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

1935

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS 13, founded in 1935, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. Expenses of $180K left a modest 14% surplus.

Mission

THE VFW PROVIDES MEMORIAL AND VETERANS DAY SERVICES, GRAVESIDE FUNERAL SERVICES FOR VETERANS, US FLAG DISPOSAL, SUPPORT FOR VETERANS AND THEIR FAMILIES, YOUTH SPORTS, COMMUNITY HEALTH PROJECTS AND YOUTH ACTIVITIES

Program Service Accomplishments

Program 1

Expenses: $3,930

ASSIST VARIOUS COMMUNITY ORGINAZATIONS SIMPLE ROOM, BOND COUNTY FAIR, KINGSBURY PARK YOUTH BASEBALL, SHOAL CREEK ABATE, ETC

Program 2

Expenses: $1,000

LEMUEL RHODES CANCER

Program 3

Expenses: $1,000

PROVIDE CHRISTMAS TREES FOR TROOPS

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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 $8,084

Program Service Revenue $0

Investment Income $537

Other Revenue $200,522

TOTAL REVENUE $209,143

Expense Breakdown

Grants Paid $5,930

Salaries & Benefits $73,792

Fundraising Expenses $1,112

Program Expenses $5,930

Other Expenses $100,300

TOTAL EXPENSES $180,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,143	$202,599	+0.0%
Expenses	$180,022	$173,851	+0.0%
Net Income	$29,121	$28,748	+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

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	Role	Reportable Comp	Other Comp	Total
JEFFREY J BROWN	COMMANDER	Officer	$0	$0	$0
MICHAEL W CLARK	QUARTERMASTER	Officer	$0	$0	$0
WILLIAM JOHNSTON	TRUSTEE	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	$209,143	$180,022	$403,685	$29,121
2023	$202,599	$173,851	$374,564	$28,748
2022	$210,772	$175,794	$345,816	$34,978
2021	$199,444	$113,871	$314,518	$85,573

VETERANS OF FOREIGN WARS DEPARTMENT OF ILLINOIS 13