VETERANS OF FOREIGN WARS OF THE US FAIRFIELD MEMORIAL POST 6924 (EIN 016014181) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

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 ASSISTANCE TO MEMBERS INCLUDING ACCESSING MEDICAL SERVICES AND TO PROVIDE FACILITIES FOR SOCIAL AND RECREATIONAL PURPOSES FOR MEMBERS AND THEIR GUESTS.

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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%)

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$9,900

Total Directors

Key Employees

Highest Compensated

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

VETERANS OF FOREIGN WARS OF THE US FAIRFIELD MEMORIAL POST 6924