VETERANS OF FOREIGN WARS DEPT VFW MASS (EIN 041242419) - 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

1965

Legal Domicile

Principal Officer

ERNEST CARRUTHERS

Phone

6177276212

Tax Period

2024-06-01 to 2025-05-31

VETERANS OF FOREIGN WARS DEPT VFW MASS, founded in 1965, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 14% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS FRATERNAL, PATRIOTIC, HISTORICAL, CHARITABLE, AND EDUCATIONAL; TO PRESERVE AND STRENGTHEN COMRADESHIP AMONG ITS MEMBERS; TO ASSIST WORTHY COMRADES; TO PERPETUATE THE MEMORY AND HISTORY OF OUR DEAD, TO ASSIST THEIR SURVIVING SPOUSES AND ORPHAN;

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,341,323

Program Service Revenue $0

Investment Income $173,483

Other Revenue $0

TOTAL REVENUE $1,514,806

Expense Breakdown

Grants Paid $281,190

Salaries & Benefits $563,711

Fundraising Expenses $0

Program Expenses $1,029,829

Other Expenses $432,116

TOTAL EXPENSES $1,306,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,514,806	$858,558	+0.8%
Expenses	$1,306,926	$768,647	+0.7%
Net Income	$207,880	$89,911	+1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERNEST CARRUTHERS	QUARTERMASTER	24.00	Officer Director	$0	$0	$0
WILLIAM LEBEAU	ADJUTANT	40.00	Officer Director Key Emp Highest	$0	$0	$0
MIKE RAYMOND	CHIEF OF STAFF	1.00	Officer Director	$0	$0	$0
DOUG WOOD	CHAPLAIN	10.00	Officer Director	$0	$0	$0
ROBERT SANTIAGO	DISTRICT 5 COMMANDER	1.00	Officer Director	$0	$0	$0
ANDREW ROBINSON JR	DISTRICT 6 COMMANDER	5.00	Officer Director	$0	$0	$0
SCOTT DAIGNEAULT	DISTRICT 7 COMMANDER	5.00	Officer Director	$0	$0	$0
JOSEPH MCMAHON	DISTRICT 8 COMMANDER	5.00	Officer Director	$0	$0	$0
MIKE CASEY	DISTRICT 9 COMMANDER	5.00	Officer Director	$0	$0	$0
KIM EMERLING	DISTRICT 10 COMMANDER	5.00	Officer Director	$0	$0	$0
TROY HENKE	STATE SENIOR VICE COMMANDER	5.00	Officer Director	$0	$0	$0
STEPHENIE JONES	DISTRICT 12 COMMANDER	5.00	Officer Director	$0	$0	$0
JAMES WILLIAMS	DISTRICT 15 COMMANDER	5.00	Officer Director	$0	$0	$0
NORMAN PETERSON	DISTRICT 18 COMMANDER	5.00	Officer Director	$0	$0	$0
JODY FREITAS	STATE COMMANDER	5.00	Officer Director	$0	$0	$0
HEATH JOSEPH	STATE JUDGE ADVOCATE	1.00	Officer Director	$0	$0	$0
CRAIG DEOLD	STATE JUNIOR VICE COMMANDER	1.00	Officer Director	$0	$0	$0
JAMES BARRETT	DISTRICT 11 COMMANDER	1.00	Officer Director	$0	$0	$0
JOSEPH ZUSTRA	STATE SURGEON	5.00	Officer	$0	$0	$0
JAMES MORRISSEY	IMMEDIATE PAST COMMANDER	0.00		$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
2025	$1,514,806	$1,306,926	$4,433,597	$207,880
2024	$858,558	$768,647	$4,479,752	$89,911
2023	$1,179,429	$854,184	$4,465,424	$325,245
2021	$315,220	$454,193	$4,536,620	$-138,973
2020	$715,171	$757,934	$4,674,254	$-42,763
2019	$541,613	$979,790	$4,812,942	$-438,177
2018	$3,528,325	$853,031	$5,259,831	$2,675,294

VETERANS OF FOREIGN WARS DEPT VFW MASS