VETERANS OF FOREIGN WARS POST 587 (EIN 344427026) - Form 990 Financial Analysis & Trantor Score

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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

1934

Legal Domicile

Principal Officer

JOHN DAEGER

Phone

4193993071

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS POST 587, founded in 1934, is a small nonprofit that reported $485K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 25% operating margin.

Mission

PROMOTE FRATERNAL FELLOWSHIP AND PATRIOTISM, PROVIDE HELPING HAND AT LOCAL VA HOSPITAL FOR LOCAL PATIENTS AND FAMILIES, PARTICIPATE AND ORGANIZE LOCAL FUNCTIONS RELATING TO VETERANS AFFAIRS AND RECOGNITION OF THEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,525

Program Service Revenue $232,668

Investment Income $176

Other Revenue $248,631

TOTAL REVENUE $485,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,796

Fundraising Expenses $0

Program Expenses $365,644

Other Expenses $273,848

TOTAL EXPENSES $365,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$485,000	$366,518	+0.3%
Expenses	$365,644	$302,655	+0.2%
Net Income	$119,356	$63,863	+0.9%

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

116

Independent Members

116

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

$4,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DAEGER	COMMANDER	3.00	Officer	$0	$0	$0
JAMES RILEY	SR VICE COMM	2.00	Officer	$0	$0	$0
HARRY MANLEY	JR VICE COMM	2.00	Officer	$0	$0	$0
DANIEL WILDER	QUARTERMASTE	20.00	Officer	$4,500	$0	$4,500
ALEC COIL	CHAPLAIN	2.00	Officer	$0	$0	$0
JOSEPH PHLIPOT	SERVICE OFFI	2.00	Officer	$0	$0	$0
EUGENE WEIDENHAMMER	TRUSTEE	2.00	Director	$0	$0	$0
JAMES SITTON	TRUSTEE	2.00	Director	$0	$0	$0
RON VORLICKY	TRUSTEE	2.00	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	No data	No data	No data	No data
2023	$485,000	$365,644	$367,012	$119,356
2022	$366,518	$302,655	$247,574	$63,863
2021	$194,075	$193,671	$110,189	$404
2021	$194,075	$138,221	$183,128	$55,854
2020	$121,771	$111,377	$109,799	$10,394
2020	$121,771	$93,888	$127,288	$27,883
2019	$131,555	$131,173	$98,829	$382
2018	$167,087	$136,842	$98,596	$30,245

VETERANS OF FOREIGN WARS POST 587