VETERANS OF FOREIGN WARS OF IL

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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

1950

Legal Domicile

Principal Officer

KEITH USIAK

Phone

8478727676

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS OF IL, founded in 1950, is a small nonprofit that reported $386K in total revenue in fiscal year 2024. Expenses of $434K exceeded revenue, resulting in a 12% operating deficit.

Mission

We assist veterans and their families, we donate food baskets and toys to the needy, we provide food for funerals of deceased members, we observe all national holidays

Program Service Accomplishments

Program 1

3 LARGEST PROGRAM SERVICES

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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 $7,955

Program Service Revenue $0

Investment Income $3,398

Other Revenue $374,944

TOTAL REVENUE $386,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,005

Fundraising Expenses $0

Other Expenses $293,003

TOTAL EXPENSES $434,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,297	$402,070	0.0%
Expenses	$434,338	$373,908	+0.2%
Net Income	$-48,041	$28,162	-2.7%

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

Governance

Voting Members

410

Independent Members

410

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Kish	Commander	8.00	Officer	$0	$0	$0
Dave Johnson	President/Sr Vice Commander	8.00	Officer Director	$0	$0	$0
Wendy Crisafulli	Jr Vice Commander	8.00	Officer	$0	$0	$0
Ken Wagner	Vice President/Chaplain	8.00	Officer Director	$0	$0	$0
Keith Usiak	Treasurer/Trustee	8.00	Officer Director	$0	$0	$0
Michael Jaeger	Quartermaster	8.00	Officer	$0	$0	$0
David Pavin	Director	8.00	Director	$0	$0	$0
James Sullivan	Adjutant	8.00	Director	$0	$0	$0
Jimmie Haynes	Director	8.00	Director	$0	$0	$0
Erin Haller	Secretary/Director	8.00	Officer Director	$0	$0	$0
Kevin Narup	Director	8.00	Director	$0	$0	$0
Doug Ball	Service Officer/Director	8.00	Officer Director	$0	$0	$0
Robert Foote	Director	8.00	Director	$0	$0	$0
Matthew Laprade	Trustee	8.00	Director	$0	$0	$0
Kevin Woods	Trustee	8.00	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	$386,297	$434,338	$333,103	$-48,041
2024	$402,070	$373,908	$380,882	$28,162
2023	$464,818	$369,904	$353,956	$94,914
2022	$337,313	$289,338	$257,265	$47,975
2021	$219,832	$267,248	$209,718	$-47,416
2020	$375,705	$417,066	$254,983	$-41,361
2019	$537,340	$577,381	$298,076	$-40,041