VETERANS OF FOREIGN WARS 7205 (EIN 356042765) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

GREGORY A THOMPSON

Phone

2606655600

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS 7205, founded in 1949, is a small nonprofit that reported $185K in total revenue in fiscal year 2024. The organization ran a surplus of $48K, a strong 26% operating margin.

Mission

TO UNITE MEMBERS IN THE BONDS OF FRIENDSHIP AND PATRIOTISM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,699

Program Service Revenue $1,735

Investment Income $3,845

Other Revenue $159,190

TOTAL REVENUE $185,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,742

Fundraising Expenses $0

Other Expenses $101,090

TOTAL EXPENSES $137,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,469	$191,576	0.0%
Expenses	$137,832	$155,723	-0.1%
Net Income	$47,637	$35,853	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
WELDON BAAS	JUDGE ADVOCA	1.00	Director	$0	$0	$0
CHET GILBERT	TRUSTEE	1.00	Director	$0	$0	$0
WALTER J KROHN	CHAPLAIN	1.00	Director	$0	$0	$0
MICHAEL LASH	SERVICE OFFI	1.00	Director	$0	$0	$0
JAMES PENICK	SURGEON	1.00	Director	$0	$0	$0
LARY STEINBACHER	CHAPLAIN	1.00	Director	$0	$0	$0
MICHAEL WORMAN	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS HICKMAN	QUARTERMASTE	1.00	Officer	$0	$0	$0
SCOTT A HOULTON	JUNIOR VICE	1.00	Officer	$0	$0	$0
TANNER W KEY	SENIOR VICE	1.00	Officer	$0	$0	$0
GREGORY A THOMPSON	COMMANDER	1.00	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	$185,469	$137,832	$284,152	$47,637
2023	$191,576	$155,723	$238,880	$35,853
2022	$199,132	$154,740	$200,718	$44,392
2021	$168,177	$135,479	$156,298	$32,698
2020	$109,517	$125,196	$123,139	$-15,679
2019	$109,787	$119,487	$138,751	$-9,700

VETERANS OF FOREIGN WARS 7205