Veterans Transition Network

#622 – 470 Granville Street
Vancouver, BC V6C 1V5
Executive Director: Oliver Thorne
Board Chair: Tim Laidler

Charitable Reg. #:81799 8503 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 5/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

A

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

84%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.



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OVERVIEW

About Veterans Transition Network:

Founded in 2012, Veterans Transition Network (VTN) is Canada’s only evidence-based veterans reintegration and recovery program. VTN reports that one third of Canadian veterans have difficulty transitioning to civilian life. Veterans often struggle with finding jobs, reconnecting with family, and develop issues with substance abuse. 

Recent News: Veterans Transition Network is currently fundraising to support the evacuation of Afghani people who helped the Canadian Armed Forces from 2001-2014. An ad hoc group of Canadian veterans are working to relocate these Afghans and their families to places where they can be safely extracted by the Canadian government. VTN currently estimates the cost of protecting a single family at $5,400/month. Any excess funds raised at the end of this campaign will go towards helping Afghans resettle in Canada. 

Veteran Transition Program (VTP) is VTN’s flagship program. It is a 10-day recovery program delivered over three weekends that helps veterans connect to peers, practice open communication, and develop productive plans for the future. In F2020, VTN ran VTP 6 times to help a total of 20 veterans. In past years it has reached more than 100 veterans, but VTP was cancelled for most of 2020 due to covid-19. 

To replace VTP during covid-19, VTN adapted the same clinical support to a 5-day format and called it the Transition Skills Course. This program ran 12 times in F2020 and helped 60 veterans. 

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Results and Impact

In a 2018 study from UBC, participants in the Veterans Transition Program showed a 45% drop in depressive symptoms and a 27% drop in PTSD symptoms 18 months after the end of the program. They also report a 21-37% decrease in drinking-related problems such as number of daily drinks, uncontrollable drinking, and drinking-related distress measured 12 months after the program. 

While Ci Highlights these key results they may not be a complete representation of Veterans Transition Network’s results and impact. 

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Finances

Veterans Transition Network received donations and grants of $1.6m in F2020. It also received $454k in government funding in F2020 making up 22% of total revenues. Administrative costs are 10% of revenues and fundraising costs are 6% of donations. This gives a total overhead spending of 16%. For every dollar donated, 84 cents go to the cause. 

VTN has funding reserves of $1.0m which could cover annual program costs for 1 year. 

This charity report is an update that has been sent to Veterans Transition Network for review. Comments and edits may be forthcoming. 

Published August 19, 2021 by Asha McMullin

Financial Review


Financial Ratios

Fiscal year ending December
202020192018
Administrative costs as % of revenues 10.2%11.3%9.2%
Fundraising costs as % of donations 6.1%8.3%5.5%
Total overhead spending 16.2%19.6%14.6%
Program cost coverage (%) 97.5%3.0%9.6%

Summary Financial Statements

All figures in $s
202020192018
Donations 1,628,2371,306,0851,365,819
Government funding 454,221815,000900,000
Investment income (1,836)00
Other income 9347,99413,065
Total revenues 2,081,5562,129,0792,278,884
Program costs 1,049,5642,033,2031,973,609
Administrative costs 211,378239,664208,644
Fundraising costs 99,228108,48274,570
Other costs 08490
Total spending 1,360,1702,382,1982,256,823
Cash flow from operations 721,386(253,119)22,061
Funding reserves 1,022,79860,726189,261

Note: Unrealized investment loss was included in investment income, lowering income and expenses by $2k in F2020.

Salary Information

Full-time staff: 5

Avg. compensation: $70,588

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
1
$40k - $80k
4
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.vtncanada.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604.559.8155

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