VETERANS OF FOREIGN WARS OF THE U … - Form 990 Financial Data

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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

JERRY BEGLEY

Phone

5132428716

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS OF THE U S DEPARTMENT OF OHIO POST 1042, founded in 1937, is a small nonprofit that reported $154K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 46% operating margin.

Mission

Aid for Veterans, funds for V.A. Hospital, Police and Firemen in the Community and needy families and children.

Program Service Accomplishments

Program 1

Expenses: $20,025 Revenue: $34,603

Aid for Veterans, Funds for V.A. Hospital, Police Fire in community, and children and families in need.

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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 $85,643

Program Service Revenue $2,480

Investment Income $0

Other Revenue $66,079

TOTAL REVENUE $154,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,244

Fundraising Expenses $0

Program Expenses $20,025

Other Expenses $69,551

TOTAL EXPENSES $83,795

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,202	$98,214	+0.6%
Expenses	$83,795	$70,982	+0.2%
Net Income	$70,407	$27,232	+1.6%

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

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
RICKY L ELLIOTT	COMMANDER	001.00	Officer Director	$0	$0	$0
WILLIAM E FAULKNER	SENIOR VICE COMMANDER	002.00	Officer Director	$0	$0	$0
JERRY BEGLEY	QUARTERMASTER	004.00	Officer Director	$0	$0	$0
CHARLES B VANHOOK	JUNIOR VICE COMMANDER	001.00	Officer Director	$0	$0	$0
KIMBERLY WILSON	SURGEON	001.00	Officer Director	$0	$0	$0
DELMER ASHLEY	TRUSTEE - 3 YEAR	002.00	Officer Director	$0	$0	$0
MICHAEL G WIETMARSCHEN	TRUSTEE - 2 YEAR	001.00	Officer Director	$0	$0	$0
ROGER D BROWN	TRUSTEE - 1 YEAR	001.00	Officer Director	$0	$0	$0
DAVID P ELLIOTT	JUDGE ADVOCATE	001.00	Officer Director	$0	$0	$0
TIMOTHY R CARTER	CHAPLAIN	002.00	Officer Director	$0	$0	$0
COLLIN STUART WAYNE	ADJUTANT	001.00	Officer Director	$0	$0	$0
BARRY KLONKE	SERVICE OFFICE	001.00	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	$154,202	$83,795	$164,200	$70,407
2023	$98,214	$70,982	$93,636	$27,232
2022	$56,772	$62,698	$113,016	$-5,926
2021	$48,975	$43,192	$118,943	$5,783
2020	$41,317	$36,373	$113,315	$4,944
2019	$60,820	$57,802	$108,371	$3,018
2018	$47,340	$45,994	$105,310	$1,346

VETERANS OF FOREIGN WARS OF THE U S DEPARTMENT OF OHIO POST 1042