Veterans of Foreign Wars of the United States

EIN: 346609681

Strongsville, OH

Total Revenue
$353,354
Total Expenses
$288,230
Total Assets
$840,742
Net Assets
$840,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
OH
Principal Officer
James Karecki
Phone
4402310250
Tax Period
2024-01-01 to 2024-12-31

Veterans of Foreign Wars of the United States, founded in 1939, is a small nonprofit that reported $353K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $65K, a strong 18% operating margin.

Mission

Operation of Veteran of Foreign Wars Post home for the members benefit as prescribed in their constitution and bylaws.

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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 (2024)

Revenue Breakdown

Contributions & Grants $49,399
Program Service Revenue $0
Investment Income $0
Other Revenue $303,955
TOTAL REVENUE $353,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,582
Fundraising Expenses $0
Program Expenses $288,230
Other Expenses $206,761
TOTAL EXPENSES $288,230

Year-over-Year Comparison

2024 2023 Change
Revenue $353,354 $392,958 -0.1%
Expenses $288,230 $384,194 -0.2%
Net Income $65,124 $8,764 +6.4%
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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Governance

Voting Members
625
Independent Members
N/A
Employees
11
Volunteers
50

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Karecki Quartermaster 20.00
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 $353,354 $288,230 $840,742 $65,124
2023 $392,958 $384,194 $775,618 $8,764
2022 $476,538 $330,378 $766,854 $146,160
2021 $330,151 $302,697 $628,194 $27,454
2019 $340,898 $282,448 $621,587 $58,450
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