LIBERATION VETERAN SERVICES INC

EIN: 812889340 501(c)(3) Housing & Shelter

RICHMOND, VA

Total Revenue
$4,094,807
Total Expenses
$1,743,605
Total Assets
$9,941,359
Net Assets
$9,880,578
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
ALEXANDER J PATRICK
Phone
8042334064
Tax Period
2024-01-01 to 2024-12-31

LIBERATION VETERAN SERVICES INC, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $560K in total revenue in fiscal year 2018. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 30% operating margin.

Mission

OFFERS VETERANS EXPERIENCING HOMELESSNESS THE CARE , RESOURCES, AND STABILITY NEEDED TO REBUILD THEIR LIVES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,008,970
Program Service Revenue $0
Investment Income $80,354
Other Revenue $5,483
TOTAL REVENUE $4,094,807

Expense Breakdown

Grants Paid $0
Salaries & Benefits $990,205
Fundraising Expenses $175,800
Program Expenses $1,423,168
Other Expenses $753,400
TOTAL EXPENSES $1,743,605

Year-over-Year Comparison

2024 2023 Change
Revenue $4,094,807 $7,477,986 -0.5%
Expenses $1,743,605 $1,239,271 +0.4%
Net Income $2,351,202 $6,238,715 -0.6%
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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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
22
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
3
$115,754
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEGGY JACKSON TREASURER 2.00
Officer Director
$0 $0 $0
CHUCK POTTS CHAIR 2.00
Officer Director
$0 $0 $0
JOE MASLANKA BOARD MEMBER 2.00
Director
$0 $0 $0
TRAVELL TRAVIS BOARD MEMBER 2.00
Director
$0 $0 $0
MARIO WELLS BOARD MEMBER 2.00
Director
$0 $0 $0
BEN GRYCTKO BOARD MEMBER 2.00
Director
$0 $0 $0
JAY PATRICK PRESIDENT/CEO 40.00
Officer
$115,754 $0 $115,754
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 $4,094,807 $1,743,605 $9,941,359 $2,351,202
2023 $7,477,986 $1,239,271 $7,581,349 $6,238,715
2022 $1,191,376 $1,028,409 $1,338,246 $162,967
2021 $1,102,755 $843,241 $1,138,835 $259,514
2020 $1,007,511 $656,775 $882,947 $350,736
2019 $726,103 $558,723 $555,191 $167,380
2018 $559,836 $389,936 $365,382 $169,900
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