VETERANS OF FOREIGN WARS DEPT OF MI

EIN: 381789859 Public & Societal Benefit

LAMBERTVILLE, MI

Total Revenue
$43,745
Total Expenses
$60,360
Total Assets
$121,103
Net Assets
$121,062
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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
MI
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.

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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 (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

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Governance

Voting Members
171
Independent Members
171
Employees
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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