MAGNUS VETERANS FOUNDATION
Mission Statement
At Magnus Veterans Foundation, our goal is to promote healing and restoration for veterans and their families. We may never know the true impact of war on each veteran, but we can honor our heroes by providing the resources they need to bridge the gap between service and home. Our Magnus Veterans Wellness Campus is a welcoming community of members, health specialists, and volunteers working together to provide a comprehensive approach to veteran well-being. Through our Five Performance Pillars model, we aim to understand and address the concerns of those who have served, to help restore the warrior spirit, and to ensure veterans and their families remain healthy, complete, and connected. Join us in restoring the body, heart, mind, and spirit — and helping our veterans and their families heal.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
71.1% | 84.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
28.9% | 10.9% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 12.6% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
49.3 mo | 13.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
5.8% | 1.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.8% | 93.7% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-3.1% | 7.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
30.2% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-4.2% | 3.7% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Improves health, self esteem and feeling of community | 952 | $600.00 | — | Per Month |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $947K | $986K | $4.1M | 71.1% | 6 |
| 2023 | $977K | $757K | $4.1M | 70.8% | 6 |
| 2022 | $608K | $673K | $3.9M | 40.0% | 5 |
| 2021 | $582K | $537K | N/A | — | 3 |
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