VETERANS OF FOREIGN WARS DEPT OF MI

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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

1973

Legal Domicile

Principal Officer

Roy Gephart

Tax Period

2018-03-01 to 2019-02-28

VETERANS OF FOREIGN WARS DEPT OF MI, founded in 1973, is a micro nonprofit in the Public & Societal Benefit sector that reported $44K in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $60K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO ENSURE SUPPORT FOR VETERANS AND THEIR FAMILIES IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $59,601

UNIT SUPPORT RELIEF FOR VETS FLAGS AND FUNERALS SCHOLARSHIPS GOODFELLOWS,OTHER DONATIONS Other Dues TOTAL ALL PROGRAMS

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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 $2,650

Program Service Revenue $7,890

Investment Income $1

Other Revenue $33,204

TOTAL REVENUE $43,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,616

Fundraising Expenses $0

Program Expenses $59,601

Other Expenses $53,744

TOTAL EXPENSES $60,360

Year-over-Year Comparison

	2018	2017	Change
Revenue	$43,745	$48,514	-0.1%
Expenses	$60,360	$60,882	0.0%
Net Income	$-16,615	$-12,368	+0.3%

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

171

Independent Members

171

Employees

Volunteers

177

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
Roy Gephart	QUARTERMASTER	22.00	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
2019	$43,745	$60,360	$121,103	$-16,615