VETERANS OF FOREIGN WARS POST 7043

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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

1953

Legal Domicile

Principal Officer

BRIAN PEACOCK

Phone

8146725968

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS POST 7043, founded in 1953, is a small nonprofit that reported $179K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $200K exceeded revenue, resulting in a 12% operating deficit.

Mission

112942TO PROVIDE SOCIAL AND BENEVOLENT SERVICES TO VETERANS OF FOREIGN WARS

Program Service Accomplishments

Program 1

Expenses: $179,462 Revenue: $174,074

OPERATION OF SOCIAL QUARTERS (CANTEEN) FOR FRATERNAL MEETINGS AND GATHERINGS OF VETERANS AND THEIR FAMILIES. ENTERTAINMENT AND GAMING ACTIVITIES ARE PROVIDED FOR AMUSEMENT AND SOCIAL INTERACTION.

Program 2

COMMUNITY INVOLVEMENT BY WAY OF CONTRIBUTIONS TO YOUTH SPORTS ACTIVITIES, VETERAN ORGANIZATIONS AND MEMORIAL PROGRAMS.

Program 3

VETERAN BENEVOLENCE IN PROVIDING MILITARY MEMORIAL SERVICES FOR DECEASED SERVICE MEMBERS AND THEIR FAMILIES.

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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 $4,921

Program Service Revenue $2,229

Investment Income $2

Other Revenue $171,843

TOTAL REVENUE $178,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,690

Fundraising Expenses $0

Program Expenses $179,462

Other Expenses $110,344

TOTAL EXPENSES $200,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,995	$200,331	-0.1%
Expenses	$200,371	$183,034	+0.1%
Net Income	$-21,376	$17,297	-2.2%

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

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
BRIAN PEACOCK	POST COMMANDER	2.00	Officer	$0	$0	$0
JEFF GRIMES	SENIOR VICE PRESIDENT	2.00	Officer	$0	$0	$0
MIKE IVORY	JUNION VICE PRESIDENT	2.00	Officer	$0	$0	$0
KURT SHINGLEDECKER	QUARTERMASTER	2.00	Officer	$0	$0	$0
MIKE BAKER	ADJUTANT	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	$178,995	$200,371	$500,817	$-21,376
2022	$200,331	$183,034	$521,693	$17,297
2021	$178,012	$156,869	$504,520	$21,143
2020	$147,009	$177,854	$483,266	$-30,845
2019	$312,974	$318,742	$514,198	$-5,768
2018	$273,488	$298,503	$519,990	$-25,015