CATHOLIC WAR VETS OF THE USA 1562

EIN: 060798496

DERBY, CT

Total Revenue
$64,506
Total Expenses
$80,023
Total Assets
$340,697
Net Assets
$283,173
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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
Principal Officer
MICHAEL KASINSKAS
Phone
2036060645
Tax Period
2024-01-01 to 2024-12-31

CATHOLIC WAR VETS OF THE USA 1562, founded in 1947, is a micro nonprofit that reported $65K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $80K exceeded revenue, resulting in a 24% operating deficit.

Mission

INVOLVEMENT IN VETERAN AFFAIRS

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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 $46,925
Program Service Revenue $0
Investment Income $60
Other Revenue $17,521
TOTAL REVENUE $64,506

Expense Breakdown

Grants Paid $11,185
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,023
Other Expenses $48,902
TOTAL EXPENSES $80,023

Year-over-Year Comparison

2024 2023 Change
Revenue $64,506 $99,696 -0.4%
Expenses $80,023 $102,444 -0.2%
Net Income $-15,517 $-2,748 +4.6%
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
50
Independent Members
N/A
Employees
9
Volunteers
50

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
THOMAS VOYTEK COMMANDER 5.00
Officer
$0 $0 $0
THOMAS OWEN 1ST VICE COMM 2.00
Officer
$0 $0 $0
MICHAEL KASINSKAS 2ND VICE COMM 4.00
Officer
$0 $0 $0
MAUREEN MCDONNELL 3RD VICE COMM 2.00
Officer
$0 $0 $0
MICHAEL KASINSKAS TREASURER 8.00
Officer
$0 $0 $0
JOSEPH DELGRANDE ADJUTANT 2.00
Officer
$0 $0 $0
RICHARD KOROLYSHUN JUDGE ADVOCATE 3.00
Officer
$0 $0 $0
DENNIS SALZER OFC OF THE DAY 3.00
Officer
$0 $0 $0
BRIAN NAYLOR SERVICE OFFICER 3.00
Officer
$0 $0 $0
SUSAN STANKYE 2 YEAR TRUSTEE 3.00
Officer
$0 $0 $0
JOSEPH DELGRANDE 1 YEAR TRUSTEE 3.00
Officer
$0 $0 $0
PAUL GRAMMER 3 YEAR TRUSTEE 3.00
Officer
$0 $0 $0
PASTOR ST MICHAEL CHURCH 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 $64,506 $80,023 $340,697 $-15,517
2023 $99,696 $102,444 $324,459 $-2,748
2022 $67,765 $81,884 $325,335 $-14,119
2021 $55,643 $67,489 $345,036 $-11,846
2020 $20,817 $53,231 $323,032 $-32,414
2019 $81,868 $78,930 $349,645 $2,938
2018 $132,676 $120,428 $356,460 $12,248
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