Needham, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VETERANS OF FOREIGN WARS DEPARTMENT OF MASSACHUSETTS, founded in 1933, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 27% operating deficit.
VFW Post 2498 is a veterans organization that provides support to local veterans of all services, strengthens comradeship with post members, provides for patriotic activities and participates in education promoting veterans awareness issues and supports charitable activities in the community.
Services to veterans: VFW Post 2498 provides support to local veterans of all services and strengthens comradeship with post members. The post provides support to local returning veterans with...
Services to veterans: VFW Post 2498 provides support to local veterans of all services and strengthens comradeship with post members. The post provides support to local returning veterans with finding job assistance and networking with other veterans in the area. The post provides monthly dinners for veterans and post members to assist in networking with other veterans and community organizations. The post a coordination focus for veterans and local health and wellness counselling as needed. The post provides support to VA hospitals in our local area. specifically by providing activities for paraplegic veterans. The post provides visits to local nursing homes and rehabilitation centers in the community. The post provides assistance to veterans and family members with funeral services of locally deceased veterans.
Patriotic Education, veterans awareness issues, charitable service activities: The VFW Post 2498 provides education activities in the community. The post conducts local contests for high school and...
Patriotic Education, veterans awareness issues, charitable service activities: The VFW Post 2498 provides education activities in the community. The post conducts local contests for high school and middle school students (Voice of Democracy and Patriots Pen) to speak and write on a patriotic related subject as part of the national VFW program for youth education. The contestants also attend a dinner hosted by post members as recognition and receive awards. The post assists the Town of Needham with annual events organizing and participating in local Veterans Day, Memorial Day and Independence Day activities. The post provides support to the town's police and fire department honor guards. The post provides recognition to outstanding teachers in the local schools, law enforcement and first responders.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $110,225 | $163,693 | -0.3% |
| Expenses | $139,684 | $115,346 | +0.2% |
| Net Income | $-29,459 | $48,347 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ken Greene | Post Quartermaster | 10 |
Director
Key Emp
Highest
|
$500 | $0 | $500 |
| Gene Caharny | Post Commander | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Raymond | Trustee | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Tim Dooher | Trustee | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Bill Bynes | Director | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Joe Tierney | Director | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Bob Barry | Director | 1 |
Officer
Director
|
$0 | $0 | $0 |
| William Hagar | Director | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Glenn Mulno | Director | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Ted Prorok | Secretary/Director | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Charlie Wainwright | Post Vice Commander | 1 |
Officer
Key Emp
|
$0 | $0 | $0 |
| David Remsen | Post Junior Vice Commander | 1 |
Officer
|
$0 | $0 | $0 |
| Dana Stores | Trustee | 1 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $110,225 | $139,684 | $930,380 | $-29,459 |
| 2023 | $163,693 | $115,346 | $959,839 | $48,347 |
| 2022 | $123,662 | $165,735 | $911,492 | $-42,073 |
| 2021 | $228,627 | $221,965 | $953,565 | $6,662 |
| 2020 | $94,311 | $98,248 | $946,903 | $-3,937 |
| 2019 | $153,101 | $111,999 | $950,840 | $41,102 |
Compare VETERANS OF FOREIGN WARS DEPARTMENT OF MASSACHUSETTS with other nonprofits in Massachusetts and across the country.