VETERANS OF FOREIGN WARS DEPARTMENT (EIN 370843021) - 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

1947

Legal Domicile

Principal Officer

ADAM GOETSCH

Phone

8155849807

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS DEPARTMENT, founded in 1947, is a small nonprofit that reported $146K in total revenue in fiscal year 2020. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $139K left a modest 4% surplus.

Mission

VETERAN ACTIVITIES

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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 $5,320

Program Service Revenue $0

Investment Income $116,748

Other Revenue $130,775

TOTAL REVENUE $252,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,427

Fundraising Expenses $0

Other Expenses $93,171

TOTAL EXPENSES $204,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,843	$223,300	+0.1%
Expenses	$204,598	$193,827	+0.1%
Net Income	$48,245	$29,473	+0.6%

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

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
WILLIAM PROVENCE	JUDGE ADVOCATE/OFFICIER	20.00	Officer Director	$0	$0	$0
ADAM GOETSCH	COMMANDER/OFFICIER	10.00	Officer	$0	$0	$0
WILLIAM PROVENCE	QUARTERMASTER/OFFICIER	1.00	Officer	$0	$0	$0
DORREEN HODGSON	TRUSTEE/OFFICIER	1.00	Officer	$0	$0	$0
JOHN FRAULI	TRUSTEE/ OFFICIER	1.00	Officer	$0	$0	$0
CHUCK ROACH	TRUSTEE/OFFICIER	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	$252,843	$204,598	$232,045	$48,245
2024	$223,300	$193,827	$214,057	$29,473
2023	$258,034	$171,938	$184,468	$86,096
2022	$195,473	$163,691	$98,407	$31,782
2021	$145,889	$139,386	$66,625	$6,503

VETERANS OF FOREIGN WARS DEPARTMENT