VETERENS OF FOREIGN WARS DEPARTMENT 1702 VFW-MASS (EIN 046126898) - 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

1981

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

VETERENS OF FOREIGN WARS DEPARTMENT 1702 VFW-MASS, founded in 1981, is a micro nonprofit that reported $13K in total revenue in fiscal year 2023. Revenue surged 177% from the prior year, signaling strong growth momentum. Expenses of $28K exceeded revenue, resulting in a 122% operating deficit.

Mission

DONATIONS TO OTHER VETERAN ORGANIZATIONS, YOUTH ACTIVITY GROUPS, TOWN AGENCIES AND NON PROFIT ORGANIZATIONS

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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 $578

Program Service Revenue $0

Investment Income $11,986

Other Revenue $0

TOTAL REVENUE $12,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,450

Other Expenses $27,868

TOTAL EXPENSES $27,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,564	$4,536	+1.8%
Expenses	$27,868	$30,161	-0.1%
Net Income	$-15,304	$-25,625	-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

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
EDWARD GATELY	TRUSTEE	5.00	Director	$0	$0	$0
CHRISTOPHER BYRNE	SR VICE COMMANDER	5.00	Director	$0	$0	$0
RUSSELL BOOSTROM	TRUSTEE	5.00	Director	$0	$0	$0
ROBERT E WILLIAMS	COMMANDER	5.00	Director	$0	$0	$0
DAVID F NOLAN	TREASURER	5.00	Director	$0	$0	$0
MICHAEL J WELCH	JR VICE COMMANDER	5.00	Director	$0	$0	$0
JOHN P THOMPSON	CHAPLIN	5.00	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
2024	No data	No data	No data	No data
2023	$12,564	$27,868	$606,381	$-15,304
2022	$4,536	$30,161	$556,292	$-25,625
2021	$14,927	$14,649	$668,702	$278
2020	$-3,229	$24,898	$686,933	$-28,127
2019	$676,386	$47,831	$715,060	$628,555

VETERENS OF FOREIGN WARS DEPARTMENT 1702 VFW-MASS