VETERANS OF FOREIGN WARS DEPT OF MICHIGAN (EIN 386142516) - 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

Principal Officer

TODD WODZINSKI

Phone

2488404702

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS DEPT OF MICHIGAN is a small nonprofit that reported $181K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

THE VETERANS OF FOREIGN WARS OF THE UNITED STATES (VFW) IS A NONPROFIT ORGANIZATION THAT SERVES VETERANS, THE MILITARY AND COMMUNITIES. THE VFW'S PURPOSE IS TO ENSURE THAT VETERANS ARE RESPECTED, RECEIVE THEIR EARNED BENEFITS AND ARE RECOGNIZED FOR THEIR SACRIFICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $180,956

TOTAL REVENUE $180,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $192,671

TOTAL EXPENSES $192,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,956	$243,429	-0.3%
Expenses	$192,671	$214,042	-0.1%
Net Income	$-11,715	$29,387	-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

Independent Members

Employees

N/A

Volunteers

226

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
TODD WODZINSKI	COMMANDER	N/A	Officer	$0	$0	$0
CHARLES KNIFFEN	SENIOR VICE	N/A	Officer	$0	$0	$0
PHIL MEOLA	JUNIOR VICE	N/A	Officer	$0	$0	$0
KEN ROBERTS	QUARTERMASTE	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
2025	$180,956	$192,671	$129,620	$-11,715
2024	$243,429	$214,042	$141,335	$29,387

VETERANS OF FOREIGN WARS DEPT OF MICHIGAN