VETERANS OF FOREIGN WARS OF THE US FAIRFIELD MEMORIAL POST 6924

EIN: 016014181

FAIRFIELD, ME

Total Revenue
$231,182
Total Expenses
$293,982
Total Assets
$428,975
Net Assets
$424,919
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
ME
Principal Officer
VIRGIL WHITNEY
Phone
2074534731
Tax Period
2018-07-01 to 2019-06-30

VETERANS OF FOREIGN WARS OF THE US FAIRFIELD MEMORIAL POST 6924, founded in 1959, is a small nonprofit that reported $231K in total revenue in fiscal year 2018. Expenses of $294K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE SERVICES AND ASSISTANCE TO THE 151 MEMBERS OF THE VETERANS OF FOREIGN WARS POST 6924. THE POST MAINTAINS A FACILITY WHERE MEMBERS AND THEIR GUESTS CAN PARTICIPATE IN SOCIAL AND RECREATIONAL ACTIVITIES. THE POST ASSISTS MEMBERS IN NEED AND HELPS TO COORDINATE MEDICAL AND OTHER SERVICES AVAILABLE TO WAR-TIME VETERANS. THE POST PARTICIPATES IN COMMUNITY ACTIVITIES INCLUDING PATRIOTIC EVENTS, AND HELPS TO SUPPORT COMMUNITY AND SCHOOL ORGANIZATIONS.

Program Service Accomplishments

Program 1

PROVIDED AND MAINTAINED THE POST PROPERTY FOR USE BY MEMBERS AND THEIR GUESTS FOR SOCIAL AND RECREATIONAL PURPOSES.

Program 2

PROVIDED COMMUNITY, EDUCATIONAL, AND CHARITABLE SUPPORT INCLUDING PARTICIPATION IN PATRIOTIC EVENTS AND PROMOTED THE PRINCIPLES OF DEMOCRACY, PATRIOTISM, AND FREEDOM WITHIN THE COMMUNITY AND THE...

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PROVIDED COMMUNITY, EDUCATIONAL, AND CHARITABLE SUPPORT INCLUDING PARTICIPATION IN PATRIOTIC EVENTS AND PROMOTED THE PRINCIPLES OF DEMOCRACY, PATRIOTISM, AND FREEDOM WITHIN THE COMMUNITY AND THE SCHOOLS.

Program 3

ASSISTED MEMBERS IN OBTAINING VETERANS' BENEFITS INCLUDING ACCESSING MEDICAL SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $579
Program Service Revenue $0
Investment Income $1,235
Other Revenue $229,368
TOTAL REVENUE $231,182

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,890
Fundraising Expenses $0
Other Expenses $201,849
TOTAL EXPENSES $293,982

Year-over-Year Comparison

2018 2017 Change
Revenue $231,182 $229,265 +0.0%
Expenses $293,982 $264,207 +0.1%
Net Income $-62,800 $-34,942 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
8
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$9,900
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMAN E MATTSON TRUSTEE 3.00
Director
$0 $0 $0
DURWOOD H BECKWITH TRUSTEE 3.00
Director
$0 $0 $0
ROBERT D HAWKINS TRUSTEE 3.00
Director
$0 $0 $0
VIRGIL D WHITNEY COMMANDER 30.00
Officer
$1,100 $0 $1,100
ARMAND J FRAPPIER SR. VICE COMMANDER 3.00
Officer
$0 $0 $0
JEFFREY A JOHNSTON JR. VICE COMMANDER 3.00
Officer
$0 $0 $0
TODD E BOOTHBY QUARTERMASTER 15.00
Officer
$8,800 $0 $8,800
ARMAND J FRAPPIER ADJUTANT 5.00
Officer
$0 $0 $0
STEPHEN G DOSTIE SERVICE OFFICER 3.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $231,182 $293,982 $428,975 $-62,800
2018 $229,265 $264,207 $491,498 $-34,942
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