VETERANS OF FOREIGN WARS OF THE US (EIN 042303179) - 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

1952

Legal Domicile

Principal Officer

JONATHAN D COGAN

Phone

5086681367

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS OF THE US, founded in 1952, is a small nonprofit that reported $155K in total revenue in fiscal year 2024. Expenses of $134K left a modest 13% surplus.

Mission

TO PRESERVE AND STRENGTHEN COMRADESHIP AMONG ITS MEMBERS, TO ASSIST WORTHY COMRADES, THEIR SURVIVING SPOUSES AND ORPHANS.PROCEEDS ARE DISTRIBUTED TO VARIOUS ORGANIZATIONS FOR THEIR BENEFIT, INCLUDING TOWN MONUMENTS, PARADES AND CARE OF TOWN COMMONS AND GRAVEYARDS.

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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 $9,759

Program Service Revenue $1,245

Investment Income $1,686

Other Revenue $142,622

TOTAL REVENUE $155,312

Expense Breakdown

Grants Paid $640

Salaries & Benefits $78,063

Fundraising Expenses $0

Program Expenses $130,436

Other Expenses $55,684

TOTAL EXPENSES $134,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,312	$153,532	+0.0%
Expenses	$134,387	$119,551	+0.1%
Net Income	$20,925	$33,981	-0.4%

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

$32,435

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN SMILEY	SENIOR VICE COMMANDER	2.00	Officer	$32,435	$0	$32,435
ROBERT K KELLEY	JUNIOR VICE COMMANDER	2.00	Director	$0	$0	$0
ANGELO R PALACIO	2 YEAR TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL J MERRIGAN	3 YEAR TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN D COGAN	COMMANDER	7.00	Officer	$0	$0	$0
EDWARD J FARRELL	QUARTERMASTERTREASURER	4.00	Officer	$0	$0	$0
STEVEN P KENNEY	1 YEAR TRUSTEE	2.00	Officer	$0	$0	$0
ROBERT F BOTHWELL	CHAPLAIN	2.00	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
2024	$155,312	$134,387	$386,634	$20,925
2023	$153,532	$119,551	$365,659	$33,981
2022	$161,224	$128,602	$331,778	$32,622
2021	$110,354	$80,864	$300,827	$29,490
2020	$47,989	$77,227	$270,176	$-29,238
2019	$156,714	$129,163	$302,359	$27,551
2018	$134,351	$112,719	$277,941	$21,632

VETERANS OF FOREIGN WARS OF THE US