VETERANS OF FOREIGN WARS INTERNATIONAL FALLS POST 2948

EIN: 410640483

INTERNATIONAL FALLS, MN

Total Revenue
$317,698
Total Expenses
$322,576
Total Assets
$763,472
Net Assets
$753,305
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
MN
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

PROMOTION OF SOCIAL AND MEDICAL WELFARE OF UNITED STATES VETERANS. SOCIAL CLUB IS OPERATED FOR MEMBERS AND GUESTS ONLY. TRANSPORTATION TO VA MEDICAL FACILITIES IS PROVIDED ON AN AS NEEDED BASIS.

Program Service Accomplishments

Program 1
Expenses: $322,576

OPERATION OF SOCIAL CLUB FOR VETERANS, MAINTENANCE OF POST FACILITIES AND MEDICAL TRANSPORTATION AS NEEDED.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
18
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
4
$44,836
Total Directors
4
$44,836
Key Employees
0
$0
Highest Compensated
0
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
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