JAMES L TOWNSEND VFW POST 98

EIN: 356248150

INDIANAPOLIS, IN

Total Revenue
$91,401
Total Expenses
$41,533
Total Assets
$167,789
Net Assets
$167,789
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
IN
Principal Officer
Benjamin G Chance
Phone
3172939235
Tax Period
2023-07-01 to 2024-06-30

JAMES L TOWNSEND VFW POST 98, founded in 1968, is a micro nonprofit that reported $91K in total revenue in fiscal year 2023. The organization ran a surplus of $50K, a strong 55% operating margin.

Mission

To provide relief and camaraderie to veterans and their families in need and support to their communities.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

We provide an environment welcoming to many veterans and allow social interaction for many who would otherwise be alone. We operate the canteen 6-7 days per week throughout the year providing...

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We provide an environment welcoming to many veterans and allow social interaction for many who would otherwise be alone. We operate the canteen 6-7 days per week throughout the year providing camaraderie and servicing anywhere from 10-60 members and guests per day with occasionally more on special events.

Program 2
Expenses: $0 Revenue: $0

Our membership tends to be a bit older so much of our relief tends to be geared towards an older population. We help with recognizing deceased members and their families at funerals and provide as...

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Our membership tends to be a bit older so much of our relief tends to be geared towards an older population. We help with recognizing deceased members and their families at funerals and provide as needed for those that are left behind. We supported 10 members families during and after funerals over the year and maintain a relief fund dedicated to that support.

Program 3
Expenses: $0 Revenue: $0

We support our community mainly through education and awareness. We provide speakers at special events so the community can learn about life in the military and the war-time experiences that...

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We support our community mainly through education and awareness. We provide speakers at special events so the community can learn about life in the military and the war-time experiences that typically set the military members apart. We also are present for flag and wreath laying events and in general during federal holidays. During the year we conducted 1 speaking event planted flags at 2 cemeteries and 2 food and clothing drives for our local community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $345
Program Service Revenue $0
Investment Income $0
Other Revenue $91,056
TOTAL REVENUE $91,401

Expense Breakdown

Grants Paid $3,309
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $38,224
TOTAL EXPENSES $41,533

Year-over-Year Comparison

2023 2022 Change
Revenue $91,401 N/A N/A
Expenses $41,533 N/A N/A
Net Income $49,868 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
N/A
Employees
N/A
Volunteers
40

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
8
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis G Brumett 1 Year Trustee 1.00
Director
$0 $0 $0
Alfred L Kolb 2 Year Trustee 2.00
Director
$0 $0 $0
William A Frick 3 Year Trustee 1.00
Director
$0 $0 $0
Larry L Phillips 2 Year Trustee 1.00
Director
$0 $0 $0
Benjamin G Chance Commander 54.00
Officer
$0 $0 $0
Lincoln S Ridge Senior Vice Commander 6.00
Officer
$0 $0 $0
Franklin G Boothe Junior Vice Commander 1.00
Officer
$0 $0 $0
Christopher R Jennings Quartermaster Adjutant 24.00
Officer
$0 $0 $0
Dwayne V Brents Chaplain 6.00
Officer
$0 $0 $0
Jimmy L Stephanoff Service Officer 1.00
Officer
$0 $0 $0
William Merriweather Surgeon 2.00
Officer
$0 $0 $0
Russell M Deckard Quartermaster Adjutant 54.00
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
2025 No data No data No data No data
2024 $91,401 $41,533 $167,789 $49,868
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