Civic Intelligence

The Veterans Trust Inc

990 • Fiscal year 2024 • EIN 46-4677773

Jan 01, 2024 to Dec 31, 2024

2625 Sea Island DriveFort Lauderdale, FL 33301

(888) 260-8387

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

30th percentile

-6.7%

Higher net margin than 30% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

87th percentile

$25,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

32nd percentile

-10.0%

Faster asset growth than 32% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

197%

Faster revenue growth than 95% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$138,968

Down $15,946 (-10%) from 2022

Net Assets

Down

$136,222

Down $18,093 (-12%) from 2022

Liabilities

Up

$2,746

Up $2,147 (+358%) from 2022

Revenue

Up

$256,361

Up $107,341 (+72%) from 2022

Expenses

Up

$273,428

Up $162,488 (+146%) from 2022

Net Income

Down

-$17,067

Down $55,147 (-145%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2017: $103,023Net Assets 2017: $103,0232017Assets 2019: $78,116Net Assets 2019: $78,1162019Assets 2021: $116,235Liabilities 2021: $0Net Assets 2021: $116,2352021Assets 2022: $154,914Liabilities 2022: $599Net Assets 2022: $154,3152022Assets 2024: $138,968Liabilities 2024: $2,746Net Assets 2024: $136,2222024

Highlighted filing

2024

Assets$138,968
Liabilities$2,746
Net Assets$136,222

Operations Trend

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

$400K$200K$0-$200KRevenue 2017: $146,889Expenses 2017: $74,527Net Income 2017: $72,3622017Revenue 2019: $57,899Expenses 2019: $120,409Net Income 2019: -$62,5102019Revenue 2021: $363,597Expenses 2021: $382,790Net Income 2021: -$19,1932021Revenue 2022: $149,020Expenses 2022: $110,940Net Income 2022: $38,0802022Revenue 2024: $256,361Expenses 2024: $273,428Net Income 2024: -$17,0672024

Highlighted filing

2024

Revenue$256,361
Expenses$273,428
Net Income-$17,067
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 22, 2026
Return Version
2024v5.0
Gross Receipts
$256,361
Mission and Program Overview

Mission

The veterans trust (tvt) is a strategic grant-making foundation dedicated to maximize the cooperation, coordination and collaboration of existing veteran service organizations in the community. Tvt maximizes the effectiveness and efficiencies of community services and programs so we can all work together and help our military, veterans and families.

The veterans trust hosted a motorsports event during all american week for the 82nd airborne corps at ft. Liberty, nc 5/19-5/22. During this event thousands of active-duty soldiers experienced ride-alongs in race and drift cars, and competed in our race camp racing simulator competitions. Key to service - the veterans trust led a city-wide event to pay tribute to veterans and first responders who serve the broward community, and to inspire others to serve. This was done by placing two murals - one at a fire station on ft lauderdale beach boulevard, and one in terminal 2 at the fort lauderdale airport. Murals were painted by a renowned navy veteran artist.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$83,460$59,415▼ $24,045
Cash and Non-Interest-Bearing Accounts$25,314$30,280▲ $4,966
Total Assets$154,405$138,968▼ $15,437
Other Assets Total$45,631$49,273▲ $3,642
Liabilities
Accounts Payable and Accrued Expenses$1,116$2,746▲ $1,630
Total Liabilities$1,116$2,746▲ $1,630
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$153,289$136,222▼ $17,067
Total Net Assets Fund Balance$153,289$136,222▼ $17,067
Total Liabilities and Net Assets / Fund Balance$154,405$138,968▼ $15,437

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$59,415$68,477$127,892
Other Assets Org$49,273--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Fred RogerExec Dir,co-FT$25,000$25,000
Stephen KantarzeDirector-$9,500$9,500

Board Members and Trustees

NameTitle
Lee HedigerChairman, Fo
Scott BeckDirector
Stephen RubinDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$250,730
Program Service Revenue
$0
Investment Income
$3,642
Other Revenue
$1,989
All Other Contributions
$250,730
Change in Net Assets
$-17,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$238,928
Salaries, Compensation, and Employee Benefits$34,500
Total Fundraising Expense$2,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$94,425--$94,425
Current Officers, Directors, Trustees, and Key Employees$29,500$2,500$2,500$34,500
Advertising$25,795--$25,795
Travel$25,575--$25,575
Depreciation Depletion$25,553--$25,553
Office Expenses-$4,342-$4,342
Other Expenses$4,329--$4,329
All Other Expenses$1,503$1,155-$2,658
Insurance$114--$114
Total Functional Expenses$262,931$7,997$2,500$273,428
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

All board members review form 990 at board meeting and an electronic version is also sent for review.

