JAMES L TOWNSEND VFW POST 98 (EIN 356248150) - 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

1968

Legal Domicile

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.

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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 (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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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

N/A

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
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

JAMES L TOWNSEND VFW POST 98