VETERANS OF FOREIGN WARS POST NO 2… - 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

Phone

4197349981

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS POST NO 2480, founded in 1937, is a small nonprofit that reported $461K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $439K left a modest 5% surplus.

Mission

TO PROVIDE PROGRAMS AND AID TO VETERANS

Program Service Accomplishments

Program 1

MEMORIAL DAY AND VETERANS' DAY PROGRAMS AND SERVICES

Program 2

FINANCIAL AID TO NEEDY VETERANS AND FAMILIES

Program 3

CONTRIBUTIONS TO LOCAL CHARITABLE AND CIVIC ORGANIZATIONS

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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 $19,206

Program Service Revenue $0

Investment Income $459

Other Revenue $440,851

TOTAL REVENUE $460,516

Expense Breakdown

Grants Paid $185,199

Salaries & Benefits $104,240

Fundraising Expenses $0

Other Expenses $150,054

TOTAL EXPENSES $439,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,516	$500,032	-0.1%
Expenses	$439,493	$374,410	+0.2%
Net Income	$21,023	$125,622	-0.8%

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
KEITH W GRIMM	COMMANDER	15.00	Officer Director	$0	$0	$0
BRIAN D HAER	SR. VICE COMM.	1.00	Officer Director	$0	$0	$0
DONALD E PLATT	JR. VICE COMM.	1.00	Officer Director	$0	$0	$0
DAVID R HOFACKER	QTR-MASTER	10.00	Officer Director	$0	$0	$0
LAURIE A DUBBERT	CHAPLAIN	1.00	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	$460,516	$439,493	$595,015	$21,023
2023	$500,032	$374,410	$573,665	$125,622
2022	$325,175	$257,187	$470,581	$67,988
2021	$181,551	$184,762	$379,377	$-3,211
2020	$147,454	$128,575	$382,447	$18,879

VETERANS OF FOREIGN WARS POST NO 2480