V N A - Community Services EIN 37-0673503 Form 990 (PDF) Claim this org

V N A - Community Services

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Helps Knox County seniors maintain and improve their quality of life with information and services. For fiscal year 2024 it reported $811K in revenue, $763K in expenses, and $653K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Galesburg, IL
Website
volunteernetworkonaging.org
Filings
5 on file (2020–2024)
Revenue
$811KFY2024
Expenses
$763K
Net assets
$653K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  37-0673503 Public charity (501(c)(3)) Galesburg, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps Knox County seniors maintain and improve their quality of life with information and services.
Leadership
Michael J Bennett · Exec Director · $82K
Money in and out
$811K revenue, $763K expenses
Bottom line
91% program efficiency
Where the money goes · FY2024
Total revenue
$811K
Pt VIII · Ln 12
Total expenses
$763K
Pt IX · Ln 25
Net assets
$653K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $48K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09 Fundraising $0.00
Program efficiency
91%
of spending reaches programs▼ -1.0% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▲ +37% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$811K
FY2024+0.2%
Expenses
$763K
FY2024▼ -0.6%
Total assets
$696K
FY2024▲ +7%
Total liabilities
$43K
FY2024▼ -14%
Total revenue
$811K
Pt VIII · Ln 12
Total expenses
$763K
Pt IX · Ln 25
Net assets
$653K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$48K
Total assetsPt X · Ln 16$696K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CV N A - Community Services
EINHdr · item D37-0673503
Principal addressHdr · item CGalesburg, IL
WebsiteHdr · item Jvolunteernetworkonaging.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1972

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Exec Director
$82,204Pt VII · Sec A
Vice Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021
Michael J Bennett$82,204$84,167$50,000
Ellen Larsen$45,190
Michael J Bennett$41,481

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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Mission & Programs · Part III

Where the work happens

2 program services account for $696K of program spending, described in the organization's own filed words · FY2023.
01

Congregate and home delivered meals for seniors in Knox County, Illinois

$514Kprogram expense
02

Information and assistance, outreach, options counceling options for senior services, medicare and health insurance counseling options and recreation for seniors in Knox County, Illinois

$181Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$774K · 95%
Other revenue$36K · 4%
Contributions & grants95%$774K
Other revenue4%$36K
Investment income$451
— government grantsLn 1e$672K
Total revenueLn 12$811K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09 Fundraising $0.00
Program services91%$696K
Management & general9%$66K
Fundraising$403
Total functional expensesLn 25$763K

Balance Sheet

Part X · end of year
CashLn 1$209K
Total assetsLn 16$696K
Total liabilitiesLn 26$43K
Total net assetsLn 32$653K
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $236K · Operating expenses/yr $763K
3.7 months
Where the money goes
Program services
Program services $696K · Total expenses $763K
91%
Management & General
Management & general $66K · Total expenses $763K
9%
Fundraising
Fundraising $403 · Total expenses $763K
0.05%
Cost to raise $1
Fundraising expense (3-yr avg) $316 · Solicited contributions (3-yr avg) $104K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $774K · Total revenue $811K
95%
Government reliance
Government grants $672K · Total revenue $811K
83%
Earned-income share
Program service revenue $0 · Total revenue $811K
0%
Investment reliance
Investment income $451 · Total revenue $811K
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $763K
0%
Growth & trend
Revenue growth (YoY)
This year $811K · Prior year $809K
+0.2%
Revenue CAGR
FY2019 $611K · FY2023 $811K
+7%
Net-asset trend (YoY)
End of year $653K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $811K · Expenses $763K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $696K
Net-asset ratio
Net assets $653K · Total assets $696K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $27K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $696K
4%
People & payroll
Highest Reported Total Compensation
Individual Michael J Bennett · Reported title Exec Director · Highest reported compensation $82K · Total expenses $763K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $317K · Total expenses $763K
42%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0.05%
Revenue growth 0.2%
Accounting fee ratio 4%

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$34K

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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
FY2024 (Latest)$811K revenue · viewing · ⤓ 990 PDF
FY2023$809K revenue · ⤓ 990 PDF
FY2022$683K revenue · ⤓ 990 PDF
FY2021$743K revenue · ⤓ 990 PDF
FY2020$611K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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