Veterans Transition Network

#622 – 470 Granville Street
Vancouver, BC V6C 1V5
Chief Executive Officer: Oliver Thorne
President: Gavin Dew

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.

70%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.



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OVERVIEW

About Veterans Transition Network:

Veterans Transition Network in a 5-star rated, financially transparent charity. It has a strong results reporting grade and its overhead costs are within Ci’s reasonable range. The charity has $1.1m in reserve funds, which can cover four months of annual program costs.

Founded in 2012, Veterans Transition Network (VTN) delivers Canada’s only evidence-based reintegration and recovery program. VTN reports that one third of Canadian veterans have difficulty transitioning to civilian life. The charity explains that the period after veterans leave service is critical in determining how they will readapt to society. Veterans often struggle with finding jobs, reconnecting with family, and managing symptoms of operational stress injuries, which can lead to substance abuse issues. The charity provides counselling designed specially for veterans to tackle trauma, mental health issues and ease their transition from soldier to civilian.

A Charity Intelligence 2023 Top 100 Rated Charity

In F2022, Veterans Transition Network served 160 veterans, including 70 women, through 31 counselling programs. This is the most veterans VTN has served in a year since its inception. The programs are delivered in an in-person, group-based retreat format. The programs help veterans connect to thier peers, practice communication skills, and develop productive plans for their future. Whereas the programs used to be ten days long, in F2022, the charity divided this into two five-day courses to provide more flexibility for veterans. The first course focuses on building transitional skills. The second requires the completion of the first and aims to heal traumatic memories through Therapeutic Enactment, a form of exposure therapy. 26 clinicians and over 50 peer supporters help operate these programs. In F2022, the charity offered 7,600 hours of counselling and skills development for veterans. Some program graduates choose to join VTN’s National Peer Support Team (NPST) to continue providing support to Canadian veterans. In F2022, 22 graduates joined the NPST, for a total of 56 peer supporters.

In August 2021, following the Taliban takeover in Afghanistan, Veterans Transition Network began a 30-day fundraising initiative to support the evacuation of Afghani people who helped the Canadian Armed Forces from 2001-2014. The charity worked to relocate these Afghans and their families to places where they can be safely extracted by the Canadian government. This 30-day Afghan Interpreters campaign turned into a complex operation that is still ongoing. The charity spent as much on the Afghan campaign as it did on its counselling programs in F2022, making it a key area of focus. As of December 2022, the charity reports that it supported 1,700 Afghans in safehouses, helped 120 Afghans with vital immigration support and supported the evacuation of 2,613 Afghans. In May 2022, the charity stopped accepting donations relating to this initiative, explaining that delays in government immigration processing were limiting their ability to use donor funds effectively.

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Results and Impact

In 2018, the University of British Columbia led a study evaluating the effects of Veterans Transitions Network’s programs on veterans. The study assessed 340 program participants from 62 programs and focused on metrics relating to quality of life, relationships and the ability to cope with stress. The study reports that program participants had a 24% increase in life satisfaction, a 51% decrease in depressive symptoms and a 24% increase in self esteem. It adds that veterans had a 34% increase in sleep quality and a 36% decrease in suicidal ideation post-programs.

Through its Afghan Interpreters Campaign, the charity safely evacuated 2,613 Afghan interpreters, locally employed civilians and their families.

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

This charity is not yet rated for impact (n/r).

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Finances

Veterans Transition Network is financially transparent. Its audited financial statements are publicly available on its website.

Veterans Transition Network received donations and grants of $1.9m in F2022. It also received $120k in government funding in F2022 making up 3% of total revenues. Administrative costs are 15% of revenues and fundraising costs are 16% of donations. This results in total overhead spending of 30%. For every dollar donated, 70 cents are available for programs.

VTN has reserve funds of $1.1m which could cover four months of annual program costs, demonstrating a need for funding. 

At the time of this profile update, Veterans Transition Network’s T3010 filing with the CRA is not publicly available. Hence, the most recent staff salary information is from F2021.

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

Updated August 14, 2023 by Victoria Allder.

Financial Review


Financial Ratios

Fiscal year ending December
202220212020
Administrative costs as % of revenues 14.6%3.6%10.3%
Fundraising costs as % of donations 15.6%3.7%10.5%
Total overhead spending 30.1%7.3%20.8%
Program cost coverage (%) 34.4%70.4%104.2%

Summary Financial Statements

All figures in $s
202220212020
Donations 1,948,4575,693,3231,594,529
Government funding 120,000321,958454,221
Investment income 072(1,836)
Other income 1,35252,426934
Total revenues 2,069,8096,067,7792,047,848
Program costs 3,189,2303,970,799981,851
Administrative costs 301,444215,525211,378
Fundraising costs 302,942212,596166,941
Total spending 3,793,6164,398,9201,360,170
Cash flow from operations (1,723,807)1,668,859687,678
Capital spending 000
Funding reserves 1,096,3742,794,0731,022,798

Note: Ci adjusted for deferred donations, affecting total revenues by ($1.1m) in F2022, $1.6m in F2021 and ($34k) in F2020. Ci included unrealized gain (loss) in revenues, affecting revenues and expenses by ($2k) in F2020. Ci included program revenue in government funding to reconcile government funding with what the charity reports on its T3010 filing with the CRA.

Salary Information

Full-time staff: 4

Avg. compensation: $73,113

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
3
< $40k
0

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

We greatly appreciate the ongoing support of our donors across Canada, who ensure that veterans most in need of assistance get the help they need.

Many of the veterans we support have been unable to access, or denied, government support. This means that often they cannot access mental health services, unless they pay a high cost out of pocket.

The generous funding provided by our donors ensures that our counselling and transition programs are available, free of charge, to any veteran in Canada who wants them, regardless of geography, gender, or language.

Thank you for joining our mission, and showing Canada’s veterans that they are
Nunquam Unus
(Never Alone)

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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Charitable Registration Number: 80340 7956 RR0001