VETERANS OF FOREIGN WARS DEPT OF M… - Form 990 Financial Data

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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

1921

Legal Domicile

Principal Officer

BARRY HENRIKSEN

Phone

6512911757

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS DEPT OF MINNESOTA, founded in 1921, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $2.2M represent 26 months of operating reserves.

Mission

THE VETERANS OF FOREIGN WARS, DEPARTMENT OF MINNESOTA,PROVIDES NUMEROUS SERVICES TO MILITARY SERVICE MEMBERS AND THEIR FAMILIES THROUGH EDUCATIONAL, MEDICAL, AND REHABILITATIVE PROGRAMS IN MINNESOTA

Program Service Accomplishments

Program 1

THE DEPARTMENT OF MINNESOTA, VFW CLAIM SERVICE OFFICE ASSIST HONORABLE DISCHARGED VETERANS FREE OF CHARGE. THIS SERVICE HELPS VETERANS SEEKING BENEFITS AND ENTITLEMENTS FROM THE VA. THE VFW CLAIMS...

THE DEPARTMENT OF MINNESOTA, VFW CLAIM SERVICE OFFICE ASSIST HONORABLE DISCHARGED VETERANS FREE OF CHARGE. THIS SERVICE HELPS VETERANS SEEKING BENEFITS AND ENTITLEMENTS FROM THE VA. THE VFW CLAIMS OFFICE OFFERS REPRESENTATION OF THESE VETERANS BEFORE THE BOARD OF APPEALS AND OTHER PANELS THAT DETERMINE DISABILITY CLAIMS FOR VETERANS

Program 2

THE VFW VA HOSPITAL AND SCHOLARSHIP PROGRAMS GRANT VA MEDICAL CENTER VETERANSPATIENTS AND RESIDENTS CERTAIN RECREATIONAL OPPORTUNITIES

Program 3

VFW YOUTH SCHOLARSHIP PROGRAMS AND COMPETITIVE PARTICIPATION IN VARIOUS EVENTS ALLOW MINNESOTA YOUTH TO DEVELOP LIFE SKILLS IN AREAS OF SPEECH, WRITING, AND SPORTS.

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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 $735,736

Program Service Revenue $0

Investment Income $264,466

Other Revenue $15,975

TOTAL REVENUE $1,016,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $460,061

Fundraising Expenses $0

Other Expenses $552,025

TOTAL EXPENSES $1,012,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,016,177	$1,148,003	-0.1%
Expenses	$1,012,086	$1,146,862	-0.1%
Net Income	$4,091	$1,141	+2.6%

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

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
DR JAMES TUORILA	SURGEON GENERAL	1	Officer Director	$0	$0	$0
DALE HOOGEVEN	NATIONAL COUNCIL OF ADMINISTRATIO	1	Officer Director	$0	$0	$0
EDWARD KEOGH	STATE COMMANDER	1	Officer Director	$0	$0	$0
CHARLES HAWKINS SR	SR VICE SOMMANDER	1	Officer Director	$0	$0	$0
MARY THOMPSON	JR VICE COMMANDER	1	Officer Director	$0	$0	$0
BARRY HENRIKSEN	ADJUTANT QUARTERMASTER	1	Officer Director	$0	$0	$0
TODD ROBERTS	JUDGE ADVOCATE	1	Officer Director	$0	$0	$0
SCOTT HANSON	CHAPLAIN	1	Officer 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	$1,016,177	$1,012,086	$2,284,624	$4,091
2024	$1,148,003	$1,146,862	$2,259,594	$1,141
2023	$993,415	$989,266	$2,251,332	$4,149
2022	$521,829	$839,592	$2,240,701	$-317,763
2021	$1,371,226	$913,894	$2,589,530	$457,332
2020	$831,654	$858,935	$2,100,615	$-27,281
2019	$992,564	$898,244	$2,194,448	$94,320

VETERANS OF FOREIGN WARS DEPT OF MINNESOTA