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Valorfit

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823984424 ✦ Winterset, IA ✦ Designated as a 501(c)(3)

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Overview

What is Valorfit?

Valorfit is a nonprofit organization, headquartered in Winterset, Iowa, that focuses on providing gym memberships to support veterans. Established in April 2018, the initiative initially assisted 30 veterans with gym access, and the number of veterans benefiting from this service increased to 91 by 2019. Regrettably, due to the impact of the COVID-19 pandemic and subsequent gym closures, the number of veterans supported decreased. Valorfit's mission is to bolster the well-being of veterans by providing them with gym memberships, thereby contributing to their overall health and morale.


Official website here: www.valorfit.org

Is Valorfit legitimate?

Valorfit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valorfit submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.valorfit.org

What is the mission statement of Valorfit?

Valorfit's mission is centered around providing financial support for gym memberships for veterans. Established in 2018, the organization initially assisted 30 veterans. This number expanded to 91 in 2019. However, the impact of Covid-19 and subsequent gym closures led to a decrease in the number of veterans benefiting from their services. In essence, Valorfit aims to contribute to the well-being of veterans by facilitating their access to gym facilities, thereby promoting their physical health and overall wellness.


Official website here: www.valorfit.org

Who is the CEO of Valorfit?

Troy Peterson is the Executive Director of Valorfit.


Official website here: www.valorfit.org

What is the revenue of Valorfit?

Valorfit's revenue in 2022 was $55,801.


Official website here: www.valorfit.org

Who are the executives of Valorfit and what are their salaries?


Here are 4 key members and their salaries:


John Hintz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Peterson (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alison Vice (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Youmans (Treasuer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.valorfit.org

Where can I find the form 990EZ for Valorfit?

Valorfit's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.valorfit.org

Learn more at the official website: www.valorfit.org

Mission Statement of Valorfit

Valorfit, a nonprofit organization, is dedicated to supporting veterans by funding their gym memberships. Established in April 2018, Valorfit began its mission by assisting 30 veterans with gym memberships in its inaugural year. The organization's outreach expanded the following year, providing gym access to 91 veterans. However, the impacts of Covid-19 and subsequent gym closures led to a decrease in the number of veterans supported. Valorfit's mission is to contribute to the well-being of veterans by providing them with the resources necessary to maintain physical fitness and overall health.

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Impact




August, 2024

Valorfit's impact is significant in supporting veterans by funding gym memberships. Since its inception in April 2018, Valorfit has provided gym memberships to veterans to help improve their physical and mental well-being. The number of veterans supported initially stood at 30 in the first year, growing to 91 in 2019. Although faced with challenges due to the Covid-19 pandemic and subsequent gym closures leading to a decrease in the number of veterans supported, Valorfit continues to make a positive difference in the lives of veterans in Winterset, IA.




This information is meant to be a general summary of Valorfit. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$55,801 (2022)
Expenses
$45,321 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $64,535

Assets and Liabilities:

  • Total Assets: $139,186
  • Total Liabilities: $0
  • Net Assets: $139,186

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Organization Details

Principal Officer

Troy Peterson

Main Address

2908 187TH ST, WINTERSET, IA, 50273

NTEE Category

Code: P01 - Human services

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