VETERANS OF FOREIGN WARS OF THE UNITED STATES (EIN 391023828) - 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

1946

Legal Domicile

Principal Officer

DAVID C FREITAG

Phone

9204580801

Tax Period

2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS OF THE UNITED STATES, founded in 1946, is a small nonprofit that reported $327K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $361K exceeded revenue, resulting in a 10% operating deficit.

Mission

VETERANS ORGANIZATION HELPING OTHER 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 (2023)

Revenue Breakdown

Contributions & Grants $2,427

Program Service Revenue $315,391

Investment Income $0

Other Revenue $9,524

TOTAL REVENUE $327,342

Expense Breakdown

Grants Paid $4,700

Salaries & Benefits $219,046

Fundraising Expenses $0

Program Expenses $339,103

Other Expenses $137,414

TOTAL EXPENSES $361,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,342	$531,880	-0.4%
Expenses	$361,160	$427,311	-0.2%
Net Income	$-33,818	$104,569	-1.3%

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

395

Employees

Volunteers

N/A

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
JOHN FIELDS	3RD YEAR TRU	N/A	Director	$0	$0	$0
DANIEL FOX	2ND YEAR TRU	N/A	Director	$0	$0	$0
DAVID C FREITAG	POST COMMAND	N/A	Officer Director	$0	$0	$0
KEVIN HAFEMEISTER	1ST YEAR TRU	N/A	Director	$0	$0	$0
JOHN ISON	JR VICE COMM	N/A	Officer Director	$0	$0	$0
ANITA M KOHLHAGEN	QUARTERMASTE	N/A	Officer Director	$0	$0	$0
MATTHEW WALLNER	CHAPLIN	N/A	Director	$0	$0	$0
MICHAEL WRIGHT	SR VICE COMM	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
2024	$327,342	$361,160	$526,138	$-33,818
2023	$531,880	$427,311	$516,452	$104,569
2022	$321,753	$457,334	$529,138	$-135,581
2021	$426,383	$277,413	$736,466	$148,970
2020	$251,518	$250,386	$564,628	$1,132
2019	$214,808	$208,393	$440,813	$6,415
2018	$161,190	$170,344	$436,282	$-9,154

VETERANS OF FOREIGN WARS OF THE UNITED STATES