VETERANS OF FOREIGN WARS OF THE US JOHN HAND-TRI COUNTY POST NO 2906

EIN: 226065356

POMPTON LAKES, NJ

Total Revenue
$17,766
Total Expenses
$19,960
Total Assets
$65,716
Net Assets
$65,716
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
NJ
Principal Officer
JOSEPH DEGROOT
Phone
9738357370
Tax Period
2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS OF THE US JOHN HAND-TRI COUNTY POST NO 2906, founded in 1932, is a micro nonprofit that reported $18K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $20K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE VFW IS A FRATERNAL, PATRIOTIC, HISTORICAL AND EDUCATIONAL ORGANIZATION, ORIGINALLY FOUNDED TO ASSIST VETERANS IN NEED, AS WELL AS THEIR WIDOWS AND FAMILIES.the organization's mission is to foster camaraderie among United States Veterans of overseas conflicts. To serve our veterans, the military, and our communities. To advocate on behalf of all veterans.Ensure that veterans are respected for their service, always receive their earned entitlements, and are recognized for the sacrifices they and their loved ones have made on behalf of this great country. OUR CORE VALUES:Always put the interests of our members first Treat donors as partners in our cause Promote patriotismHonor military serviceEnsure the care of veterans and their families Serve our communitiesPromote a positive image of the VFWRespect the diversity of veteran opinions

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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 $3,007
Program Service Revenue $0
Investment Income $0
Other Revenue $14,759
TOTAL REVENUE $17,766

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,128
Other Expenses $19,960
TOTAL EXPENSES $19,960

Year-over-Year Comparison

2024 2023 Change
Revenue $17,766 $20,958 -0.2%
Expenses $19,960 $23,509 -0.2%
Net Income $-2,194 $-2,551 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
136
Independent Members
136
Employees
N/A
Volunteers
N/A

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
7
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL BANN JR VICE COMMAND 1.00
Director
$0 $0 $0
CONNOR J OTTO SR VICE COMMAND 1.00
Director
$0 $0 $0
JOSEPH DEGROOT COMMANDER 1.00
Director
$0 $0 $0
FRANK P SORGI SURGEON 0.00
Officer
$0 $0 $0
EUGENE A HOFFMAN Trustee 1.00
Officer
$0 $0 $0
ROBERT J MCGRADY QUARTERMASTER 2.00
Officer
$0 $0 $0
JAMES E TITUS JUDGE 1.00
Officer
$0 $0 $0
WILLIAM P BASHAW 2 YR TRUSTEE 1.00
Officer
$0 $0 $0
THOMAS P FITZPATRICK 3 YR TRUSTEE 1.00
Officer
$0 $0 $0
CHAPLAIN FRANCO MUNNO CHAPLAIN 1.00
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
2024 $17,766 $19,960 $65,716 $-2,194
2023 $20,958 $23,509 $67,910 $-2,551
2022 $31,972 $24,069 $70,461 $7,903
2021 $22,130 $27,083 $62,558 $-4,953
2020 $15,794 $26,753 $67,511 $-10,959
2019 $32,419 $24,882 $78,470 $7,537
2018 $44,234 $23,654 $70,933 $20,580
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