RICHARD E HOURIGAN VFW POST 594

EIN: 060621144 Public & Societal Benefit

NORWICH, CT

Total Revenue
$578,824
Total Expenses
$278,386
Total Assets
$820,492
Net Assets
$649,494
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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
1921
Legal Domicile
CT
Principal Officer
BRUCE ALLEN
Phone
8608921400
Tax Period
2024-01-01 to 2024-12-31

RICHARD E HOURIGAN VFW POST 594, founded in 1921, is a small nonprofit in the Public & Societal Benefit sector that reported $579K in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $300K, a strong 52% operating margin.

Mission

VFW

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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 (2024)

Revenue Breakdown

Contributions & Grants $392,436
Program Service Revenue $178,852
Investment Income $736
Other Revenue $6,800
TOTAL REVENUE $578,824

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $278,386
TOTAL EXPENSES $278,386

Year-over-Year Comparison

2024 2023 Change
Revenue $578,824 $235,213 +1.5%
Expenses $278,386 $249,868 +0.1%
Net Income $300,438 $-14,655 -21.5%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
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
13
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE ALLEN COMMANDER N/A
Officer
$0 $0 $0
JOHN R BLACKBURN SR. VICE COM N/A
Officer
$0 $0 $0
JOHN R BLACKBURN SURGEON N/A
Officer
$0 $0 $0
THOMAS F BROWN 1 YEAR TRUST N/A
Officer
$0 $0 $0
MICHAEL F CAVANAUGH JR. VICE COM N/A
Officer
$0 $0 $0
MICHAEL CAVANAUGH JUDGE ADVOCA N/A
Officer
$0 $0 $0
EARL COLELLA ADJUTANT N/A
Officer
$0 $0 $0
CORNELIO R HONG SERVICE OFFI N/A
Officer
$0 $0 $0
BERNARD LAVERTY 2 YEAR TRUST N/A
Officer
$0 $0 $0
SUSAN L SHAW 3 YEAR TRUST N/A
Officer
$0 $0 $0
ROBERT J STANKIEWICZ QUARTERMASTE N/A
Officer
$0 $0 $0
JOHN E WAGGONER CHAPLIN N/A
Officer
$0 $0 $0
MICHAEL J WAGGONER JUDGE ADVOCA N/A
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 $578,824 $278,386 $820,492 $300,438
2023 $235,213 $249,868 $535,016 $-14,655
2022 $220,983 $218,878 $563,054 $2,105
2021 $218,629 $239,102 $571,927 $-20,473
2020 $158,423 $186,544 $595,799 $-28,121
2019 $237,024 $247,058 $623,080 $-10,034
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