VETERANS OF FOREIGN WARS DEPARTMEN… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

ERIC J PALOMO

Phone

5867566756

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS DEPARTMENT OF DIST 5 6756, founded in 1946, is a small nonprofit that reported $101K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $112K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE MISSION OF THIS ORGANIZATION IS TO PROVIDE SUPPORT AND ASSISTANCE TO MILITARY VETERANS OF THE UNITED STATES

Program Service Accomplishments

Program 1

Expenses: $102,917

TO HELP VETERNS AND THEIR FAMILIES IN THE COMMUNITY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,336

Program Service Revenue $0

Investment Income $0

Other Revenue $99,973

TOTAL REVENUE $101,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,257

Fundraising Expenses $0

Program Expenses $102,917

Other Expenses $81,421

TOTAL EXPENSES $111,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,309	$156,428	-0.4%
Expenses	$111,678	$153,401	-0.3%
Net Income	$-10,369	$3,027	-4.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
ERIC J PALOMO	POST COMMANDER	18.00	Officer	$0	$0	$0
PATRICK POCRADNT	COMMANDER ADJUTANT	13.00	Officer	$0	$0	$0
PATRICK POCRADNT	QUARTER MASTER	20.00	Officer	$0	$0	$0
KEVIN ATIKINSON	CHAPLIN	5.00	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
2024	$101,309	$111,678	$4	$-10,369
2023	$156,428	$153,401	$10,373	$3,027
2022	$68,400	$61,054	$7,346	$7,346
2021	$63,401	$54,219	$12,886	$9,182
2020	$46,863	$47,071	$3,704	$-208
2019	$71,420	$94,704	$3,912	$-23,284
2018	$51,311	$98,958	$27,196	$-47,647

VETERANS OF FOREIGN WARS DEPARTMENT OF DIST 5 6756