VETERANS OF FOREIGN WARS DEPARTMEN… - 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

1938

Legal Domicile

Principal Officer

JORDAN VORE

Phone

5074511001

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS DEPARTMENT 3723 VFW-MN, founded in 1938, is a small nonprofit that reported $299K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $82K, a strong 27% operating margin.

Mission

SUPPORT PATRIOTISM AND ASSIST AREA VETERANS

Program Service Accomplishments

Program 1

ENCOURAGE COMMUNITY SERVICE AND INCREASE CIVIC PRIDE, WHICH ENHANCES EDUCATION, IMPROVES THE ENVIRONMENT AND ENSURES THE AVAILABILITY OF HEALTH SERVICES FOR OUR NATION'S VETERANS.

Program 2

CITIZENSHIP EDUCATION PROGRAM STIMULATES AN INTEREST IN AMERICA'S HISTORY, ITS TRADITIONS AND INSTITUTIONS, AS WELL AS PROMOTE PATRIOTISM.

Program 3

WORK WITH YOUTH IN SCOUTING, SPORTS, ROTC AND MILITARY CADET PROGRAMS. BY PROVIDING LEADERS, FUNDING, SPONSORSHIPS AND OTHER RESOURCES, THE VFW ENCOURAGES YOUNG ADULTS TO HIGHER IDEALS AND GREATER...

WORK WITH YOUTH IN SCOUTING, SPORTS, ROTC AND MILITARY CADET PROGRAMS. BY PROVIDING LEADERS, FUNDING, SPONSORSHIPS AND OTHER RESOURCES, THE VFW ENCOURAGES YOUNG ADULTS TO HIGHER IDEALS AND GREATER PERSONAL ACHIEVEMENT.

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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 $0

Program Service Revenue $17,347

Investment Income $5,505

Other Revenue $276,202

TOTAL REVENUE $299,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,972

Fundraising Expenses $0

Program Expenses $217,280

Other Expenses $156,308

TOTAL EXPENSES $217,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,054	$257,405	+0.2%
Expenses	$217,280	$190,653	+0.1%
Net Income	$81,774	$66,752	+0.2%

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

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

$7,549

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN VORE	COMMANDER	2.00	Officer	$3,649	$0	$3,649
MIKE MEYER	QUARTERMASTE	2.00	Officer	$2,100	$0	$2,100
TERRY WARNER	CHAPLAIN	2.00	Officer	$1,800	$0	$1,800
RENE GILORMINI	SERVICE OFFI	2.00	Director	$0	$0	$0
JAMES HOFFMANN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID LINDERS	ADJUTANT	2.00	Director	$0	$0	$0
JAMES ROWE	SURGEON	2.00	Director	$0	$0	$0
DAVE THUL	TRUSTEE	4.00	Director	$0	$0	$0
RONNIE BLAKSTAD	SR VICE COMM	2.00	Officer	$0	$0	$0
DANA WESLEY	JR VICE COMM	2.00	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	No data	No data	No data	No data
2023	$299,054	$217,280	$869,154	$81,774
2022	$257,405	$190,653	$783,050	$66,752
2021	$335,613	$181,570	$716,561	$154,043
2020	$138,777	$156,182	$579,338	$-17,405
2019	$247,954	$178,174	$577,963	$69,780
2018	$244,078	$188,008	$508,751	$56,070

VETERANS OF FOREIGN WARS DEPARTMENT 3723 VFW-MN