VETERANS OF FOREIGN WARS POST 1296

EIN: 410713354

BLOOMINGTON, MN

Total Revenue
$627,487
Total Expenses
$699,069
Total Assets
$1,643,713
Net Assets
$1,605,364
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
MN
Principal Officer
BROOKS MOLDSTEAD
Phone
9528541296
Tax Period
2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS POST 1296, founded in 1932, is a small nonprofit that reported $627K in total revenue in fiscal year 2024. Expenses of $699K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE PURPOSE OF THE COPORATION SHALL BE FRATERNAL, PATRIOTIC, HISTORICAL, CHARITABLE, AND EDUCATIONAL; TO PRESERVE AND PROTECT COMRADESHIP AMONG IT'S MEMBERS; TO ASSIST WORTHY COMRADES; TO PERPETUATE THE MEMORY AND HISTORY OF OUR DEAD, AND TO ASSIST THEIR WIDOWS AND ORPHENS; TO MAINTAIN TRUE ALLEGIANCE TO THE GOVERNMENT OF THE USA.

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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 $2,816
Program Service Revenue $1,216
Investment Income $0
Other Revenue $623,455
TOTAL REVENUE $627,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $200,826
Fundraising Expenses $0
Other Expenses $498,243
TOTAL EXPENSES $699,069

Year-over-Year Comparison

2024 2023 Change
Revenue $627,487 $654,371 0.0%
Expenses $699,069 $727,582 0.0%
Net Income $-71,582 $-73,211 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
26
Volunteers
75

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY SCHRYVER QUARTERMASTER 0.00
Director
$0 $0 $0
JOHN THOMPSON CHAPLAIN 0.00
Director
$0 $0 $0
DANIEL WYCKLENDT TRUSTEE 0.00
Director
$0 $0 $0
CLAYTON WAGNER ADJUTANT 0.00
Director
$0 $0 $0
DAVID COSTELLO SERVICE OFFICER 0.00
Director
$0 $0 $0
LOREN SWENSON JUDGE ADVOCATE 0.00
Director
$0 $0 $0
DAVID HANCE SURGEON 0.00
Director
$0 $0 $0
ROBERT KELLY TRUSTEE 0.00
Director
$0 $0 $0
JOSH DUZAN SR VICE COMMANDER 0.00
Officer
$0 $0 $0
BROOKS A MOLDESTAD COMMANDER 0.00
Officer
$0 $0 $0
CHRISTOPHER SCHMID JR VICE COMMANDER 0.00
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
2025 $627,487 $699,069 $1,643,713 $-71,582
2024 No data No data No data No data
2023 $608,192 $781,625 $1,795,332 $-173,433
2022 $572,400 $589,261 $1,983,417 $-16,861
2021 $435,338 $382,057 $2,053,795 $53,281
2021 $370,417 $422,837 $1,948,093 $-52,420
2020 $325,638 $534,221 $1,895,148 $-208,583
2019 $446,732 $563,510 $2,024,622 $-116,778
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