Form 990, Page 6, Part VI, Line 12C

Policy is reviewed and discussed by board members and employees at meetings and any possible conflicts that arise are required to be disclosed.

Form 990, Page 6, Part VI, Line 15A

Reviewed and approved by chairman of the board of directors.

Form 990, Page 6, Part VI, Line 15B

Reviewed and approved by chairman of the board of directors.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
The Veterans Trust Inc
EIN
46-4677773
Phone
8882608387
Address
2625 SEA ISLAND DRIVE, FORT LAUDERDALE, FL 33301

Signing Officer

Name
Lee Hediger
Title
Chairman, Founder
Phone
8882608387
Signed
2026-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Hediger
Formed
2014
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
20

Preparer

Firm
Robbins & Moroney Pa
Address
222 SE 10TH ST, FORT LAUDERDALE, FL 33316
Preparer
Michael J Robbins
Phone
9544673100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The veterans trust (tvt) is a strategic grant-making foundation dedicated to maximize the cooperation, coordination and collaboration of existing veteran service organizations in the community. Tvt maximizes the effectiveness and efficiencies of community services and programs so we can all work together and help our military, veterans and families.

Form 990, Page 2, Part III, Line 4A

Initiated and led by veterans, the veterans trust (tvt) is committed to finding best practices in the veteran community and then funding them to satisfy the value gaps currently impacting veterans services and programs. With the ultimate goal of empowering veteran leadership, the veterans trust aims to troubleshoot and support community pillars so we work smarter, not harder and get these veterans the assistance they need. Since 2013, the veterans trust has been committed to serving the veteran community by improving self-regulatory mechanisms and performance enhancement through motorsports. Through highly unique and curated motorsport experiences, we grant service members, veterans, and first responders special access to tracks and high-performance vehicle ridealongs. The program's ultimate goal is for veterans to proactively enhance their own inner peace, and productivity and lead purposeful lives.

