DEPARTMENT OF ILLINOIS VETERANS OF FOREI (EIN 361911490) - 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

1920

Legal Domicile

Principal Officer

MAURICE BRIDGES SR

Phone

8156924210

Tax Period

2023-07-01 to 2024-06-30

DEPARTMENT OF ILLINOIS VETERANS OF FOREI, founded in 1920, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE FRATERNAL, PATRIOTIC, HISTORICAL, AND EDUCATIONAL; TO PRESERVE AND STRENGTHEN COMRADESHIP AMOUNG ITS MEMBERS; TO ASSIST WORTHY COMRADES; TO PERPETUATE THE MEMORY AND HISTORY OF THE DEAD; AND TO ASSIST THEIR WIDOWS AND ORPHANS

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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 $1,009,394

Program Service Revenue $10,407

Investment Income $126,624

Other Revenue $18,522

TOTAL REVENUE $1,164,947

Expense Breakdown

Grants Paid $32,124

Salaries & Benefits $594,421

Fundraising Expenses $0

Other Expenses $700,924

TOTAL EXPENSES $1,358,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,164,947	$1,265,799	-0.1%
Expenses	$1,358,372	$1,095,157	+0.2%
Net Income	$-193,425	$170,642	-2.1%

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

$56,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE BRIDGES SR	STATE COMMANDER	20.00	Officer Director	$0	$0	$0
EUGENE BLACKWELL	STATE SR. VICE COMMANDE	20.00	Director	$0	$0	$0
ROB BAILEY	STATE JR. VICE COMMANDE	20.00	Officer Director	$0	$0	$0
JOE BARTLEY	STATE ADJUTANT-QUARTE	40.00	Director	$56,298	$0	$56,298
GARY HOLMES	CHAPLAIN	20.00	Director	$0	$0	$0
RYAN HIGGINBOTHAM	SURGEON	20.00	Officer Director	$0	$0	$0
JAYSON HOFFMAN	JUDGE ADVOCATE	20.00	Officer Director	$0	$0	$0
NANCY O'CONNELL	CHIEF OF STAFF	20.00	Officer Director	$0	$0	$0
CATHY STUBBS	INSPECTOR	20.00	Officer Director	$0	$0	$0
BRETT NILA	STATE JR. PAST COMMANDER	20.00	Director	$0	$0	$0
JONATHAN COOPER	DISTRICT 3 COMMANDER	20.00	Officer Director	$0	$0	$0
ERIC MORALES	DISTRICT 4 COMMANDER	20.00	Officer Director	$0	$0	$0
MATHIUS CARTER	DISTRICT 5 COMMANDER	20.00	Officer Director	$0	$0	$0
ROBERT COULTER	DISTRICT 6 COMMANDER	20.00	Officer Director	$0	$0	$0
DAVID LONG	DISTRICT 7 COMMANDER	20.00	Officer Director	$0	$0	$0
KENNETH MOREY	DISTRICT 8 COMMANDER	20.00	Officer Director	$0	$0	$0
JOHN FINNEGAN	DISTRICT 9 COMMANDER	20.00	Officer Director	$0	$0	$0
JOSH SEED	DISTRICT 10 COMMANDER	20.00	Officer Director	$0	$0	$0
JOE MAY	DISTRICT 11 COMMANDER	20.00	Officer Director	$0	$0	$0
TIM O'DONNELL	DISTRICT 12 COMMANDER	20.00	Officer Director	$0	$0	$0
BOB SHEHORN	DISTRICT 13 COMMANDER	20.00	Officer Director	$0	$0	$0
DOUG JAMESON	DISTRICT 14 COMMANDER	20.00	Officer Director	$0	$0	$0
CLARENCE CARAKER	DISTRICT 15 COMMANDER	20.00	Officer Director	$0	$0	$0
WILLIAM BROWNE JR	DISTRICT 16 COMMANDER	20.00	Officer Director	$0	$0	$0
JOHN MCGLYNN	DISTRICT 17 COMMANDER	20.00	Officer Director	$0	$0	$0
KENNETH PIEHL	DISTRICT 18 COMMANDER	20.00	Officer Director	$0	$0	$0
JAKE WYATT	DISTRICT 19 COMMANDER	20.00	Officer 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
2025	No data	No data	No data	No data
2024	$1,164,947	$1,358,372	$2,946,835	$-193,425
2023	$1,265,799	$1,095,157	$2,792,765	$170,642
2022	$1,117,711	$1,055,858	$2,617,937	$61,853
2021	$1,287,389	$976,811	$2,629,289	$310,578
2020	$1,002,399	$1,047,709	$2,041,909	$-45,310
2019	$1,379,308	$1,219,955	$2,377,412	$159,353
2018	$1,261,176	$1,567,509	$2,125,076	$-306,333

DEPARTMENT OF ILLINOIS VETERANS OF FOREI