Civic Intelligence

Vetsports

990EZ • Fiscal year 2017 • EIN 46-0560244

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 06, 2018

150 Morningside Drive SEGrand Rapids, MI 49506

(616) 881-6136

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

28th percentile

-6.6%

Higher net margin than 28% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

37th percentile

-6.8%

Faster revenue growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$42,836

Up $29,589 (+223%) from 2015

Net Assets

Up

$42,766

Up $31,149 (+268%) from 2015

Liabilities

Down

$70

Down $1,560 (-96%) from 2015

Revenue

Down

$151,010

Down $1,183 (-0.8%) from 2015

Expenses

Down

$160,938

Down $24,902 (-13%) from 2015

Net Income

Up

-$9,928

Up $23,719 (+70%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2012: $4,943Liabilities 2012: $0Net Assets 2012: $4,9432012Assets 2013: $43,108Liabilities 2013: $0Net Assets 2013: $43,1082013Assets 2014: $47,040Liabilities 2014: $1,777Net Assets 2014: $45,2632014Assets 2015: $13,247Liabilities 2015: $1,630Net Assets 2015: $11,6172015Assets 2017: $42,836Liabilities 2017: $70Net Assets 2017: $42,7662017Assets 2018: $21,270Liabilities 2018: $0Net Assets 2018: $21,2702018Assets 2019: $1,988Liabilities 2019: $0Net Assets 2019: $1,9882019Assets 2020: $22,339Liabilities 2020: $0Net Assets 2020: $22,3392020Assets 2021: $18,807Liabilities 2021: $0Net Assets 2021: $18,8072021Assets 2022: $66,776Liabilities 2022: $0Net Assets 2022: $66,7762022Assets 2024: $24,865Liabilities 2024: $0Net Assets 2024: $24,8652024

Highlighted filing

2017

Assets$42,836
Liabilities$70
Net Assets$42,766

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2012: $8,9992012Revenue 2013: $110,869Expenses 2013: $75,381Net Income 2013: $35,4882013Revenue 2014: $128,772Expenses 2014: $123,898Net Income 2014: $4,8742014Revenue 2015: $152,193Expenses 2015: $185,840Net Income 2015: -$33,6472015Revenue 2017: $151,010Expenses 2017: $160,938Net Income 2017: -$9,9282017Revenue 2018: $145,988Expenses 2018: $167,484Net Income 2018: -$21,4962018Revenue 2019: $134,366Expenses 2019: $153,648Net Income 2019: -$19,2822019Revenue 2020: $115,599Expenses 2020: $95,248Net Income 2020: $20,3512020Revenue 2021: $139,141Expenses 2021: $142,673Net Income 2021: -$3,5322021Revenue 2022: $283,721Expenses 2022: $235,752Net Income 2022: $47,9692022Revenue 2024: $125,830Expenses 2024: $119,075Net Income 2024: $6,7552024

Highlighted filing

2017

Revenue$151,010
Expenses$160,938
Net Income-$9,928
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 6, 2018
Return Version
2017v2.2
Gross Receipts
$151,010
Mission and Program Overview

Mission

To help wounded veterans overcome their injuries through

VETSports Sch O

Program Services

DescriptionGrantsExpenses
VETSports has 18 chapters in the US and over 1000 vets participated in activities such as softball golf football volleyball hockey and running$1,100$153,777
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony PrincipiDirector-$0--
Dan LiedtkeDirector-$0--
Ed MeagherDirector-$0--
Lisa SchlosserDirector-$0--
Steven VanRoekelDirector-$0--
Randy TharpPresidentPT$0--
Taylor UrruelaVice President-$0--
Filing and Contact Details

Filer

Filer Name
Vetsports Incorporated
EIN
46-0560244
Address
150 Morningside Drive SE, Grand Rapids, MI 49506

Signing Officer

Name
Randy Tharp
Title
President
Phone
6168816136
Signed
2018-08-06
Discuss with paid preparer
Yes

Preparer

Firm
James H Quist CPA PLC
Address
2425 Avon Ave SW, Wyoming, MI 49519
Preparer
James H Quist CPA
Phone
6164435344
Supplemental Narrative

Additional Explanations

General explanation attachment

Part III - The primary purpose of VETSports is to improve our veterans physical, mental and emotional health through sports, physical activity and community involvement.

List of grants and similar amounts paid Part I line 10

Activity Grant Relationship none Amount 1,100

Description of other expenses Part I line 16

Description AmountAdvertising 2,549Office expenses/credit card fees 4,024Meetings 1,600Insurance 315Veteran programs and awards 141,165Uniforms 1,473Travel 4,100

Description of other assets Part II line 24

Category Beginning of Year End of YearAccounts Receivable 7,950 0

Description of total liabilities Part II line 26

Category Beginning of Year End of YearAccounts Payable 0 70

Raw XML Appendix168 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of total liabilities Part II line 26
ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/Filer/EIN0460560244
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ReturnHeader/FilingSecurityInformation/IPDt02018-08-06
ReturnHeader/FilingSecurityInformation/IPTm014:23:18
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-08-06T14:09:41-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings