VETERANS OF FOREIGN WARS DEPT OF 1350 VFW MINN (EIN 410685648) - 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

1980

Legal Domicile

Principal Officer

STEVE MAUKSTAD

Phone

6517772855

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS DEPT OF 1350 VFW MINN, founded in 1980, is a micro nonprofit that reported $14K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $19K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO SERVE VETERANS THEIR FAMILIES AND THEIR COMMUNITIES.

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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 $5,176

Program Service Revenue $954

Investment Income $138

Other Revenue $7,764

TOTAL REVENUE $14,032

Expense Breakdown

Grants Paid $27,274

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $-8,097

TOTAL EXPENSES $19,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,032	$23,807	-0.4%
Expenses	$19,177	$10,757	+0.8%
Net Income	$-5,145	$13,050	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN URBANSKI	TRUSTEE	2.00	Director	$0	$0	$0
DAVE RANKIN	POPPY CHAIRGAMBLING MGR	10.00	Director	$0	$0	$0
JAMES HANNEGAN	TRUSTEE	2.00	Director	$0	$0	$0
GLEN LOCKWOOD	TRUSTEE	2.00	Director	$0	$0	$0
MELVIN SVENSON	CHAPLIN	2.00	Officer	$0	$0	$0
STEVE MAUKSTAD	COMMANDER	2.00	Officer	$0	$0	$0
WILLIAM JESSEN	SR VICE COMMANDER	2.00	Officer	$0	$0	$0
DAVID LOVOLD	JR VICE COMMANDERJUDGE ADVOCATE	2.00	Officer	$0	$0	$0
PETER OLOFSON	ADJUTANT	2.00	Officer	$0	$0	$0
MIKE SOMAN	QUARTERMASTERSERV OFFICER	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	$14,032	$19,177	$389,419	$-5,145
2023	$23,807	$10,757	$409,090	$13,050
2022	$65,286	$5,757	$421,627	$59,529
2021	$117,361	$8,275	$374,407	$109,086
2020	$-21,306	$10,965	$293,252	$-32,271
2019	$35,018	$8,572	$317,821	$26,446
2018	$24,605	$11,236	$302,575	$13,369

VETERANS OF FOREIGN WARS DEPT OF 1350 VFW MINN