VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF NEW YORK (EIN 222466708) - 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

1946

Legal Domicile

Principal Officer

Charles Holmberg

Phone

6078699820

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF NEW YORK, founded in 1946, is a small nonprofit that reported $113K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Net assets of $673K represent 71 months of operating reserves.

Mission

Promoting social welfare of combat veterans of the United States Armed Forces.

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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 $120

Program Service Revenue $0

Investment Income $0

Other Revenue $112,973

TOTAL REVENUE $113,093

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $70,938

Fundraising Expenses $0

Program Expenses $13,000

Other Expenses $38,794

TOTAL EXPENSES $111,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,093	$268,879	-0.6%
Expenses	$111,732	$177,748	-0.4%
Net Income	$1,361	$91,131	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Irwin	1-Year Trustee	5		$0	$0	$0
Larry Rabideau	3-Year Trustee	5		$0	$0	$0
Chuck Holmberg	Commander	20	Officer	$0	$0	$0
Kenny Fellers	Quartermaster	20	Officer	$0	$0	$0
Christopher Balch	Junior Vice Commander	5	Officer	$0	$0	$0
Tom O'Hara	Senior Vice Commander	5	Officer	$0	$0	$0
Linda Ratsep	Adjutant	10	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
2025	No data	No data	No data	No data
2024	$113,093	$111,732	$672,779	$1,361
2023	$142,839	$177,748	$596,331	$-34,909
2022	$186,594	$188,499	$631,240	$-1,905
2021	$159,033	$157,334	$59,217	$1,699
2020	$110,424	$87,785	$57,518	$22,639
2019	$149,387	$154,377	$34,879	$-4,990
2018	$182,585	$171,863	$39,869	$10,722

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF NEW YORK