MARYLAND CENTER FOR VETERANS EDUCA… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

Alexander Whitney

Phone

4105269626

Tax Period

2023-10-01 to 2024-09-30

MARYLAND CENTER FOR VETERANS EDUCATION AND TRAINING INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $4.1M left a modest 8% surplus.

Mission

To provide extensive comprehensive services to eradicate homelessness among the military veteran community. MCVET participants work through recovery, work toward maintaining livable wages, and permanent housing solutions. The organization supports underserved sectors of the larger population to build community resilience.

Program Service Accomplishments

Program 1

Expenses: $1,920,566 Revenue: $0

MCVET has provided transitional and emergency housing programs since its inception, with a positive impact on more than 10,000 individuals. The housing program provides complex wraparound services...

MCVET has provided transitional and emergency housing programs since its inception, with a positive impact on more than 10,000 individuals. The housing program provides complex wraparound services, clothing, meals, transportation, and workforce training all within one facility. MCVET prides itself on the residential services and programs it houses.

Program 2

Expenses: $1,838,506 Revenue: $0

MCVET provides community socialization through meaningful experiences, various mental health therapies, and transportation to and from all appointments throughout the year. We utilize a fleet of five vehicles to ensure clients have the ability to accomplish their goals and tasks. MCVET provides a safe haven for veterans to receive wrap around services including hair cuts, meals, housing, socialization, and mental health supportive services.

Program 3

Expenses: $323,950 Revenue: $0

MCVET provided winter emergency shelter to more than 3000 individuals, along with more than 10,000 meals over the course of five months in partnership with the Mayor's Office of Homeless Services.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,461,999

Program Service Revenue $954,767

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,416,766

Expense Breakdown

Grants Paid $81,235

Salaries & Benefits $2,314,371

Fundraising Expenses $0

Program Expenses $4,083,022

Other Expenses $1,687,416

TOTAL EXPENSES $4,083,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,416,766	$4,994,532	-0.1%
Expenses	$4,083,022	$3,861,281	+0.1%
Net Income	$333,744	$1,133,251	-0.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

127

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

Total Directors

Key Employees

$357,704

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Misty Bruce	Executive Director	60	Key Emp Highest	$188,244	$0	$188,244
Kevin Green	Deputy Director	35.00	Key Emp	$86,055	$0	$86,055
John Caruso	Director of Resident Services	40	Key Emp	$83,405	$0	$83,405
Evelyn Gaines	President	1	Director	$0	$0	$0
Daniel Henson III	Director	1	Director	$0	$0	$0
Frankie Valez	Director	1.00	Director	$0	$0	$0
Col Walter J Mitchell Jr	Vice President	2	Director	$0	$0	$0
Michael Rutland	Vice President	3	Director	$0	$0	$0
Joseph Edmunds	Director	3	Director	$0	$0	$0
Alex Whitney	Secretary	2	Director	$0	$0	$0
Kenneth Favors	Board Member	1	Director	$0	$0	$0
Lewis Thomas	Board Member	1	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
2024	$4,416,766	$4,083,022	$3,603,386	$333,744
2023	$4,994,532	$3,861,281	$3,680,872	$1,133,251
2020	$2,862,708	$2,611,930	$2,236,298	$250,778
2019	$2,487,445	$2,692,438	$2,063,827	$-204,993
2018	$3,085,860	$3,149,779	$2,332,963	$-63,919

MARYLAND CENTER FOR VETERANS EDUCATION AND TRAINING INC