VETERANS OF FOREIGN WARS POST 8487

EIN: 341027480

MOGADORE, OH

Total Revenue
$202,820
Total Expenses
$96,233
Total Assets
$682,809
Net Assets
$672,128
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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
1967
Legal Domicile
OH
Principal Officer
MIKE ENGLAND
Phone
3306289140
Tax Period
2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS POST 8487, founded in 1967, is a small nonprofit that reported $203K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $107K, a strong 53% operating margin.

Mission

SERVICE TO COMMUNITY, VETERAN ORGANIZATIONS, AND VETERAN OF FOREIGN WAS

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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 $3,367
Program Service Revenue $0
Investment Income $2,092
Other Revenue $197,361
TOTAL REVENUE $202,820

Expense Breakdown

Grants Paid $1,017
Salaries & Benefits $23,818
Fundraising Expenses $0
Program Expenses $96,233
Other Expenses $71,334
TOTAL EXPENSES $96,233

Year-over-Year Comparison

2023 2022 Change
Revenue $202,820 $251,620 -0.2%
Expenses $96,233 $189,629 -0.5%
Net Income $106,587 $61,991 +0.7%
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
8
Independent Members
8
Employees
5
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
4
$18,450
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE ENGLAND QUARTERMASTER 40.00
Officer
$18,450 $0 $18,450
DON ADAMS COMMANDR 15.00
Officer
$0 $0 $0
BEN KOT SR COMMANDER 5.00
Officer
$0 $0 $0
JIM TOMSHO JR COMMANDER 5.00
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 $202,820 $96,233 $682,809 $106,587
2022 $251,620 $189,629 $578,646 $61,991
2021 $198,868 $132,766 $518,440 $66,102
2020 $133,187 $150,378 $452,339 $-17,191
2019 $143,950 $134,012 $462,580 $9,938
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