BOONE COUNTY VFW CLUB INC

EIN: 362018844 Public & Societal Benefit

BELVIDERE, IL

Total Revenue
$272,686
Total Expenses
$248,519
Total Assets
$1,118,530
Net Assets
$1,114,604
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
IL
Principal Officer
BERNADETTE BLAND
Phone
8155442956
Tax Period
2024-07-01 to 2025-06-30

BOONE COUNTY VFW CLUB INC, founded in 1944, is a small nonprofit in the Public & Societal Benefit sector that reported $273K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $249K left a modest 9% surplus.

Mission

VFW MISSION: TO FOSTER COMARADERIE AMONG UNITED STATES VETERANS OF OVERSEAS CONFLICTS. TO SERVE OUR VETERANS, THE MILITARY, AND OUR COMMUNITIES. TO ADVOCATE ON BEHALF OF ALL VETERANS VFW VISION: ENSURE THAT VETERANS ARE RESPECTED FOR THEIR SERVICE, ALWAYS RECEIVE THEIR EARNED ENTITLEMENTS, AND ARE RECOGNIZED FOR THE SACRIFICES THEY AND THEIR LOVED ONES HAVE MADE ON BEHALF OF THIS GREAT COUNTRY. VFW CORE VALUES: ALWAYS PUT THE INTERESTS OF OUR MEMBERS FIRST TREAT DONORS AS PARTNERS IN OUR CAUSE PROMOTE PATRIOTISM HONOR MILITARY SERVICE ENSURE THE CARE OF VETERANS AND THEIR FAMILIES SERVE OUR COMMUNITIES PROMOTE A POSITIVE IMAGE OF THE VFW RESPECT THE DIVERSITY OF VETERAN OPINIONS

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,663
Program Service Revenue $178,975
Investment Income $0
Other Revenue $69,048
TOTAL REVENUE $272,686

Expense Breakdown

Grants Paid $27,800
Salaries & Benefits $80,272
Fundraising Expenses $0
Program Expenses $248,519
Other Expenses $140,447
TOTAL EXPENSES $248,519

Year-over-Year Comparison

2024 2023 Change
Revenue $272,686 $215,922 +0.3%
Expenses $248,519 $212,963 +0.2%
Net Income $24,167 $2,959 +7.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
13
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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BERNADETTE BLAND PRESIDENT N/A
Officer Director
$0 $0 $0
ROB BLAND SECRETARY/TR N/A
Officer Director
$0 $0 $0
GREGORY KELM VICE PRESIDE 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 $272,686 $248,519 $1,118,530 $24,167
2024 $215,922 $212,963 $1,090,439 $2,959
2023 $192,757 $235,467 $1,089,538 $-42,710
2022 $196,969 $173,667 $1,129,623 $23,302
2021 $140,497 $139,828 $1,132,803 $669
2020 $145,567 $191,731 $1,130,266 $-46,164
2019 $209,494 $219,296 $1,152,600 $-9,802
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