Civic Intelligence

Wisconsin Veterans Network Inc.

990 • Fiscal year 2019 • EIN 82-1043745

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 14, 2020

6317 W Greenfield AvenueWest Allis, WI 53214

(414) 257-3624

Siviq Scores

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

Liabilities / Assets

81st percentile

0.14x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

52nd percentile

4.2%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

95th percentile

$63,600

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

62nd percentile

10%

Faster asset growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

-1.3%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$106,985

Up $10,115 (+10%) from 2018

Net Assets

Up

$91,931

Up $12,743 (+16%) from 2018

Liabilities

Down

$15,054

Down $2,628 (-15%) from 2018

Revenue

Down

$302,471

Down $3,940 (-1.3%) from 2018

Expenses

Down

$289,728

Down $29,832 (-9.3%) from 2018

Net Income

Up

$12,743

Up $25,892 (+197%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $103,031Liabilities 2017: $10,694Net Assets 2017: $92,3372017Assets 2018: $96,870Liabilities 2018: $17,682Net Assets 2018: $79,1882018Assets 2019: $106,985Liabilities 2019: $15,054Net Assets 2019: $91,9312019Assets 2020: $187,205Liabilities 2020: $13,575Net Assets 2020: $173,6302020Assets 2021: $314,345Liabilities 2021: $12,884Net Assets 2021: $301,4612021Assets 2022: $272,967Liabilities 2022: $30,342Net Assets 2022: $242,6252022Assets 2024: $758,838Liabilities 2024: $15,561Net Assets 2024: $743,2772024

Highlighted filing

2019

Assets$106,985
Liabilities$15,054
Net Assets$91,931

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $195,582Expenses 2017: $103,245Net Income 2017: $92,3372017Revenue 2018: $306,411Expenses 2018: $319,560Net Income 2018: -$13,1492018Revenue 2019: $302,471Expenses 2019: $289,728Net Income 2019: $12,7432019Revenue 2020: $412,447Expenses 2020: $330,748Net Income 2020: $81,6992020Revenue 2021: $512,269Expenses 2021: $384,438Net Income 2021: $127,8312021Revenue 2022: $334,235Expenses 2022: $393,071Net Income 2022: -$58,8362022Revenue 2024: $462,596Expenses 2024: $442,360Net Income 2024: $20,2362024

Highlighted filing

2019

Revenue$302,471
Expenses$289,728
Net Income$12,743
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 14, 2020
Return Version
2019v5.0
Gross Receipts
$302,471
Mission and Program Overview

Mission

Wisconsin Veterans Network's mission is to serve the needs of veterans and their families facing crises. We accomplish that mission through a network of public, private, nonprofit and veteran service organizations, without respect to branch of service or time served.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$57,617$45,354▼ $12,263
Pledges and Grants Receivable$15,000$32,028▲ $17,028
Savings and Temporary Cash Investments$17,651$27,830▲ $10,179
Prepaid Expenses and Deferred Charges$1,504$1,513▲ $9
Accounts Receivable$5,098$260▼ $4,838
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$96,870$106,985▲ $10,115
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$17,682$15,054▼ $2,628
Total Liabilities$17,682$15,054▼ $2,628
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$45,727$67,397▲ $21,670
Net Assets With Donor Restrictions$33,461$24,534▼ $8,927
Total Net Assets Fund Balance$79,188$91,931▲ $12,743
Total Liabilities and Net Assets / Fund Balance$96,870$106,985▲ $10,115
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Quentin HatfieldExecutive DirectorFT$63,600$63,600

Board Members and Trustees

NameTitle
Dan DriscollPresident
Jean PyzykVice President
George BandaDirector
Ronald AdamsDirector
TIM O'MALLEYDirector
Michal Ann DawsonSecretary
Eric WeissTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$302,471
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$292,471
Change in Net Assets
$12,743

Audited Revenue Reconciliation

Revenue per Audited Statements
$302,471
Revenue Not Reported on Form 990
$38,400
Total Revenue per Audited Statements
$340,871
Total Revenue per Form 990
$302,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$161,015
Other Expenses$92,913
Total Fundraising Expense$46,571
Professional Fundraising Fees$35,800
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$79,609$2,440$2,004$84,053
Current Officers, Directors, Trustees, and Key Employees$60,238$1,847$1,514$63,599
Fees for Services Professional Fundraising--$35,800$35,800
Travel$19,478--$19,478
Payroll Taxes$12,656$389$318$13,363
Fees for Services Accounting-$10,362-$10,362
Occupancy$6,993$777-$7,770
Information Technology$6,825$185$197$7,207
Advertising$3,347$709$2,776$6,832
Fees for Services Other$6,366--$6,366
Office Expenses$4,457$1,039-$5,496
All Other Expenses$1,593$184$333$2,110
Insurance$1,360$453-$1,813
Other Expenses$686$739$6$1,431
Total Functional Expenses$214,063$29,094$46,571$289,728

