Returning Veterans Project EIN 20-4034255

Returning Veterans Project FY2022 filing

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Provides free, confidential health services to veterans and their families. For fiscal year 2022 it reported $733K in revenue, $383K in expenses, and $638K in net assets.Pt I

Founded
2008
Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Portland, OR
Website
www.returningveterans.org
Filings
6 on file (2020–2022)
Revenue
$733KFY2022
Expenses
$383K
Net assets
$638K
People
12
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-4034255 Public charity (501(c)(3)) Portland, OR Founded 2008
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides free, confidential health services to veterans and their families.
Leadership
Mike McCarrel · Director of Ops · $74K
Money in and out
$733K revenue, $383K expenses
Bottom line
64% program efficiency
Where the money goes · FY2022
Total revenue
$733K
Pt VIII · Ln 12
Total expenses
$383K
Pt IX · Ln 25
Net assets
$638K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $350K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.16 Fundraising $0.20
Program efficiency
64%
of spending reaches programs
Operating runway
19.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+48%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$733K
FY2022▲ +92%
Expenses
$383K
FY2022▲ +12%
Total assets
$644K
FY2022▲ +116%
Total liabilities
$6K
FY2022▼ -41%
Total revenue
$733K
Pt VIII · Ln 12
Total expenses
$383K
Pt IX · Ln 25
Net assets
$638K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$350K
Total assetsPt X · Ln 16$644K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $246K of program spending, described in the organization's own filed words · FY2022.
01

OUTREACH PROGRAMSServe as an information source for veterans and their families, professional providers, and military and community-based organizations. Outreach activities include distributing brochures, information and referral services, media interviews, and task force and panel participation.

$112Kprogram expense
02

NETWORK PROGRAMSOur Network of Board-Certified Volunteer Healthcare Practicioners provides confidential, free services to Veterans and their families. Providers include Mental Health Professionals, Acupuncturists, Naturopaths, Chiropractors, Massage Therapists, and other complementary Health Care Practitioners.

$101Kprogram expense
03

TRAINING PROGRAMSWork to educate the community through speaking engagements to raise awareness of the challenges experienced by returning veterans and their families. These programs also offer continuing education workshops to further train their volunteer health care providers.

$33Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CReturning Veterans Project
EINHdr · item D20-4034255
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.returningveterans.org
Year of formationHdr · item L2008
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W30)
Ruling yearIRS BMFJul 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director of Ops
$73,812Pt VII · Sec A
Executive Dir.
$39,127Pt VII · Sec A
Executive Dir.
$21,437Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Amy Almond-Schmid’s $108K as Executive Dir. is at the 79th percentile of top reported officer pay among 1033 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Amy Almond-Schmid$107,882$106,682$104,319$21,437
Bethany Walmsley$39,127$85,406$92,938
Mike McCarrel$80,881$78,525$71,817$73,812$52,653$56,165

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$729K · 99%
Other revenue$4K · 1%
Contributions & grants99%$729K
Other revenue1%$4K
Total revenueLn 12$733K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.16 Fundraising $0.20
Program services64%$246K
Management & general16%$61K
Fundraising20%$77K
Total functional expensesLn 25$383K

Balance Sheet

Part X · end of year
CashLn 1$613K
Total assetsLn 16$644K
Total liabilitiesLn 26$6K
Total net assetsLn 32$638K
Months of cash on handcomputed19.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $613K · Operating expenses/yr $383K
19.2 months
Where the money goes
Program services
Program services $246K · Total expenses $383K
64%
Management & General
Management & general $61K · Total expenses $383K
16%
Fundraising
Fundraising $77K · Total expenses $383K
20%
Cost to raise $1
Fundraising expense (3-yr avg) $55K · Solicited contributions (3-yr avg) $458K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $729K · Total revenue $733K
99%
Government reliance
Government grants — · Total revenue $733K
Earned-income share
Program service revenue $0 · Total revenue $733K
0%
Investment reliance
Investment income $0 · Total revenue $733K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $383K
0%
Growth & trend
Revenue growth (YoY)
This year $733K · Prior year $381K
+92%
Net-asset trend (YoY)
End of year $638K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $733K · Expenses $383K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $644K
Net-asset ratio
Net assets $638K · Total assets $644K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $644K
0%
People & payroll
Highest Reported Total Compensation
Individual Mike McCarrel · Reported title Director of Ops · Highest reported compensation $74K · Total expenses $383K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $238K · Total expenses $383K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 16%
Fundraising cost ratio 10%
Revenue growth 92%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$3K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$567K revenue · ⤓ 990 PDF
FY2024$435K revenue · ⤓ 990 PDF
FY2023$515K revenue · ⤓ 990 PDF
FY2022$733K revenue · viewing · ⤓ 990 PDF
FY2021$381K revenue · ⤓ 990 PDF
FY2020$357K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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