Veterans of Foreign Wars of the US… - Form 990 Financial Data

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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

1947

Legal Domicile

Principal Officer

CHERIE WILSON

Phone

9898591342

Tax Period

2023-07-01 to 2024-06-30

Veterans of Foreign Wars of the US Dept of Michigan Ladies Auxiliary, founded in 1947, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Expenses of $73K exceeded revenue, resulting in a 36% operating deficit.

Mission

PROVIDE ASSISTANCE TO VFW POST 3651 TO ALLOW THEM TO OPERATE AND MAINTAIN THEIR HALL. PROVIDE FUNERAL LUNCHES, MEMORIAL SERVICES, SCHOLARSHIPS, CHILDRENS COMMUNITY PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $38,331

PROVIDE FINANCIAL ASSISTANCE TO VFW POST 3651, VFW NATIONAL VA HOSPITAL

Program 2

Expenses: $7,080

PROVICE FUNERAL LUNCHES, CEMETARY CERIMONIAL WREATHS, ASSISTANCE TO VETERANS AND CHILDRENS PROGRAMS

Program 3

Expenses: $12,310

COMMUNITY DONATIONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,044

Program Service Revenue $0

Investment Income $30

Other Revenue $49,557

TOTAL REVENUE $53,631

Expense Breakdown

Grants Paid $58,602

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,721

Other Expenses $14,474

TOTAL EXPENSES $73,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,631	$52,006	+0.0%
Expenses	$73,076	$57,646	+0.3%
Net Income	$-19,445	$-5,640	+2.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

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
CATHERINE SASSE	PRESIDENT	010.00	Officer	$0	$0	$0
CHERIE WILSON	TREASURER	010.00	Officer	$0	$0	$0
DEBBIE BAKER	SR. VICE PRESIDENT	005.00	Officer	$0	$0	$0
MELODY SCHALK	JR. VICE PRESIDENT	005.00	Officer	$0	$0	$0
ESTHER ROSE	SECRETARY	005.00	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
2025	No data	No data	No data	No data
2024	$53,631	$73,076	$24,826	$-19,445
2023	$52,006	$57,646	$44,271	$-5,640

Veterans of Foreign Wars of the US Dept of Michigan Ladies Auxiliary