VETERANS OF FOREIGN WARS DEPARTMENT OF MASSACHUSETTS (EIN 042297884) - 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

1923

Legal Domicile

Phone

9785319604

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS DEPARTMENT OF MASSACHUSETTS, founded in 1923, is a micro nonprofit that reported $71K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

Assist veterans; perpetuate the memory and history of our dead; assist their widows and orphans; foster true patriotism maintain and extend the institutions of American freedom.

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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 (2023)

Revenue Breakdown

Contributions & Grants $133

Program Service Revenue $0

Investment Income $6

Other Revenue $70,859

TOTAL REVENUE $70,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $70,998

TOTAL EXPENSES $70,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,998	$56,286	+0.3%
Expenses	$70,998	$56,286	+0.3%
Net Income	$0	$0	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Don Almeida	President	20.00	Officer	$0	$0	$0
Raymond Whitcomb	Vice President	10.00	Officer	$0	$0	$0
Joseph Cole	Secretary Treasurer	10.00	Officer	$0	$0	$0
Donald White	Trustee	2.00	Director	$0	$0	$0
Robert Dunne	Trustee	2.00	Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$70,998	$70,998	$41,231	No data
2022	$56,286	$56,286	$50,070	No data
2021	$42,332	$42,332	$56,723	No data
2020	$42,191	$42,191	$59,247	No data

VETERANS OF FOREIGN WARS DEPARTMENT OF MASSACHUSETTS