VETERANS OF FOREIGN WARS DEPARTMENT OF NEW JERSEY (EIN 210586655) - Form 990 Financial Analysis & Trantor Score

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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

1945

Legal Domicile

Principal Officer

KEN HAGEMANN

Phone

6093931929

Tax Period

2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS DEPARTMENT OF NEW JERSEY, founded in 1945, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 200% from the prior year, signaling strong growth momentum. The organization ran a surplus of $925K, a strong 40% operating margin.

Mission

PROVIDE SERVICES, ASSISTANCE AND RECOGNITION TO VETERANS OF FOREIGN WARS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $878,869

Program Service Revenue $319,083

Investment Income $75,468

Other Revenue $1,023,108

TOTAL REVENUE $2,296,528

Expense Breakdown

Grants Paid $13,350

Salaries & Benefits $501,271

Fundraising Expenses $46,043

Program Expenses $979,780

Other Expenses $856,569

TOTAL EXPENSES $1,371,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,296,528	$765,200	+2.0%
Expenses	$1,371,190	$970,866	+0.4%
Net Income	$925,338	$-205,666	-5.5%

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

Governance

Voting Members

Independent Members

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

$93,506

Total Directors

$93,506

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN HAGEMANN	ADJUTANT & QUARTERMASTER	35.00	Officer Director	$44,166	$406	$44,572
LUDDIE AUSTIN	SR. VICE COMMANDER & LEGISLATIVE CHAIRMAN	10.00	Officer Director	$0	$0	$0
JAY BOXWELL JR	PAST DEPARTMENT COMMANDER	10.00	Officer Director	$0	$0	$0
BRIAN WIENER	CHIEF OF STAFF	10.00	Officer Director	$0	$0	$0
ROBERT WEISS	STATE SERVICE OFFICER	35.00	Officer Director	$48,934	$0	$48,934
JONATHAN S HINKER	JR. VICE COMMANDER	10.00	Officer Director	$0	$0	$0
FILIPE OLIVEIRA	CHAIRMAN	10.00	Director	$0	$0	$0
KENNETH EITH	CHAIRMAN	10.00	Director	$0	$0	$0
ROBERT LOOBY	HOMELESS VETERANS CHAIRMAN	10.00	Director	$0	$0	$0
JEFF WALDING	COMMANDER	10.00	Officer Director	$0	$0	$0
JOSEPH A ORLANDO	OFFICER OF THE DAY	10.00	Officer Director	$0	$0	$0
ARTHUR RHINESMITH	DISTRICT 1 COMMANDER	10.00	Director	$0	$0	$0
PAUL THOMPSON	CHAPLAIN	10.00	Director	$0	$0	$0
DEREK L FARTHING	DISTRICT 3 COMMANDER	10.00	Director	$0	$0	$0
THOMAS BUCCA	DISTRICT 4 COMMANDER	10.00	Director	$0	$0	$0
ANDREW A R BURNS	DISTRICT 5 COMMANDER	10.00	Director	$0	$0	$0
FRANK CANNON	DISTRICT 6 COMMANDER	10.00	Director	$0	$0	$0
DANIEL P WINE	DISTRICT 7 COMMANDER	10.00	Director	$0	$0	$0
KEN DURKIN	DISTRICT 8 COMMANDER	10.00	Director	$0	$0	$0
KENNETH HANZL	DISTRICT 10 COMMANDER	10.00	Director	$0	$0	$0
MARK PRESTON	DISTRICT 11 COMMANDER	10.00	Director	$0	$0	$0
BARBARA A HAGEMANN	CHAIRMAN	10.00	Director	$0	$0	$0
KEVIN MCELROY	SURGEON	10.00	Officer Director	$0	$0	$0
JAMES WISOR JR	DISTRICT 15 COMMANDER	10.00	Director	$0	$0	$0
RICHARD SHANAHAN	DISTRICT 2 COMMANDER	10.00	Director	$0	$0	$0
BILL HOWARD	DISTRICT 17 COMMANDER	10.00	Director	$0	$0	$0
GEORG HAMBACH	CHAIRMAN & DISTRICT 19 COMMANDER	10.00	Director	$0	$0	$0
FRANKLIN SMITH	DISTRICT 21 COMMANDER	10.00	Director	$0	$0	$0
MICHAEL DEVINE	VETERANS & MILITARY SUPPOR	10.00	Officer Director	$0	$0	$0
JUAN R CLASS	INSPECTOR	10.00	Officer Director	$0	$0	$0
HARRY YOUNG	DISTRICT 12 COMMANDER	10.00	Director	$0	$0	$0
KARA KAUFFMAN	DISTRICT 13 COMMANDER	10.00	Director	$0	$0	$0
BRIAN GREEN	DISTRICT 18 COMMANDER	10.00	Director	$0	$0	$0
LENNY HENNIG	CHAIRMAN	10.00	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
2025	No data	No data	No data	No data
2024	$2,296,528	$1,371,190	$2,744,909	$925,338
2023	$765,200	$970,866	$1,622,437	$-205,666
2022	$746,968	$866,565	$1,693,113	$-119,597
2021	$797,033	$761,931	$1,939,302	$35,102
2020	$1,102,280	$841,103	$1,905,718	$261,177
2019	$726,263	$732,651	$1,635,770	$-6,388
2018	$785,101	$829,868	$1,621,027	$-44,767

VETERANS OF FOREIGN WARS DEPARTMENT OF NEW JERSEY