Form 990, Part IX, Line 11G

CONSULTANTS 94,425 0 0

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IRS990/Desc0INITIATED AND LED BY VETERANS, THE VETERANS TRUST (TVT) IS COMMITTED TO FINDING BEST PRACTICES IN THE VETERAN COMMUNITY AND THEN FUNDING THEM TO SATISFY THE VALUE GAPS CURRENTLY IMPACTING VETERANS SERVICES AND PROGRAMS. WITH THE ULTIMATE GOAL OF EMPOWERING VETERAN LEADERSHIP, THE VETERANS TRUST AIMS TO TROUBLESHOOT AND SUPPORT COMMUNITY PILLARS SO WE WORK SMARTER, NOT HARDER AND GET THESE VETERANS THE ASSISTANCE THEY NEED. SINCE 2013, THE VETERANS TRUST HAS BEEN COMMITTED TO SERVING THE VETERAN COMMUNITY BY IMPROVING SELF-REGULATORY MECHANISMS AND PERFORMANCE ENHANCEMENT THROUGH MOTORSPORTS. THROUGH HIGHLY UNIQUE AND CURATED MOTORSPORT EXPERIENCES, WE GRANT SERVICE MEMBERS, VETERANS, AND FIRST RESPONDERS SPECIAL ACCESS TO TRACKS AND HIGH-PERFORMANCE VEHICLE RIDEALONGS. THE PROGRAM'S ULTIMATE GOAL IS FOR VETERANS TO PROACTIVELY ENHANCE THEIR OWN INNER PEACE, AND PRODUCTIVITY AND LEAD PURPOSEFUL LIVES.
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IRS990/MissionDesc0THE VETERANS TRUST (TVT) IS A STRATEGIC GRANT-MAKING FOUNDATION DEDICATED TO MAXIMIZE THE COOPERATION, COORDINATION AND COLLABORATION OF EXISTING VETERAN SERVICE ORGANIZATIONS IN THE COMMUNITY. TVT MAXIMIZES THE EFFECTIVENESS AND EFFICIENCIES OF COMMUNITY SERVICES AND PROGRAMS SO WE CAN ALL WORK TOGETHER AND HELP OUR MILITARY, VETERANS AND FAMILIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE VETERANS TRUST (TVT) IS A STRATEGIC GRANT-MAKING FOUNDATION DEDICATED TO MAXIMIZE THE COOPERATION, COORDINATION AND COLLABORATION OF EXISTING VETERAN SERVICE ORGANIZATIONS IN THE COMMUNITY. TVT MAXIMIZES THE EFFECTIVENESS AND EFFICIENCIES OF COMMUNITY SERVICES AND PROGRAMS SO WE CAN ALL WORK TOGETHER AND HELP OUR MILITARY, VETERANS AND FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INITIATED AND LED BY VETERANS, THE VETERANS TRUST (TVT) IS COMMITTED TO FINDING BEST PRACTICES IN THE VETERAN COMMUNITY AND THEN FUNDING THEM TO SATISFY THE VALUE GAPS CURRENTLY IMPACTING VETERANS SERVICES AND PROGRAMS. WITH THE ULTIMATE GOAL OF EMPOWERING VETERAN LEADERSHIP, THE VETERANS TRUST AIMS TO TROUBLESHOOT AND SUPPORT COMMUNITY PILLARS SO WE WORK SMARTER, NOT HARDER AND GET THESE VETERANS THE ASSISTANCE THEY NEED. SINCE 2013, THE VETERANS TRUST HAS BEEN COMMITTED TO SERVING THE VETERAN COMMUNITY BY IMPROVING SELF-REGULATORY MECHANISMS AND PERFORMANCE ENHANCEMENT THROUGH MOTORSPORTS. THROUGH HIGHLY UNIQUE AND CURATED MOTORSPORT EXPERIENCES, WE GRANT SERVICE MEMBERS, VETERANS, AND FIRST RESPONDERS SPECIAL ACCESS TO TRACKS AND HIGH-PERFORMANCE VEHICLE RIDEALONGS. THE PROGRAM'S ULTIMATE GOAL IS FOR VETERANS TO PROACTIVELY ENHANCE THEIR OWN INNER PEACE, AND PRODUCTIVITY AND LEAD PURPOSEFUL LIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS REVIEW FORM 990 AT BOARD MEETING AND AN ELECTRONIC VERSION IS ALSO SENT FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POLICY IS REVIEWED AND DISCUSSED BY BOARD MEMBERS AND EMPLOYEES AT MEETINGS AND ANY POSSIBLE CONFLICTS THAT ARISE ARE REQUIRED TO BE DISCLOSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEWED AND APPROVED BY CHAIRMAN OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REVIEWED AND APPROVED BY CHAIRMAN OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONSULTANTS 94,425 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0256361
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IRS990/TravelGrp/TotalAmt025575
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IRS990/USAddress/AddressLine1Txt02625 SEA ISLAND DRIVE
IRS990/USAddress/CityNm0FORT LAUDERDALE
IRS990/USAddress/StateAbbreviationCd0FL
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IRS990/WebsiteAddressTxt0WWW.THEVETERANSTRUST.ORG
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LEE HEDIGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN, FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum08882608387
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE VETERANS TRUST INC
ReturnHeader/Filer/BusinessNameControlTxt0VETE
ReturnHeader/Filer/EIN0464677773
ReturnHeader/Filer/PhoneNum08882608387
ReturnHeader/Filer/USAddress/AddressLine1Txt02625 SEA ISLAND DRIVE
ReturnHeader/Filer/USAddress/CityNm0FORT LAUDERDALE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650356804
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBBINS & MORONEY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0222 SE 10TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT LAUDERDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033316
ReturnHeader/PreparerPersonGrp/PhoneNum09544673100
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J ROBBINS
ReturnHeader/ReturnTs02026-03-23T14:29:49-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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