VETERANS OF FOREIGN WARS DEPARTMENT OF DIST 5 6756

EIN: 381348015

WARREN, MI

Total Revenue
$101,309
Total Expenses
$111,678
Total Assets
$4
Net Assets
$4
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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
1946
Legal Domicile
MI
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

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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 (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
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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
11
Independent Members
11
Employees
2
Volunteers
27

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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