OTSEGO POST NO 3030 VETERANS OF FOREIGN WARS OF THE USA

EIN: 381326857

OTSEGO, MI

Total Revenue
$78,209
Total Expenses
$86,488
Total Assets
$163,340
Net Assets
$162,176
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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
1979
Legal Domicile
MI
Principal Officer
JASON MACE
Phone
2696944615
Tax Period
2023-07-01 to 2024-06-30

OTSEGO POST NO 3030 VETERANS OF FOREIGN WARS OF THE USA, founded in 1979, is a micro nonprofit that reported $78K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $86K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ASSIST ITS MEMBERS AND PRESERVE AND DEFEND THE USA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $31,918
Program Service Revenue $0
Investment Income $357
Other Revenue $45,934
TOTAL REVENUE $78,209

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,089
Fundraising Expenses $0
Other Expenses $82,399
TOTAL EXPENSES $86,488

Year-over-Year Comparison

2023 2022 Change
Revenue $78,209 $96,985 -0.2%
Expenses $86,488 $118,530 -0.3%
Net Income $-8,279 $-21,545 -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

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Governance

Voting Members
4
Independent Members
4
Employees
3
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN ALDERMAN JR VICE COMM 5.00
Director
$0 $0 $0
RON BURRSETT SR VICE COMM 5.00
Director
$0 $0 $0
KRIS LATHER COMMANDER 10.00
Director
$0 $0 $0
JASON MACE QUARTERMASTE 10.00
Officer Director
$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
2024 $78,209 $86,488 $163,340 $-8,279
2023 $96,985 $118,530 $171,540 $-21,545
2022 $77,067 $86,914 $193,130 $-9,847
2021 $69,181 $64,238 $202,934 $4,943
2020 $65,428 $84,798 $197,505 $-19,370
2019 $83,040 $95,518 $217,281 $-12,478
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