VETERANS OF FOREIGN WARS POST 494

EIN: 410763665

CRYSTAL, MN

Total Revenue
$944,273
Total Expenses
$912,034
Total Assets
$775,101
Net Assets
$648,953
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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
1953
Legal Domicile
MN
Phone
7635379914
Tax Period
2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS POST 494, founded in 1953, is a small nonprofit that reported $944K in total revenue in fiscal year 2024. Expenses of $912K left a modest 3% surplus.

Mission

ENABLING THE CARE OF THE VETERAN, HIS WIDOW AND ORPHANS.

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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 $11,866
Program Service Revenue $0
Investment Income $13
Other Revenue $932,394
TOTAL REVENUE $944,273

Expense Breakdown

Grants Paid $189,784
Salaries & Benefits $531,384
Fundraising Expenses $0
Other Expenses $190,866
TOTAL EXPENSES $912,034

Year-over-Year Comparison

2024 2023 Change
Revenue $944,273 $905,220 +0.0%
Expenses $912,034 $913,150 0.0%
Net Income $32,239 $-7,930 -5.1%
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

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

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Governance

Voting Members
12
Independent Members
12
Employees
72
Volunteers
25

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
9
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED CRIMMINS 2ND YR TRUSTEEOFFICER OF THE DAY 2.00
Director
$0 $0 $0
JAY LEAMONS 1ST YR TRUSTEE 2.00
Director
$0 $0 $0
DAVE SOUKUP 3RD YR TRUSTEE 2.00
Director
$0 $0 $0
JAMES RICHTER QUARTERMASTER 10.00
Officer
$0 $0 $0
RICK GODFREY COMMANDER 2.00
Officer
$0 $0 $0
GENE BURDICK ASST QUARTERMASTER 0.00
Officer
$0 $0 $0
SANDRA LINDLEY ADJUTANT SR VICE COMMANDER 2.00
Officer
$0 $0 $0
STEVE JONES CHAPLIN 0.00
Officer
$0 $0 $0
DON FERNSTROM JUDGE ADVOCATESERVICE OFFICER 2.00
Officer
$0 $0 $0
STEVE HAWK SURGEON 2.00
Officer
$0 $0 $0
TRAVIS NIENABER DOOR GUARD 2.00
Officer
$0 $0 $0
JOHN FAULK JR VICE COMMANDER 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 $944,273 $912,034 $775,101 $32,239
2023 $905,220 $913,150 $762,357 $-7,930
2022 $810,035 $829,212 $767,529 $-19,177
2021 $953,424 $753,284 $759,439 $200,140
2020 $570,429 $600,693 $477,225 $-30,264
2019 $796,360 $772,991 $542,897 $23,369
2018 $698,184 $692,972 $494,907 $5,212
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