VETERANS OF FOREIGN WARS DEPT 1921 (EIN 370702495) - 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

ERIC ADAMS

Tax Period

2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS DEPT 1921, founded in 1941, is a micro nonprofit that reported $64K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $104K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO FOSTER CAMARADERIE AMONG UNITED STATES VETERANS OF OVERSEAS CONFLICTS.TO SERVE OUR VETERANS, THE MILITARY AND OUR COMMUNITIES. TO ADVOCATE ONBEHALF OF ALL VETERANS. PROMOTE PATRIOTISM AND HONOR MILTARY 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 (2023)

Revenue Breakdown

Contributions & Grants $14,987

Program Service Revenue $0

Investment Income $246

Other Revenue $49,165

TOTAL REVENUE $64,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,985

Fundraising Expenses $0

Program Expenses $104,168

Other Expenses $70,183

TOTAL EXPENSES $104,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,398	$58,704	+0.1%
Expenses	$104,168	$112,221	-0.1%
Net Income	$-39,770	$-53,517	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD LITCHFIELD	TRUSTEE	2.00	Director	$0	$0	$0
JUNIOR NOEL	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN GREEN	ADJUDENT	5.00	Officer	$0	$0	$0
LARRY SMITH	JUNIOR VICE COMMANDER	10.00	Officer	$0	$0	$0
ERIC ADAMS	COMMANDER	10.00	Officer	$0	$0	$0
JOSEPH W CARTER	SENIOR VICE COMMANDER	25.00	Officer	$0	$0	$0
THOMAS EDDINGTON	QUARTERMASTER	25.00	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	No data	No data	No data	No data
2024	$64,398	$104,168	$228,070	$-39,770
2023	$58,704	$112,221	$268,206	$-53,517
2022	$92,332	$132,401	$321,522	$-40,069
2021	$269,158	$102,321	$361,665	$166,837

VETERANS OF FOREIGN WARS DEPT 1921