2013, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE NATIONAL VETERAN BUSINESS DEVELOPMENT COUNCIL (NVBDC) WAS CREATED TO ACHIEVE THE FOLLOWING MISSIONS: 1. CERTIFY VETERAN OWNED BUSINESSES (VOB'S) AND SERVICE DISABLED VEETERAN OWNED BUSINESSES (SDVOB'S) THAT WISH TO DO BUSINESS WITH AMERICAN COMPANIES.

Program Service Accomplishments

Program 1
Expenses: $1,216,791 Revenue: $376,282

CREATED AND LAUNCHED CUSTOM DATA TO COMPLETE THE AUTOMATION FOR CERTIFICATION OF VETERAN OWNED BUSINESSESS (VOB'S) AND SERVICE DISABLED VETERAN OWNED BUSINESSES (SDVOB'S). CREATED AND LAUNCHED CUSTOM...

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CREATED AND LAUNCHED CUSTOM DATA TO COMPLETE THE AUTOMATION FOR CERTIFICATION OF VETERAN OWNED BUSINESSESS (VOB'S) AND SERVICE DISABLED VETERAN OWNED BUSINESSES (SDVOB'S). CREATED AND LAUNCHED CUSTOM PORTAL FOR THE CORPORATIONS TO REVIEW THE CAPABILITY STATEMENTS AND CONTACT INFORMATION OF THE VOB'S, SDVOB'S, AND TO CONTACT THEM. WE HAVE COMPLETED OVER 400 VOB'S/SDVOB'S CERTIFICATIONS INCLUDING AS REQUIRED, THE ON SITE VISITS TO CONFIRM THE INFORMATION SUBMITTED. ATTENDED MANY EVENTS, SPECIFICALLY TO DELIVER PRESENTATIONS TO VOB'S, SDVOB'S AND CORPORATIONS ON THE VALUE OF CERTIFICATIONS. CONDUCTED TWO LIVE CONFERENCES. CREATED AND PRESENTED SEVERAL WEBINARS. CREATED NEW VETERAN SCHOLARSHIP PROGRAM. CONTINUED TO UPGRADE OUR ONLINE CERTIFICATION PROGRAM AND CERTIFIED OVER 800 VOB'S TO DATE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,311,755
Program Service Revenue $376,282
Investment Income $34,292
Other Revenue $0
TOTAL REVENUE $1,722,329

Expense Breakdown

Grants Paid $34,300
Salaries & Benefits $1,039,213
Fundraising Expenses $0
Program Expenses $1,636,002
Other Expenses $1,021,379
TOTAL EXPENSES $2,094,892

Year-over-Year Comparison

2025 2024 Change
Revenue $1,722,329 $2,035,568 -0.2%
Expenses $2,094,892 $1,687,235 +0.2%
Net Income $-372,563 $348,333 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
11
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
5
$171,333
Total Directors
7
$182,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH KING CEO 55.00
Officer
$69,333 $0 $69,333
KATHRYN POYNTON DIRECTOR 30.00
Director
$56,500 $0 $56,500
ROBERT MIDDLETON TREASURER 30.00
Officer
$42,000 $0 $42,000
RICHARD MILLER PRESIDENT 40.00
Officer
$42,000 $0 $42,000
ANNETTE STEVENSON DIRECTOR 30.00
Director
$33,000 $0 $33,000
JOHN E TAYLOR DIRECTOR 35.00
Director
$32,500 $0 $32,500
JAMES COWPER DIRECTOR 30.00
Director
$30,000 $0 $30,000
SIDNEY TAYLOR DIRECTOR 35.00
Director
$30,000 $0 $30,000
JOHN OLESON SECRETARY 30.00
Officer
$18,000 $0 $18,000
DARROL BROWN SENIOR V. PR 40.00
Officer Director
$0 $0 $0
STEVE CHARLES DIRECTOR 20.00
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 $1,722,329 $2,094,892 $876,178 $-372,563
2024 $2,035,568 $1,687,235 $726,048 $348,333
2023 $1,955,493 $2,036,145 $378,098 $-80,652
2022 $1,645,249 $1,537,329 $457,409 $107,920
2021 $1,668,818 $1,676,039 $319,952 $-7,221
2021 $1,678,177 $1,719,162 $302,799 $-40,985
2020 $1,221,942 $1,202,726 $366,206 $19,216
2019 $952,586 $924,220 $313,386 $28,366
2017 $466,722 $370,426 $125,971 $96,296
2017 $466,722 $370,426 $125,971 $96,296
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