VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPARTMENT OF OHIO (EIN 346609720) - 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

1928

Legal Domicile

Principal Officer

WILLIAM MYERS

Phone

4195261907

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPARTMENT OF OHIO, founded in 1928, is a small nonprofit that reported $482K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 20% operating margin.

Mission

PATRIOTIC AND CHARITABLE ACTIVITIES, MEMBERSHIP, MEETINGS AND OTHER SOCIAL/RECREATIONAL ACTIVITIES FOR MEMBERS AND THEIR BONA FIDE GUESTS IN ACCORDANCE WITH THE PROVISIONS OF REGULATIONS 15D(C)(19)19(C)

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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 $6,757

Program Service Revenue $100

Investment Income $1,549

Other Revenue $473,660

TOTAL REVENUE $482,066

Expense Breakdown

Grants Paid $185,318

Salaries & Benefits $97,723

Fundraising Expenses $0

Program Expenses $374,075

Other Expenses $104,380

TOTAL EXPENSES $387,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,066	$309,366	+0.6%
Expenses	$387,421	$213,415	+0.8%
Net Income	$94,645	$95,951	0.0%

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
TIM CLARK	TRUSTEE	2.00	Director	$0	$0	$0
VIC HARING	TRUSTEE	2.00	Director	$0	$0	$0
MURRAY KONVES	QUARTERMASTE	2.00	Officer Director	$0	$0	$0
WILLIAM MYERS	COMMANDER	2.00	Officer Director	$0	$0	$0
BILLY WALKER	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	$482,066	$387,421	$446,956	$94,645
2023	$309,366	$213,415	$353,384	$95,951
2022	$251,631	$143,361	$208,588	$108,270
2021	$133,142	$134,687	$100,318	$-1,545
2020	$75,885	$75,149	$101,863	$736
2019	$103,715	$106,090	$101,127	$-2,375

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPARTMENT OF OHIO