VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS (EIN 362144467) - 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

1944

Legal Domicile

Principal Officer

Philip L Maughan

Phone

6303557664

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS, founded in 1944, is a small nonprofit that reported $247K in total revenue in fiscal year 2024. The organization ran a surplus of $56K, a strong 23% operating margin.

Mission

Support veterans (and their families) in need, in hospitals, in special care facilities and in the community. Provide space and social opportunities for veterans and their families to gather and enjoy each other's company. Promote a sense of patriotism in area schools and in 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $48,195

Program Service Revenue $0

Investment Income $8,919

Other Revenue $189,861

TOTAL REVENUE $246,975

Expense Breakdown

Grants Paid $46,441

Salaries & Benefits $5,545

Fundraising Expenses $0

Program Expenses $0

Other Expenses $139,300

TOTAL EXPENSES $191,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,975	$248,508	0.0%
Expenses	$191,286	$199,090	0.0%
Net Income	$55,689	$49,418	+0.1%

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

612

Independent Members

612

Employees

Volunteers

100

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

$5,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philip L Maughan	Quartermaster	30	Officer	$5,100	$0	$5,100
Thomas O Parker	Assistant Quartermaster	4	Officer	$800	$0	$800
Staci Boyer	Commander	25	Officer	$0	$0	$0
Jennifer Slown	Senior Vice Commander	4	Officer	$0	$0	$0
Josh Warner	Junior Vice Commander	4	Officer	$0	$0	$0
Jason Sharpton	Adjutant	2	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	$246,975	$191,286	$757,946	$55,689
2024	$248,508	$199,090	$709,045	$49,418
2023	$218,412	$193,307	$656,851	$25,105
2022	$201,140	$161,555	$630,422	$39,585
2021	$163,416	$126,444	$602,928	$36,972

VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS