VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS (EIN 362519252) - 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

1946

Legal Domicile

Phone

7084235220

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS, founded in 1946, is a small nonprofit that reported $360K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $445K exceeded revenue, resulting in a 24% operating deficit.

Mission

Overseas Veterans Advocates and community service

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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 $26,862

Program Service Revenue $5,483

Investment Income $386

Other Revenue $327,359

TOTAL REVENUE $360,090

Expense Breakdown

Grants Paid $5,247

Salaries & Benefits $264,096

Fundraising Expenses $0

Program Expenses $645

Other Expenses $176,141

TOTAL EXPENSES $445,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$360,090	$387,304	-0.1%
Expenses	$445,484	$394,347	+0.1%
Net Income	$-85,394	$-7,043	+11.1%

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

340

Independent Members

N/A

Employees

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

$30,786

Total Directors

$720

Key Employees

$94,910

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janice Krejci	Banquet Director	35	Key Emp Highest	$20,119	$20,119	$40,238
Karen Strama	Bartender	30	Highest	$16,510	$16,510	$33,020
Marlene Blaszkiewicz-Snee	Bar Manager	20	Key Emp Highest	$13,743	$13,743	$27,486
Robert Bogdalek	Maintenance Lead	15	Highest	$11,699	$11,699	$23,398
William Phillips	Maintenance Lead	15	Highest	$10,232	$10,232	$20,464
Christopher Reich	Treasurer & Quartermaster	5	Officer Key Emp	$7,113	$7,113	$14,226
Bryant Reed	Corporation President, House Chairman, Pull Tab Director	12	Officer Key Emp	$6,480	$6,480	$12,960
Tony Smertene	Director	3	Officer	$1,440	$1,440	$2,880
Arthur Schlosser	Canteen Director	3	Director	$360	$360	$720
David Smith	Board Secretary	1	Officer	$360	$360	$720
Thomas Vail	Director, Building and Grounds	2	Director	$0	$0	$0
David Rameriz	Director, Bingo	8	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	$360,090	$445,484	$180,354	$-85,394
2024	$387,304	$394,347	$219,140	$-7,043
2023	$287,448	$257,420	$201,820	$30,028

VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS