VETERANS OF FOREIGN WARS #5738

EIN: 386142657

CLARE, MI

Total Revenue
$68,995
Total Expenses
$77,182
Total Assets
$544,652
Net Assets
$544,652
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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
1946
Legal Domicile
MI
Principal Officer
JOHN WADDINGTON
Phone
9893867221
Tax Period
2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS #5738, founded in 1946, is a micro nonprofit that reported $69K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $77K exceeded revenue, resulting in a 12% operating deficit.

Mission

INDIRECT PUBLIC SUPPORT GIVEN TO VETERANS AND OUR 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 (2023)

Revenue Breakdown

Contributions & Grants $17,000
Program Service Revenue $9,505
Investment Income $0
Other Revenue $42,490
TOTAL REVENUE $68,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,522
Fundraising Expenses $0
Other Expenses $51,247
TOTAL EXPENSES $77,182

Year-over-Year Comparison

2023 2022 Change
Revenue $68,995 $63,675 +0.1%
Expenses $77,182 $61,575 +0.3%
Net Income $-8,187 $2,100 -4.9%
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
255
Independent Members
255
Employees
5
Volunteers
12

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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM R SCOTT COMMANDER 25.00
Officer
$0 $0 $0
TIMOTHY A SHARROW SENIOR VICE COMMANDER 25.00
Officer
$0 $0 $0
BRIAN J DARNELL JR VICE COMMANDER 10.00
Officer
$0 $0 $0
JOHN A WADDINGTON QUARTERMASTER 10.00
Officer
$0 $0 $0
DENIS E NELSON CHAPLAIN 5.00
Officer
$0 $0 $0
KELLI M KELLY TRUSTEE 0.00
Director
$0 $0 $0
JULIE A LACROSS TRUSTEE 0.00
Director
$0 $0 $0
DENIS E NELSON TRUSTEE 0.00
Director
$0 $0 $0
JEREMY J FASSETT ADJUTANT 0.00
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 $68,995 $77,182 $544,652 $-8,187
2023 $63,675 $61,575 $552,839 $2,100
2022 $72,771 $55,580 $537,584 $17,191
2021 $48,428 $40,618 $520,393 $7,810
2020 $32,067 $36,548 $512,583 $-4,481
2019 $36,987 $43,184 $517,064 $-6,197
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