VETERANS OF FOREIGN WARS INTERNATIONAL FALLS POST 2948 (EIN 410640483) - 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

1934

Legal Domicile

Principal Officer

SCOTT JONSON

Phone

2182838777

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS INTERNATIONAL FALLS POST 2948, founded in 1934, is a small nonprofit that reported $318K in total revenue in fiscal year 2024. Net assets of $753K represent 28 months of operating reserves.

Mission

BETTERMENT OF SOCIAL AND MEDICAL WELFARE OF UNITED STATES 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 (2024)

Revenue Breakdown

Contributions & Grants $164,429

Program Service Revenue $0

Investment Income $12,459

Other Revenue $140,810

TOTAL REVENUE $317,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,602

Fundraising Expenses $0

Program Expenses $322,576

Other Expenses $130,974

TOTAL EXPENSES $322,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,698	$327,968	0.0%
Expenses	$322,576	$276,748	+0.2%
Net Income	$-4,878	$51,220	-1.1%

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

$44,836

Total Directors

$44,836

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARISSA MACLEAN	JR VICE COMM	30.00	Officer Director	$38,625	$0	$38,625
BRIAN BRIGGS	QUARTERMASTE	10.00	Officer Director	$6,211	$0	$6,211
SCOTT JONSON	COMMANDER	10.00	Officer Director	$0	$0	$0
DON SCHMIDTBAUER	SR VICE COMM	5.00	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
2024	$317,698	$322,576	$763,472	$-4,878
2023	$327,968	$276,748	$766,210	$51,220
2022	$438,365	$251,195	$713,557	$187,170
2021	No data	No data	No data	No data
2021	$306,475	$198,988	$543,458	$107,487
2020	$161,195	$176,527	$430,843	$-15,332

VETERANS OF FOREIGN WARS INTERNATIONAL FALLS POST 2948