Veterans Mental Health Professionals Oversight Act of 2010

Veterans Mental Health Professionals Oversight Act of 2010 - Directs the Inspector General of the Department of Veterans Affairs (VA) to: (1) conduct an annual review of mental health professionals employed by the VA's Veterans Health Administration (VHA); (2) report each review's results to the congressional veterans committees and the Advisory Committee on Veterans with Psychological and Mental Health Needs (Advisory Committee); and (3) submit a one-time report thereto concerning review results for FY2004-FY2009.

Establishes the Advisory Committee. Requires the Advisory Committee to report annually to the Secretary of Veterans Affairs on VA programs and activities that pertain to veterans with psychological and mental health needs.

Directs the Secretary to report to the veterans committees on chronic mental health conditions of veterans.

Requires the Secretary to: (1) study substance-use disorders among veterans; and (2) report study results to the veterans committees.

Directs the Comptroller General to: (1) assess VA progress in implementing the VHA's Mental Health Strategic Plan, as well as the status of the VHA's Uniform Mental Health Services handbook; and (2) report assessment results and any modifications to the Veterans' Equitable Resource Allocation system necessitated by the mental health needs of veterans to the Secretary and the veterans committees.