VETERANS OF FOREIGN WARS DEPT OF MICHIGAN

EIN: 381531120

WYANDOTTE, MI

Total Revenue
$325,822
Total Expenses
$368,684
Total Assets
$365,068
Net Assets
$327,877
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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

Principal Officer
ROBERT L LOUCKS
Phone
3138069813
Tax Period
2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS DEPT OF MICHIGAN is a small nonprofit that reported $326K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $369K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE SOCIAL ACTIVITIES FOR VETERANS.

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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 $41,952
Program Service Revenue $238,087
Investment Income $0
Other Revenue $45,783
TOTAL REVENUE $325,822

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,159
Fundraising Expenses $0
Other Expenses $297,525
TOTAL EXPENSES $368,684

Year-over-Year Comparison

2023 2022 Change
Revenue $325,822 $425,929 -0.2%
Expenses $368,684 $413,729 -0.1%
Net Income $-42,862 $12,200 -4.5%
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
362
Independent Members
362
Employees
8
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS GIRVIN SENIOR VICE N/A
Officer
$0 $0 $0
ROBERT L LOUCKS QUARTERMASTE N/A
Officer
$0 $0 $0
BRIAN MARTIN COMMANDER N/A
Officer
$0 $0 $0
MIKE YOST JUNIOR VICE N/A
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 $325,822 $368,684 $365,068 $-42,862
2023 $425,929 $413,729 $415,741 $12,200
2022 $533,337 $261,745 $621,883 $271,592
2021 $332,605 $320,205 $374,054 $12,400
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