VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS (EIN 370701174) - 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

1941

Legal Domicile

Principal Officer

VERNON SMITH

Phone

2174663110

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS, founded in 1941, is a small nonprofit that reported $213K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $196K left a modest 8% surplus.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE VFW POST 3601 IS TO SPONSOR PROGRAMS AND DONATE TO CHARITABLE ORGANIZATIONS THAT PROMOTE THE PHYSICAL, MENTAL, AND SOCIAL WELL BEING OF ALL VETERANS AND THEIR FAMILIES.

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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 $3,740

Program Service Revenue $0

Investment Income $13,962

Other Revenue $195,671

TOTAL REVENUE $213,373

Expense Breakdown

Grants Paid $16,885

Salaries & Benefits $78,979

Fundraising Expenses $0

Program Expenses $29,755

Other Expenses $96,800

TOTAL EXPENSES $196,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,373	$188,698	+0.1%
Expenses	$196,413	$170,872	+0.1%
Net Income	$16,960	$17,826	0.0%

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

154

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY HAUPT	TRUSTEE	4.00	Director	$0	$0	$0
RICHARD W MAPLES	TRUSTEE	4.00	Director	$0	$0	$0
JAMES W MOORE	TRUSTEE	4.00	Director	$0	$0	$0
GREGORY DECKER	COMMANDER	30.00	Officer	$0	$0	$0
VERNON SMITH	QUARTERMASTER	35.00	Officer	$0	$0	$0
JOHN FOOTE	SENIOR VICE COMMANDER	10.00	Officer	$0	$0	$0
DAVID M HOBSON	JUNIOR VICE COMMANDER	1.00	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
2025	$213,373	$196,413	$681,519	$16,960
2024	$188,698	$170,872	$684,656	$17,826
2023	$237,727	$164,433	$660,547	$73,294
2022	$195,345	$198,395	$581,729	$-3,050
2021	$142,572	$188,933	$584,779	$-46,361

VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS