VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF CONNECTICUT

EIN: 060575598

ROCKY HILL, CT

Total Revenue
$380,300
Total Expenses
$381,814
Total Assets
$1,810,455
Net Assets
$1,807,398
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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
1947
Legal Domicile
CT
Phone
8606162363
Tax Period
2022-07-01 to 2023-06-30

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF CONNECTICUT, founded in 1947, is a small nonprofit that reported $380K in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year. Net assets of $1.8M represent 57 months of operating reserves.

Mission

To assist disabled and needy war veterans and provide veterans with social and recreational activities, as well as sponsoring activities of a patriotic nature.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $247,861
Program Service Revenue $108,477
Investment Income $16,066
Other Revenue $7,896
TOTAL REVENUE $380,300

Expense Breakdown

Grants Paid $11,431
Salaries & Benefits $176,716
Fundraising Expenses $0
Other Expenses $99,193
TOTAL EXPENSES $381,814

Year-over-Year Comparison

2022 2021 Change
Revenue $380,300 $444,958 -0.1%
Expenses $381,814 $403,797 -0.1%
Net Income $-1,514 $41,161 -1.0%
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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Governance

Voting Members
16
Independent Members
16
Employees
4
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
5
$85,274
Total Directors
15
$120,114
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ronald Rusakiewicz State Adjutant 40.00
Officer Director
$74,874 $0 $74,874
Lee Wilson 3rd Dist Cmndr 40.00
Director
$34,840 $0 $34,840
Mario Richards Commander 5.00
Officer Director
$10,400 $0 $10,400
Robert Bailey JUDGE ADVOCATE 2.00
Director
$0 $0 $0
Rusty Meek SURGEON 2.00
Director
$0 $0 $0
Charlie Pickett 2ND Dist. CMDR 2.00
Director
$0 $0 $0
Stanley Borusiewicz Jr. Vice Cmdr 2.00
Officer Director
$0 $0 $0
Joseph Beal Chief of Staff 2.00
Officer Director
$0 $0 $0
Kenneth Hartline Chaplain 2.00
Officer Director
$0 $0 $0
John Leblanc State Inspector 2.00
Director
$0 $0 $0
John Kennedy 1st Dist Cmdr 2.00
Director
$0 $0 $0
Richard DiFederico SR Vice Cmndr 2.00
Director
$0 $0 $0
David Nelson 4th Dist Cmdr 2.00
Director
$0 $0 $0
Daniel Matthews 5th Dist Cmdr 2.00
Director
$0 $0 $0
Sheldon Potesak 6th Dist Cmdr 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 $380,300 $381,814 $1,810,455 $-1,514
2022 $444,958 $403,797 $1,730,961 $41,161
2021 $696,487 $390,525 $1,779,725 $305,962
2020 $365,377 $398,661 $1,314,170 $-33,284
2019 $451,938 $460,879 $1,332,281 $-8,941
2018 $423,242 $473,917 $1,328,419 $-50,675
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