VFW VETERANS CLUB INC

EIN: 362112899 Public & Societal Benefit

MCHENRY, IL

Total Revenue
$-280,268
Total Expenses
$1,638,147
Total Assets
$6,670,441
Net Assets
$6,134,108
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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
2017
Legal Domicile
IL
Principal Officer
JAMES KANE
Phone
8153854600
Tax Period
2023-01-01 to 2023-12-31

VFW VETERANS CLUB INC, founded in 2017, is a micro nonprofit in the Public & Societal Benefit sector that reported $280K in total revenue in fiscal year 2023. Revenue fell 108% from the prior year — a significant decline worth monitoring.

Mission

VFW PROVIDES SOCIAL, CIVIC, PATRIOTIC, AND EDUCATIONAL SERVICE TO ITS MEMBERSHIP, VETERANS, AND THE 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 $0
Program Service Revenue $0
Investment Income $83,139
Other Revenue $-363,407
TOTAL REVENUE $-280,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $311,628
Other Expenses $1,638,147
TOTAL EXPENSES $1,638,147

Year-over-Year Comparison

2023 2022 Change
Revenue $-280,268 $3,353,440 -1.1%
Expenses $1,638,147 $631,072 +1.6%
Net Income $-1,918,415 $2,722,368 -1.7%
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
10
Independent Members
10
Employees
N/A
Volunteers
95

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
6
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH V GARY DIRECTOR 5.00
Director
$0 $0 $0
RICH OLESZCZUK DIRECTOR 10.00
Director
$0 $0 $0
TAMMY MARTINEZ DIRECTOR 5.00
Director
$0 $0 $0
RABERT REIF DIRECTOR 5.00
Director
$0 $0 $0
JEFFREY D HOMIER DIRECTOR 5.00
Director
$0 $0 $0
LARRY CANNON PRESIDENT 10.00
Officer
$0 $0 $0
MARY LOU REDMOND VICE PRESIDENT 5.00
Officer
$0 $0 $0
BEN KEEFE POST COMMANDER 20.00
Officer
$0 $0 $0
JAMES CAIN TREASURER 20.00
Officer
$0 $0 $0
GARY E SNELL SECRETARY 10.00
Officer
$0 $0 $0
RONNIE REBER POST QUARTERMASTER 20.00
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
2024 No data No data No data No data
2023 $-280,268 $1,638,147 $6,670,441 $-1,918,415
2022 $3,353,440 $631,072 $8,042,052 $2,722,368
2021 $1,277,275 $228,096 $5,725,795 $1,049,179
2020 $-140,372 $226,616 $4,676,616 $-366,988
2019 $3,532,289 $258,360 $5,593,604 $3,273,929
2018 $1,900,380 $742,285 $5,182,360 $1,158,095
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