VETERANS OF FOREIGN WARS HOME ASSOCIATION OF HANOVER (EIN 231182470) - 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

1934

Legal Domicile

Principal Officer

AARON J ALLEN

Phone

7176371001

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS HOME ASSOCIATION OF HANOVER, founded in 1934, is a small nonprofit that reported $731K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION RUNS A CLUB TO PROVIDE A PLACE TO MEET WITH FELLOW VETERANS AND ENJOY THEIR FRIENDSHIP AND CAMARADERIE. THE EXEMPTION FUNCTION INCOME PROVIDES FUNDS TO DONATE TO OUR POST ORGANIZATION AND NATIONAL ORGANIZATION. THESE FUNDS ARE USED BY THESE ORGANIZATIONS TO PROVIDE PROGRAMS TO ASSIST THE VETERANS OF FOREIGN WARS IN OBTAINING VARIOUS PERSONAL BENEFITS. ALSO, THERE WERE DONATIONS TO OTHER VETERAN RELATED NON-PROFIT 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $681,886

Investment Income $0

Other Revenue $49,329

TOTAL REVENUE $731,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,662

Fundraising Expenses $0

Program Expenses $724,082

Other Expenses $583,420

TOTAL EXPENSES $724,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$731,215	$648,752	+0.1%
Expenses	$724,082	$687,558	+0.1%
Net Income	$7,133	$-38,806	-1.2%

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

$300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD FREY	SECRETARY	10.00	Officer	$300	$0	$300
EDWARD HICKMAN	TRUSTEE	0.50	Director	$0	$0	$0
ERIC MCGILLVRAY	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS TAPIA	TRUSTEE	0.50	Director	$0	$0	$0
AARON J ALLEN	TREASURER	15.00	Officer	$0	$0	$0
BRIAN J COUSE	PRESIDENT	2.00	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	No data	No data	No data	No data
2023	$731,215	$724,082	$53,956	$7,133
2022	$648,752	$687,558	$44,219	$-38,806
2021	$457,778	$397,464	$87,915	$60,314
2020	$255,171	$252,718	$23,533	$2,453
2019	$322,806	$331,563	$24,772	$-8,757
2018	$285,497	$296,297	$32,725	$-10,800

VETERANS OF FOREIGN WARS HOME ASSOCIATION OF HANOVER