VETERANS OF FOREIGN WARS POST #1403

EIN: 410657718

BENSON, MN

Total Revenue
$2,857
Total Expenses
$6,663
Total Assets
$250,264
Net Assets
$250,144
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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
1932
Legal Domicile
MN
Principal Officer
RAY A ANDERSON
Phone
3208734106
Tax Period
2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS POST #1403, founded in 1932, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 133% operating deficit.

Mission

30 OF GROSS PROFITS

Program Service Accomplishments

Program 1
Expenses: $6,663

THESE FUNDS WERE GENERATED THROUGH PROGRAM ACTIVITIES OF THE POST. THESE EXPENSES WERE USED TO PAY THE EXPENSES RELATED TO THE PROGRAM ACTIVITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,108
Program Service Revenue $3,598
Investment Income $2,124
Other Revenue $-4,973
TOTAL REVENUE $2,857

Expense Breakdown

Grants Paid $670
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,663
Other Expenses $5,993
TOTAL EXPENSES $6,663

Year-over-Year Comparison

2023 2022 Change
Revenue $2,857 $16,442 -0.8%
Expenses $6,663 $8,143 -0.2%
Net Income $-3,806 $8,299 -1.5%
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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Governance

Voting Members
11
Independent Members
9
Employees
3
Volunteers
153

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
$15,495
Total Directors
11
$15,495
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY A ANDERSON SENIOR VICE COMMANDER 002.00
Officer Director
$12,895 $0 $12,895
RYAN A HANSON COMMANDER 002.00
Officer Director
$2,600 $0 $2,600
MICHAEL E HOFFMAN JUNIOR VICE COMMANDER 001.00
Officer Director
$0 $0 $0
ROBERT J COOK QUARTERMASTER 020.00
Officer Director
$0 $0 $0
CLETUS M GROSSMAN CHAPLAIN 001.00
Officer Director
$0 $0 $0
JAMES M OFFERDAHL ADJUTANT 001.00
Officer Director
$0 $0 $0
KENNETH B HANSON 1-YEAR TRUSTEE 001.00
Director
$0 $0 $0
DONALD SPENCER 2-YEAR TRUSTEE 001.00
Director
$0 $0 $0
PRESTON M FLOLO 3-YEAR TRUSTEE 001.00
Director
$0 $0 $0
DAVID M BARRETT SERVICE OFFICER 001.00
Director
$0 $0 $0
PRESETON M FLOLO SURGEON 002.00
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
2025 No data No data No data No data
2024 $2,857 $6,663 $250,264 $-3,806
2023 $16,442 $8,143 $253,991 $8,299
2022 $18,904 $9,280 $245,678 $9,624
2021 $28,052 $4,502 $236,029 $23,550
2020 $-3,359 $5,278 $213,975 $-8,637
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