Adirondack VFW Post 2475 Inc

EIN: 141564954

Glens Falls, NY

Total Revenue
$121,466
Total Expenses
$100,083
Total Assets
$195,136
Net Assets
$165,107
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
NY
Principal Officer
Michael Hoag
Phone
5187640531
Tax Period
2024-01-01 to 2024-12-31

Adirondack VFW Post 2475 Inc, founded in 1932, is a small nonprofit that reported $121K in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21K, a strong 18% operating margin.

Mission

The Organization is dedicated to promoting the social welfare of its members, their families, the community and to provide assistance to needy war veterans and their families.

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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 $36,307
Program Service Revenue $0
Investment Income $0
Other Revenue $85,159
TOTAL REVENUE $121,466

Expense Breakdown

Grants Paid $15,711
Salaries & Benefits $29,093
Fundraising Expenses $0
Other Expenses $55,279
TOTAL EXPENSES $100,083

Year-over-Year Comparison

2024 2023 Change
Revenue $121,466 $63,661 +0.9%
Expenses $100,083 $86,306 +0.2%
Net Income $21,383 $-22,645 -1.9%
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
8
Independent Members
8
Employees
10
Volunteers
11

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carl M Fosco Trustee 5.00
Director
$0 $0 $0
Robert Greene Trustee 5.00
Director
$0 $0 $0
Robert Borngesser Adjutant 5.00
Officer
$0 $0 $0
Michael Hoag Commander 10.00
Officer
$0 $0 $0
James R Thompson Jr Vice Commander 5.00
Officer
$0 $0 $0
Sean Dion Quartermaster 10.00
Officer
$0 $0 $0
Jon Michael Sr Vice Commander 5.00
Officer
$0 $0 $0
James P Campinell Trustee 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 $121,466 $100,083 $195,136 $21,383
2023 $63,661 $86,306 $150,373 $-22,645
2022 $65,816 $101,280 $176,035 $-35,464
2021 $95,629 $81,829 $212,385 $13,800
2020 $66,161 $66,160 $197,520 $1
2019 $92,125 $102,612 $162,475 $-10,487
2018 $88,798 $76,359 $172,759 $12,439
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