MT CARMEL VETERANS SERVICE CENTER

EIN: 811652178 501(c)(3) Employment

COLORADO SPRINGS, CO

Total Revenue
$4,202,758
Total Expenses
$4,193,445
Total Assets
$2,477,325
Net Assets
$1,884,215
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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
2016
Legal Domicile
CO
Principal Officer
GINA CIMINO
Phone
7193094725
Tax Period
2024-04-01 to 2025-03-31

MT CARMEL VETERANS SERVICE CENTER, founded in 2016, is a community nonprofit in the Employment sector that reported $4.2M in total revenue in fiscal year 2024.

Mission

TO COLLABORATE WITH COMMUNITY PARTNERS PROVIDING BEST PRACTICES IN TRANSITION AND WELLNESS FOR VETERANS, MILITARY AND THEIR FAMILIES BY DELIVERING EXPERTISE, RESOURCES, SPACE AND SUSTAINABILITY. THIS IS ACCOMPLISHED BY PROVIDING A ONE-STOP SHOP FOR A VARIETY OF SERVICES SUCH AS BEHAVIORAL HEALTH COUNSELING, EMPLOYMENT AND TRANSITION SUPPORT, JOB PLACEMENT AND INTERNSHIPS, BENEFIT SUPPORT, HOUSING ASSISTANCE, FINANCIAL COACHING, AND LEGAL AND EDUCATION ASSISTANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,912,582
Program Service Revenue $372,334
Investment Income $43,326
Other Revenue $-125,484
TOTAL REVENUE $4,202,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,514,129
Fundraising Expenses $458,804
Program Expenses $3,519,416
Other Expenses $1,668,998
TOTAL EXPENSES $4,193,445

Year-over-Year Comparison

2024 2023 Change
Revenue $4,202,758 $4,136,534 +0.0%
Expenses $4,193,445 $3,907,068 +0.1%
Net Income $9,313 $229,466 -1.0%
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
5
Independent Members
5
Employees
60
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GINA M CIMINO PRESIDENT/TRUSTEE 10.00
Officer Director
$0 $0 $0
GREG GARCIA TRUSTEE 2.00
Director
$0 $0 $0
DAVE PALENCHAR TRUSTEE 2.00
Director
$0 $0 $0
TERRANCE MCWILLIAMS TRUSTEE 2.00
Director
$0 $0 $0
TIM LAMB TRUSTEE 2.00
Director
$0 $0 $0
ROBERT MCLAUGHLIN EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
KIMBERLY SHELTON SECRETARY 2.00
Officer
$0 $0 $0
MARCIA MITCHELL TREASURER 20.00
Officer
$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 $4,202,758 $4,193,445 $2,477,325 $9,313
2024 $4,136,534 $3,907,068 $2,586,630 $229,466
2023 $3,406,347 $3,329,136 $2,359,471 $77,211
2022 $3,064,131 $2,723,383 $1,750,141 $340,748
2021 $2,889,202 $2,241,823 $1,381,699 $647,379
2020 $1,867,770 $1,841,615 $705,300 $26,155
2019 $1,693,121 $1,650,050 $798,750 $43,071
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