VETERANS OF FOREIGN WARS DEPT OF MICHIGAN GUS KARACKSON POST 2284 (EIN 386142478) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

Dave Dudley

Phone

2696638007

Tax Period

2022-07-01 to 2023-06-30

VETERANS OF FOREIGN WARS DEPT OF MICHIGAN GUS KARACKSON POST 2284, founded in 1979, is a micro nonprofit that reported $71K in total revenue in fiscal year 2022. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 27% operating deficit.

Mission

To support and assist VFW members and local 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,113

Program Service Revenue $0

Investment Income $112

Other Revenue $68,658

TOTAL REVENUE $70,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,060

Fundraising Expenses $0

Program Expenses $291,271

Other Expenses $30,877

TOTAL EXPENSES $90,079

Year-over-Year Comparison

	2022	2021	Change
Revenue	$70,883	$186,019	-0.6%
Expenses	$90,079	$136,771	-0.3%
Net Income	$-19,196	$49,248	-1.4%

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

123

Independent Members

123

Employees

Volunteers

100

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
Bill Wooley	Jr Vice Commander	2	Officer	$0	$0	$0
Dave Dudley	Commander	30	Officer	$0	$0	$0
Timothy Bauman	Quartermaster	2	Officer	$0	$0	$0
Bill Lock	Post Advocate	0.5	Officer	$0	$0	$0
Phil Peters	Trustee	1	Officer	$0	$0	$0
Mike Dailey	Trustee	0.5	Officer	$0	$0	$0
Kathy Dailey	Service Officer	5	Officer	$0	$0	$0
Gerry Weingart	Trustee	0.5	Officer	$0	$0	$0
Kathy Daily	Sr Vice Commander	2	Officer	$0	$0	$0
Mike Healey	Adjutant	1	Officer	$0	$0	$0
Mark Trotter	Chaplain	1	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
2023	$70,883	$90,079	$93,917	$-19,196
2022	$186,019	$136,771	$121,890	$49,248
2021	$128,907	$79,299	$74,758	$49,608

VETERANS OF FOREIGN WARS DEPT OF MICHIGAN GUS KARACKSON POST 2284