VETERANS OF FOREIGN WARS HOME ASSN

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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

JAMES MCKINLEY

Phone

5709291740

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS HOME ASSN, founded in 1946, is a micro nonprofit that reported $77K in total revenue in fiscal year 2023. Expenses of $73K left a modest 5% surplus.

Mission

VETERANS OF FOREIGN WARS HOME ASSOCIATION STRIVES TO IMPROVE THE LIVES OF VETERANS, SERVICE PERSONNEL, THEIR FAMILIES AND THE COMMUNITIES IN WHICH THEY LIVE AND WORK.

Program Service Accomplishments

Program 1

Expenses: $7,740

THE ASSOCIATION DONATES TO WORTHWHILE COMMUNITY CAUSES SUCH AS THE LOCAL FOOD PANTRY, CHILDREN EVENTS, VETERANS IN NEED, LOCAL FIRE DEPARTMENTS, CHURCHES, ETC.

Program 2

Expenses: $4,935

THE ASSOCIATION HOSTS EVENTS FOR THE COMMUNITY SUCH AS CHILDREN'S PARTIES, PARADES, MEMORIAL SALUTES TO DECEASED VETERANS, ETC.

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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 $1,168

Investment Income $0

Other Revenue $76,241

TOTAL REVENUE $77,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,713

Fundraising Expenses $0

Program Expenses $12,675

Other Expenses $61,669

TOTAL EXPENSES $73,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,409	$73,624	+0.1%
Expenses	$73,382	$60,258	+0.2%
Net Income	$4,027	$13,366	-0.7%

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
BRUCE HOOPER	1ST VICE COMMANDER	10	Director	$0	$0	$0
JAMES MCKINLEY	PRESIDENT	15	Officer	$0	$0	$0
JOHN NESGODA	VICE PRESIDENT, SECRETARY, TREASURER	15	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	$77,409	$73,382	$129,561	$4,027