VETERANS OF FOREIGN WARS POST 8589 (EIN 356245104) - 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

1961

Legal Domicile

Principal Officer

HAROLD ROSS II

Phone

8122473432

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS POST 8589, founded in 1961, is a micro nonprofit that reported $57K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

FRATERNAL ORGANIZATION TO PRESERVE COMRADESHIP AMONG ITS MEMBERS, ASSIST WORTHY COMRADES, WIDOWS AND ORPHANS AND MAINTAIN ALLEGIANCE TO THE GOVERNMENT OF THE UNITED STATES OF AMERICA.

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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 $747

Program Service Revenue $0

Investment Income $0

Other Revenue $56,575

TOTAL REVENUE $57,322

Expense Breakdown

Grants Paid $2,550

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,097

Other Expenses $54,547

TOTAL EXPENSES $57,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,322	$65,312	-0.1%
Expenses	$57,097	$59,132	0.0%
Net Income	$225	$6,180	-1.0%

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

N/A

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
CHARLES CLIFTON	3 YEAR TRUST	N/A	Director	$0	$0	$0
JOSEPH W JONES	2 YEAR TRUST	N/A	Director	$0	$0	$0
ERIC THORMAN	1 YR TRUSTEE	N/A	Director	$0	$0	$0
CECIL C BAKER	JR. VICE COM	N/A	Officer	$0	$0	$0
CHARLES DIAMON	COMMANDER	N/A	Officer	$0	$0	$0
HAROLD ROSS II	QUARTERMASTE	N/A	Officer	$0	$0	$0
ROBERT MCCORMICK	SR. VICE COM	N/A	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
2025	$57,322	$57,097	$52,344	$225
2024	$65,312	$59,132	$52,119	$6,180
2023	$61,500	$60,326	$45,939	$1,174
2022	$29,409	$24,241	$34,700	$5,168

VETERANS OF FOREIGN WARS POST 8589