VETERANS OF FOREIGN WARS POST 1979

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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

1951

Legal Domicile

Principal Officer

ELDRED MATHIEU

Phone

2038796891

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS POST 1979, founded in 1951, is a small nonprofit that reported $149K in total revenue in fiscal year 2024. Expenses of $136K left a modest 9% surplus.

Mission

VETERANS ORGANIZATION THE MISSION IS TO PROMOTE AMERICANISM, PROVIDE SOCIAL ACTIVITIES AMONG MEMBERS, SPONSOR YOUTH ACTIVITIES, CONDUCT PATRIOTIC CEREMONIES

Program Service Accomplishments

Program 1

Expenses: $50,872 Revenue: $98,087

BAR REVENUE AND EXPENSES ACHIEVE THE EXEMPT PURPOSE THROUGH PROVIDING SOCIAL ACTIVITIES FOR THE MEMBERS.

Program 2

Expenses: $63,037 Revenue: $34,820

FACILITY RENTAL ACHIEVES THE EXEMPT PURPOSE THROUGH PROVIDING SOCIAL ACTIVITIES FOR THE MEMBERS.

Program 3

Revenue: $5,310

DINNER REVENUE ACHIEVES THE EXEMPT PURPOSE THROUGH PROVIDING SOCIAL ACTIVITIES FOR THE MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,637

Program Service Revenue $141,977

Investment Income $738

Other Revenue $4,268

TOTAL REVENUE $148,620

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $28,279

Fundraising Expenses $0

Program Expenses $114,535

Other Expenses $105,145

TOTAL EXPENSES $135,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,620	$147,236	+0.0%
Expenses	$135,970	$129,916	+0.0%
Net Income	$12,650	$17,320	-0.3%

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

119

Independent Members

119

Employees

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
THOMAS GRIFFIN	COMMANDER	8.00	Officer	$0	$0	$0
ELDRED MATHEIU	SR VICE COMMANDER	15.00	Officer	$0	$0	$0
PAUL GALLUCCI	JR VICE COMMANDER	20.00	Officer	$0	$0	$0
ANTHONY MARINO	QUARTERMASTER	10.00	Officer	$0	$0	$0
STEVE JUNKO	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES PHILIPPONE	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH PEARSON	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY MARINO	QUARTERMASTER	10.00		$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	$148,620	$135,970	$175,594	$12,650
2024	$147,236	$129,916	$187,620	$17,320
2023	$128,510	$125,002	$186,678	$3,508
2022	$138,094	$108,791	$197,402	$29,303
2021	$91,859	$71,969	$184,175	$19,890