Veterans of Foreign Wars Dept of I… - 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

Legal Domicile

Phone

2177894725

Tax Period

2024-07-01 to 2025-06-30

Veterans of Foreign Wars Dept of IL 10302 VFW-IL is a small nonprofit that reported $166K in total revenue in fiscal year 2024. Expenses of $192K exceeded revenue, resulting in a 15% operating deficit.

Mission

To further the fraternal, patriotic, educational, and historical welfare of foreign wars veterans of the United States of America.

Program Service Accomplishments

Program 1

Expenses: $143,256 Revenue: $34,390

To further the fraternal, patriotic, educational, and historical welfare of foreign wars veterans of the United States of America.

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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 $34,390

Program Service Revenue $614

Investment Income $1,460

Other Revenue $130,005

TOTAL REVENUE $166,469

Expense Breakdown

Grants Paid $10,209

Salaries & Benefits $37,541

Fundraising Expenses $0

Program Expenses $143,256

Other Expenses $144,314

TOTAL EXPENSES $192,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,469	$156,661	+0.1%
Expenses	$192,064	$175,607	+0.1%
Net Income	$-25,595	$-18,946	+0.4%

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

N/A

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

$24,500

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Joseph Bartley	Quartermaster	Officer	$24,500	$0	$24,500
Martin Fruchtl	Officer	Director	$2,000	$0	$2,000
Kenneth Ash	Jr Vice Command	Director	$0	$0	$0
Fred Bierbaum	Trustee	Director	$0	$0	$0
David McLean	Sr Vice Command	Director	$0	$0	$0
Larry Carter Sr	Commander	Director	$0	$0	$0
Mike Woodcox	Trustee	Director	$0	$0	$0
Dennis Kirchgesner	Trustee	Director	$0	$0	$0
Bobby Edwards	Commander	Officer	$0	$0	$0
Brett Nila	Sr Vice St Comm	Officer	$0	$0	$0
Maurice Bridges	Jr Vice St Comm	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	$166,469	$192,064	$210,498	$-25,595
2024	$156,661	$175,607	$236,093	$-18,946
2023	$203,073	$229,835	$255,039	$-26,762
2022	$239,370	$177,786	$281,801	$61,584
2021	$140,860	$117,866	$239,857	$22,994
2020	$102,733	$156,237	$216,863	$-53,504
2019	$166,797	$154,310	$250,727	$12,487

Veterans of Foreign Wars Dept of IL 10302 VFW-IL