VETERANS OF FOREIGN WARS DEPARTMENT OF MICHIGAN (EIN 381134438) - 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

1976

Legal Domicile

Principal Officer

ROBERT S BENDERMAN

Phone

2317223282

Tax Period

2018-01-01 to 2018-12-31

VETERANS OF FOREIGN WARS DEPARTMENT OF MICHIGAN, founded in 1976, is a micro nonprofit that reported $81K in total revenue in fiscal year 2018. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 64% operating margin.

Mission

A CLUB WHERE VETERANS CAN MEET ON A REGULAR BASIS AND CARRY OUT THE MISSION OF HELPING THE LESS FORTUNATE VETERANS AND THEIR FAMILIES COPE WITH THE HARDSHIPS OF LIFE AND EXTEND THEIR HELPING HANDS TO THE NEEDY PEOPLE IN THEIR LOCAL COMMUNITY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $3,431

Program Service Revenue $0

Investment Income $77,038

Other Revenue $491

TOTAL REVENUE $80,960

Expense Breakdown

Grants Paid $3,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,542

Other Expenses $26,442

TOTAL EXPENSES $29,542

Year-over-Year Comparison

	2018	2017	Change
Revenue	$80,960	$33,348	+1.4%
Expenses	$29,542	$45,439	-0.3%
Net Income	$51,418	$-12,091	-5.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD WILCOX	CHAPLAIN	002.00	Director	$0	$0	$0
EDWARD BLACK	JUDGE ADVOCATE	002.00	Director	$0	$0	$0
TERRY KROLL	SURGEON	002.00	Director	$0	$0	$0
BILLY WALKER	TRUSTEE	002.00	Director	$0	$0	$0
ROBERT HAINES	TRUSTEE	002.00	Director	$0	$0	$0
VIRGINIA McGOWAN	ADJUTANT	002.00	Director	$0	$0	$0
TERRY KROLL	SERVICE OFFICER	002.00	Director	$0	$0	$0
MICHAEL McGOWAN	TRUSTEE	002.00	Director	$0	$0	$0
CARL KUYZK	COMMANDER	012.00	Officer	$0	$0	$0
GARY WHITE	SENIOR VICE	008.00	Officer	$0	$0	$0
MORTON CLARK	JUNIOR VICE	008.00	Officer	$0	$0	$0
JOHN SORENSON	QUARTERMASTER	030.00	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
2018	$80,960	$29,542	$122,901	$51,418

VETERANS OF FOREIGN WARS DEPARTMENT OF MICHIGAN