Veterans of Foreign Wars Post 870

EIN: 311091477

Richwood, OH

Total Revenue
$565,241
Total Expenses
$422,290
Total Assets
$328,197
Net Assets
$328,197
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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
1981
Legal Domicile
OH
Principal Officer
Dan Converse
Phone
7406270049
Tax Period
2024-07-01 to 2025-06-30

Veterans of Foreign Wars Post 870, founded in 1981, is a small nonprofit that reported $565K in total revenue in fiscal year 2024. The organization ran a surplus of $143K, a strong 25% operating margin.

Mission

Community Support

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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 $1,388
Program Service Revenue $0
Investment Income $234
Other Revenue $563,619
TOTAL REVENUE $565,241

Expense Breakdown

Grants Paid $119,629
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $302,661
TOTAL EXPENSES $422,290

Year-over-Year Comparison

2024 2023 Change
Revenue $565,241 N/A N/A
Expenses $422,290 N/A N/A
Net Income $142,951 N/A N/A
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
69
Independent Members
69
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeremiah Workman Commander N/A
$0 $0 $0
Jeremy D Miler Senior Vice Commander N/A
$0 $0 $0
Justin L Monroe Junior Vice Commander N/A
$0 $0 $0
Larry Nibert Quartermaster N/A
$0 $0 $0
Michael R Schmelzer Chaplian N/A
$0 $0 $0
Michael R Schmelzer Judge Advocate N/A
$0 $0 $0
Nathan Fout Surgeon N/A
$0 $0 $0
Nathan Fout Two Year Trustee N/A
$0 $0 $0
Dan Converse Two Year Trustee N/A
$0 $0 $0
Nathan Oberdier Adjutant N/A
$0 $0 $0
John L Bell Service Officer N/A
$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 $565,241 $422,290 $328,197 $142,951
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