Veterans of Foreign Wars Post 1148

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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

1947

Legal Domicile

Principal Officer

Richard H Zulch

Phone

4193536371

Tax Period

2024-01-01 to 2024-12-31

Veterans of Foreign Wars Post 1148, founded in 1947, is a small nonprofit that reported $274K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 25% operating margin.

Mission

Military Veterans Organization Social fraternity of military veterans of foreign wars Provide aid to veterans and local charities

Program Service Accomplishments

Program 1

VFW Ohio Charities Portion of gaming proceeds given to the above organization. 25% of Gaming Profit must go to charity by Ohio law Amount donated $ 106,045.00

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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 $6,314

Program Service Revenue $0

Investment Income $4,627

Other Revenue $263,124

TOTAL REVENUE $274,065

Expense Breakdown

Grants Paid $106,045

Salaries & Benefits $32,897

Fundraising Expenses $0

Other Expenses $67,047

TOTAL EXPENSES $205,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,065	$171,567	+0.6%
Expenses	$205,989	$155,337	+0.3%
Net Income	$68,076	$16,230	+3.2%

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

N/A

Employees

Volunteers

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
Stephen Ledbedder	Commander	5.00	Officer	$0	$0	$0
David Baus	Sr Vice-Cmdr (6/15-12/31)	0.20		$0	$0	$0
Thomas J Rucker	Sr Vice-Cmdr (1/1-6/14)	0.20	Officer	$0	$0	$0
Greg Robinet	Jr Vice-Cmdr (6/15-12/31)	0.20		$0	$0	$0
Adams Andrea R	Jr Vice-Commander	0.20	Officer	$0	$0	$0
Richard Zulch	Quartermaster	25.00	Officer	$0	$0	$0
Steven Benner	Chaplin	0.10	Officer	$0	$0	$0
Ridenour David	Judge Advocate	0.20	Officer	$0	$0	$0
Grey Berkhau	Trustee	0.25	Director	$0	$0	$0
Adams Andrea R	Trustee (6/15-12/31)	0.25		$0	$0	$0
Baus David	Trustee (1/1-6/14)	0.25	Director	$0	$0	$0
Benner Steven M	Trustee	0.25	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	$274,065	$205,989	$239,821	$68,076
2023	$171,567	$155,337	$178,396	$16,230
2022	$175,758	$115,749	$165,726	$60,009
2021	$102,444	$103,396	$99,030	$-952
2020	$104,527	$99,247	$104,327	$5,280
2019	$108,730	$127,327	$94,951	$-18,597
2018	$93,343	$113,660	$113,421	$-20,317