Veterans Of Foreign Wars 1031

EIN: 310674147

Springfield, OH

Total Revenue
$969,567
Total Expenses
$786,257
Total Assets
$512,671
Net Assets
$501,336
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
OH
Principal Officer
THOMAS M ONEAL QUARTERMAS
Tax Period
2023-01-01 to 2023-12-31

Veterans Of Foreign Wars 1031, founded in 1927, is a small nonprofit that reported $970K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 19% operating margin.

Mission

That the purpose of this Corporation shall be fraternal, patriotic, historical, charitable, and educational to preserve and strengthen comradeship among its members; to assist worthy comrades; to prepetuate the memory and history of our dead; and assist their widows

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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 (2023)

Revenue Breakdown

Contributions & Grants $262,865
Program Service Revenue $209,359
Investment Income $17
Other Revenue $497,326
TOTAL REVENUE $969,567

Expense Breakdown

Grants Paid $463,524
Salaries & Benefits $128,480
Fundraising Expenses $0
Program Expenses $740,751
Other Expenses $194,253
TOTAL EXPENSES $786,257

Year-over-Year Comparison

2023 2022 Change
Revenue $969,567 $738,305 +0.3%
Expenses $786,257 $372,320 +1.1%
Net Income $183,310 $365,985 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
453
Independent Members
453
Employees
10
Volunteers
6

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
7
$11,310
Total Directors
7
$11,310
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS M ONEAL QUARTERMASTER 30.00
Officer Director Highest
$11,310 $0 $11,310
STEVE RIDENOUR GUARD 6.00
Officer Director
$0 $0 $0
RON PATTON 3Y TRUSTEE 6.00
Officer Director
$0 $0 $0
PAUL DASILVA 1Y TRUSTEE 6.00
Officer Director
$0 $0 $0
BOBBY CRABTREE POST COMMANDER 6.00
Officer Director
$0 $0 $0
CHARLES MITCHELL SENIOR VICE COMMANDER 6.00
Officer Director
$0 $0 $0
RICK BOOP JR VICE COMMANDER 6.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $969,567 $786,257 $512,671 $183,310
2022 $738,305 $372,320 $409,079 $365,985
2021 $240,483 $206,769 $386,424 $33,714
2020 $184,914 $200,617 $345,229 $-15,703
2019 $219,928 $243,897 $371,553 $-23,969
2018 $307,543 $327,650 $401,667 $-20,107
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