VETERANS OF FOREIGN WARS (EIN 232137313) - 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

1971

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS, founded in 1971, is a micro nonprofit that reported $78K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Net assets of $316K represent 49 months of operating reserves.

Mission

TO RAISE MONEY TO SUPPORT VETERANS, VETERANS CAUSES, VETERANS FAMILIES AND SUPPORT OTHER COMMUNITY 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 $1,645

Program Service Revenue $0

Investment Income $0

Other Revenue $76,174

TOTAL REVENUE $77,819

Expense Breakdown

Grants Paid $20,500

Salaries & Benefits $36,465

Fundraising Expenses $0

Program Expenses $82,353

Other Expenses $25,388

TOTAL EXPENSES $82,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,819	$41,591	+0.9%
Expenses	$82,353	$57,527	+0.4%
Net Income	$-4,534	$-15,936	-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

132

Independent Members

132

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK LANGAN	TRUSTEE	5.00	Officer	$0	$0	$0
BRUCE LATSHAW	JR VICE COMMANDER	5.00	Officer	$0	$0	$0
ROBERT MCGONIGLE Jr	CHAPLAIN	5.00	Officer	$0	$0	$0
JOHN KNOWLES	COMMANDER	5.00	Officer	$0	$0	$0
REGINALD HOLMES	TRUSTEE	5.00	Officer	$0	$0	$0
CLARESA WHITFIELD	QUARTERMASTER	5.00	Officer	$0	$0	$0
LARRY LOWMAN	SR VICE COMMANDER	5.00	Officer	$0	$0	$0
LES HORTON	TRUSTEE	5.00	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	$77,819	$82,353	$316,014	$-4,534
2022	$41,591	$57,527	$320,548	$-15,936
2021	$56,174	$30,266	$336,484	$25,908
2020	$22,097	$47,501	$310,576	$-25,404
2019	$86,482	$122,169	$335,980	$-35,687
2018	$169,590	$158,559	$371,667	$11,031

VETERANS OF FOREIGN WARS