Veterans of Foreign Wars Post 7290

EIN: 160982971

Syracuse, NY

Total Revenue
$68,829
Total Expenses
$55,944
Total Assets
$51,701
Net Assets
$10,498
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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
1950
Legal Domicile
NY
Principal Officer
Matthew Goncalves
Phone
3153807796
Tax Period
2019-07-01 to 2020-06-30

Veterans of Foreign Wars Post 7290, founded in 1950, is a micro nonprofit that reported $69K in total revenue in fiscal year 2019. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 19% operating margin.

Mission

To provide a social environment for veterans as well as support for various community organizations.

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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 (2019)

Revenue Breakdown

Contributions & Grants $17,472
Program Service Revenue $303
Investment Income $0
Other Revenue $51,054
TOTAL REVENUE $68,829

Expense Breakdown

Grants Paid $100
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $55,844
TOTAL EXPENSES $55,944

Year-over-Year Comparison

2019 2018 Change
Revenue $68,829 $38,522 +0.8%
Expenses $55,944 $66,516 -0.2%
Net Income $12,885 $-27,994 -1.5%
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
4
Independent Members
N/A
Employees
N/A
Volunteers
10

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
11
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Thornton SR Vice Commander 10.00
Officer
$0 $0 $0
Russ Sears JR Vice Commander 10.00
Officer
$0 $0 $0
Matthew Goncalves Quartermaster 10.00
Officer
$0 $0 $0
Scott Cox Commander 10.00
Officer
$0 $0 $0
Roberta Comerford Judge Advocate 3.00
Officer
$0 $0 $0
Bill Fowler Chaplain 3.00
Officer
$0 $0 $0
Terry Baker Surgeon 3.00
Officer
$0 $0 $0
Ray Persons Trustee 3.00
Officer
$0 $0 $0
Roberta Comerford Trustee 3.00
Officer
$0 $0 $0
Rob Messick Trustee 3.00
Officer
$0 $0 $0
John Schembri Adjutant 3.00
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
2020 $68,829 $55,944 $51,701 $12,885
2019 $38,522 $66,516 $27,819 $-27,994
2019 $38,522 $66,516 $27,819 $-27,994
2018 $63,333 $74,240 $60,848 $-10,907
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