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$328,128
Expenses per Audited Statements$289,728
Total Expenses per Form 990$289,728
Expenses Not Reported on Form 990$38,400
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$35,800
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Auditors presented the form 990 to the board at the monthly board meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Management practices an open door policy to allow access to any employee to report suspected conflict of interest. In addition, each employee has direct access to board members, with contact information, if they believe a report of a conflict is not being addressed by management correctly or sufficiently.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation is determined by the board of directors based on performance review by management: as determined by performacne against goals and recommendations of management. In addition, comparative data from other veteran service organizations for similar roles is used as a guide.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Wisconsin Veterans Network Inc
EIN
82-1043745
Phone
4142573624
Address
6317 W GREENFIELD AVENUE, WEST ALLIS, WI 53214

Signing Officer

Name
Eric Weiss
Title
Treasurer
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Weiss
Formed
2017
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
7
Employees
4
Volunteers
20

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Katy L Sommer
Phone
4142711451
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns and those expected to be taken in future tax returns. As of December 31, 2019, the Organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The Organization does not anticipate any significant changes to unrecognized income tax benefits over the next year. The Organization is currently not under any audit by any federal or state authority.

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IRS990/Desc0Intake, assessment and advocacy program: 526 veterans and veteran families were served during the year. Of that number, 123 who were homeless or facing imminent homelessness. In all, 655 distinct needs were identified and resources provided for those needs.Outreach program: In conjunction with the Regional Office of the Veterans of Foreign Wars, community senior living facilities were surveyed to identify senior citizen veterans who were eligible for VA or Wisconsin Dept. of Veteran Affairs benefits, but had never accessed those benefits. Over 100 senior citizen veterans were enrolled in benefits programs as a result of that outreach program, which will be continued into 2019.
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IRS990/OtherExpensesGrp/TotalAmt16294
IRS990/OtherExpensesGrp/TotalAmt23470
IRS990/OtherExpensesGrp/TotalAmt31431
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02004
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02440
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt079609
IRS990/OtherSalariesAndWagesGrp/TotalAmt084053
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IRS990/PayrollTaxesGrp/FundraisingAmt0318
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0389
IRS990/PayrollTaxesGrp/ProgramServicesAmt012656
IRS990/PayrollTaxesGrp/TotalAmt013363
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt015000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt032028
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01504
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01513
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IRS990/PYSalariesCompEmpBnftPaidAmt0176087
IRS990/PYTotalExpensesAmt0319560
IRS990/PYTotalRevenueAmt0306411
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0306407
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0195579
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0804457
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportTotal170Amt0391255
IRS990ScheduleA/SubstantialContributorsTotAmt0413202
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0195579
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0804457
IRS990ScheduleA/TotalSupportAmt0804457
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/RevenueSubtotalAmt0302471
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns and those expected to be taken in future tax returns. As of December 31, 2019, the Organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The Organization does not anticipate any significant changes to unrecognized income tax benefits over the next year. The Organization is currently not under any audit by any federal or state authority.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0289728
IRS990ScheduleD/TotalRevenuePerForm990Amt0302471
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0328128
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Auditors presented the form 990 to the board at the monthly board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Management practices an open door policy to allow access to any employee to report suspected conflict of interest. In addition, each employee has direct access to board members, with contact information, if they believe a report of a conflict is not being addressed by management correctly or sufficiently.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation is determined by the board of directors based on performance review by management: as determined by performacne against goals and recommendations of management. In addition, comparative data from other veteran service organizations for similar roles is used as a guide.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/StatesWhereCopyOfReturnIsFldCd0WI
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0214063
IRS990/TotalFunctionalExpensesGrp/TotalAmt0289728
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017682
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IRS990/TotalLiabilitiesGrp/EOYAmt015054
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt079188
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IRS990/TotalProgramServiceExpensesAmt0214063
IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0302471
IRS990/TotalVolunteersCnt020
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IRS990/TravelGrp/ProgramServicesAmt019478
IRS990/TravelGrp/TotalAmt019478
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

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