MARYLAND CENTER FOR VETERANS EDUCATION AND TRAINING INC

EIN: 521815710 501(c)(3) Housing & Shelter

Baltimore, MD

Total Revenue
$4,416,766
Total Expenses
$4,083,022
Total Assets
$3,603,386
Net Assets
$3,182,535
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MD
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

The primary mission of the organization is to provide homeless veterans, and other veterans in need, with comprehensive services that will enable them to rejoin their communities as productive citizens. Through community partnerships and specialized programming, the Maryland Center for Veterans Education and Training offers supportive services to other sectors of the community; thus, promoting enhanced individual and community resilience.

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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 $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
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
85
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
0
$0
Total Directors
9
$0
Key Employees
3
$357,704
Highest Compensated
1
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
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