VETERANS OF FOREIGN WARS POST 1720

EIN: 410656712

GRAND RAPIDS, MN

Total Revenue
$175,202
Total Expenses
$169,485
Total Assets
$1,276,712
Net Assets
$1,275,627
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
MN
Principal Officer
JOEL KVILVANG
Phone
2183160538
Tax Period
2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS POST 1720, founded in 1949, is a small nonprofit that reported $175K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $169K left a modest 3% surplus.

Mission

PROMOTE SOCIAL WELFARE OF OUR VETERANS, MEET THEIR NEEDS, PROVIDE A SAFE ENVIRONMENT FOR THEM TO SOCIALIZE AND DISCUSS AND TO HELP EDUCATE THEM ON VETERAN ISSUES.

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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 $9,546
Program Service Revenue $0
Investment Income $3,260
Other Revenue $162,396
TOTAL REVENUE $175,202

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,837
Fundraising Expenses $0
Program Expenses $169,269
Other Expenses $88,648
TOTAL EXPENSES $169,485

Year-over-Year Comparison

2024 2023 Change
Revenue $175,202 $211,165 -0.2%
Expenses $169,485 $230,860 -0.3%
Net Income $5,717 $-19,695 -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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
33
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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE HEIM GAMBLING MGR 3.00
Director
$0 $0 $0
JOHN VAUDRIN Trustee 3.00
Director
$0 $0 $0
JOEL KVILVANG COMMANDER 3.00
Officer Director
$0 $0 $0
JAMES MOZEY QUARTERMASTER 3.00
Officer Director
$0 $0 $0
JOEL TOWNSEND JR VICE COMM 3.00
Officer Director
$0 $0 $0
KENNY HURLBUT SR VICE COM 3.00
Officer Director
$0 $0 $0
DALE MATTESON Trustee 1.00
Director
$0 $0 $0
DAN MAYO Trustee 1.00
Director
$0 $0 $0
RAYMOND LAPLANT JR VIC COM 1.00
Director
$0 $0 $0
DENNIS JEROME CHAPLAIN 1.00
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 $175,202 $169,485 $1,276,712 $5,717
2023 $211,165 $230,860 $1,249,910 $-19,695
2022 $303,993 $345,433 $1,269,605 $-41,440
2021 $256,169 $136,058 $1,328,125 $120,111
2020 $1,172,940 $99,919 $1,208,014 $1,073,021
2019 $153,783 $145,907 $135,646 $7,876
2018 $137,034 $148,412 $127,247 $-11,378
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