VETERANS OF FOREIGN WARS DEPT OF MICHIGAN (EIN 386142637) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

THOMAS ALLEN

Phone

9899155169

Tax Period

2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS DEPT OF MICHIGAN, founded in 1945, is a micro nonprofit that reported $53K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 18% operating margin.

Mission

Perform community services to help support citizens of the community through various scholarships and grants along with maintaining a facility for the benefit of the members.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,307

Program Service Revenue $0

Investment Income $399

Other Revenue $46,315

TOTAL REVENUE $53,021

Expense Breakdown

Grants Paid $427

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $43,217

TOTAL EXPENSES $43,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,021	$38,366	+0.4%
Expenses	$43,644	$47,880	-0.1%
Net Income	$9,377	$-9,514	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
David Luck	Commander	N/A	Officer Director	$0	$0	$0
Thomas Allen	Quarter Master/Adjutant	N/A	Officer Director	$0	$0	$0
Sheryl Tussey	Senior Vice Commander	N/A	Officer Director	$0	$0	$0
Mark Roemer	Junior Vice Commander	N/A	Officer Director	$0	$0	$0
Michael Zultak	Trustee	N/A	Director	$0	$0	$0
Troy Herblet	Trustee	N/A	Director	$0	$0	$0
Kenneth Melvin	Trustee	N/A	Director	$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	$53,021	$43,644	$97,053	$9,377
2023	$38,366	$47,880	$87,676	$-9,514
2019	$47,199	$51,051	$32,451	$-3,852

VETERANS OF FOREIGN WARS DEPT OF MICHIGAN