Veterans of Foreign Wars Departmen… - Form 990 Financial Data

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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

1947

Legal Domicile

Principal Officer

CLARKE CHRISTIANSEN

Phone

8154588369

Tax Period

2023-07-01 to 2024-06-30

Veterans of Foreign Wars Department of Illinois Post 9545 Harry E Anderson VFW Post 9545, founded in 1947, is a small nonprofit that reported $738K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

to support veterans in need and other veteran organizations, sponsor patriotic activities and provide social and recreational activities for members and their families.

Program Service Accomplishments

Program 1

Provided youth scholarships and patriotic contests

Program 2

Provided financial and non-cash support to other veteran organizations

Program 3

Provided financial assistance to Head Strong a suiside awareness and prevention program for veterans.

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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 (2023)

Revenue Breakdown

Contributions & Grants $92,084

Program Service Revenue $0

Investment Income $1,593

Other Revenue $643,828

TOTAL REVENUE $737,505

Expense Breakdown

Grants Paid $100,625

Salaries & Benefits $225,549

Fundraising Expenses $0

Other Expenses $415,302

TOTAL EXPENSES $741,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$737,505	$656,244	+0.1%
Expenses	$741,476	$681,367	+0.1%
Net Income	$-3,971	$-25,123	-0.8%

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

Independent Members

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

$28,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDRICK SOTH	Sr Vice Commander	8.000	Officer	$0	$0	$0
CLARKE CHRISTIANSEN	Commander	8.000	Officer	$0	$0	$0
DON IBARRA	Jr Vice Commander	8.000	Officer	$0	$0	$0
FRANK NOVAK	Quartermaster	8.000	Officer	$28,000	$0	$28,000
ROY MINGER	Trustee	4.000	Director	$0	$0	$0
JOHN KRAUS	Trustee	4.000	Director	$0	$0	$0
BILL KLEE	Trustee	4.000	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	No data	No data	No data	No data
2024	$737,505	$741,476	$1,347,079	$-3,971
2023	$656,244	$681,367	$1,351,050	$-25,123
2022	$649,898	$606,684	$1,376,353	$43,214
2021	$413,501	$433,684	$1,333,139	$-20,183

Veterans of Foreign Wars Department of Illinois Post 9545 Harry E Anderson VFW Post 9545