VETERANS OF FOREIGN WARS OF THE US

EIN: 237374841

CARY, NC

Total Revenue
$264,500
Total Expenses
$142,601
Total Assets
$2,861,020
Net Assets
$2,861,020
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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
1974
Legal Domicile
NC
Principal Officer
MATTHEW F KALLIO
Phone
9194671188
Tax Period
2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS OF THE US, founded in 1974, is a small nonprofit that reported $264K in total revenue in fiscal year 2024. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $122K, a strong 46% operating margin.

Mission

Direct community involvement - Service Programs to encourage civic pride, education, promote citizenship, patriotism, and ensure availability of health care service for our nations veterans.

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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 $203,339
Program Service Revenue $0
Investment Income $7,042
Other Revenue $54,119
TOTAL REVENUE $264,500

Expense Breakdown

Grants Paid $28,267
Salaries & Benefits $40,491
Fundraising Expenses $0
Other Expenses $73,843
TOTAL EXPENSES $142,601

Year-over-Year Comparison

2024 2023 Change
Revenue $264,500 $109,888 +1.4%
Expenses $142,601 $109,371 +0.3%
Net Income $121,899 $517 +234.8%
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

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Governance

Voting Members
380
Independent Members
380
Employees
11
Volunteers
30

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
12
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW KALLIO COMMANDER 20
Officer
$0 $0 $0
JONAH ALVA SENIOR VICE COMMANDER 20
Officer
$0 $0 $0
BRAD WALKER JUNIOR VICE COMMANDER 10
Officer
$0 $0 $0
RICHARD GRIMES QUARTERMASTER 10
Officer
$0 $0 $0
GERALD ELEFANTE CHAPLAIN 5
Officer
$0 $0 $0
ALLAN THOMPSON JUDGE ADVOCATE 1
Officer
$0 $0 $0
RICHARD GRIMES ADJUTANT 30
Officer
$0 $0 $0
KEVIN SLINKMAN SURGEON 1
Officer
$0 $0 $0
LARRY DANDRIDGE SERVICE OFFICER 5
Officer
$0 $0 $0
ROBERT REDD TRUSTEE 1
Officer Director
$0 $0 $0
RUSSELL BARBER TRUSTEE 1
Officer Director
$0 $0 $0
ANDREW ZINKIEVICH TRUSTEE 1
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
2025 $264,500 $142,601 $2,861,020 $121,899
2024 $109,888 $109,371 $2,729,162 $517
2023 $113,376 $108,560 $1,817,665 $4,816
2022 $95,181 $94,790 $1,803,057 $391
2021 $61,538 $70,419 $1,812,972 $-8,881
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