BINGHAMTON POST NO 478 VFW INC (EIN 237304485) - 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

1937

Legal Domicile

Principal Officer

MICHAEL MALINOVSKY

Phone

6072174893

Tax Period

2024-01-01 to 2024-12-31

BINGHAMTON POST NO 478 VFW INC, founded in 1937, is a micro nonprofit in the Public & Societal Benefit sector that reported $82K in total revenue in fiscal year 2024. Revenue fell 188% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE SOCIAL EVENTS TO PROMOTE FELLOWSHIP AND CAMAREDERIE.

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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 $1,406

Program Service Revenue $31,677

Investment Income $-120,750

Other Revenue $5,243

TOTAL REVENUE $-82,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,409

Other Expenses $52,296

TOTAL EXPENSES $52,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-82,424	$93,862	-1.9%
Expenses	$52,296	$111,888	-0.5%
Net Income	$-134,720	$-18,026	+6.5%

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

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
DANIEL CULLEN	SR. VICE COMMANDER	3.00	Director	$0	$0	$0
DARLENE R CROSTON	QUARTERMASTER	4.00	Officer Director	$0	$0	$0
SAL OLIVA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MALINSOVSKY	COMMANDER	10.00	Officer Director	$0	$0	$0
EUGENE KNAPP	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD LAMOREAUX	TRUSTEE	1.00	Officer Director	$0	$0	$0
ED ASHMAN	JR. VICE COMMANDER	1.00	Officer Director	$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	$-82,424	$52,296	$103,804	$-134,720
2023	$93,862	$111,888	$238,524	$-18,026
2022	$180,581	$236,262	$256,550	$-55,681
2021	$216,257	$250,129	$312,231	$-33,872
2019	$199,726	$243,813	$373,704	$-44,087
2018	$209,348	$258,041	$417,791	$-48,693

BINGHAMTON POST NO 478 VFW INC