FRED BABCOCK VFW POST 5555

EIN: 410778772

RICHFIELD, MN

Total Revenue
$467,924
Total Expenses
$512,569
Total Assets
$774,038
Net Assets
$671,856
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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
1955
Legal Domicile
MN
Principal Officer
WILLIAM MCGEE
Phone
6128695555
Tax Period
2024-07-01 to 2025-06-30

FRED BABCOCK VFW POST 5555, founded in 1955, is a small nonprofit that reported $468K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO PROVIDE BENEFITS TO MILITARY PERSONNEL

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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 $13,487
Program Service Revenue $0
Investment Income $37,590
Other Revenue $416,847
TOTAL REVENUE $467,924

Expense Breakdown

Grants Paid $5,552
Salaries & Benefits $166,305
Fundraising Expenses $0
Other Expenses $340,712
TOTAL EXPENSES $512,569

Year-over-Year Comparison

2024 2023 Change
Revenue $467,924 $526,682 -0.1%
Expenses $512,569 $465,203 +0.1%
Net Income $-44,645 $61,479 -1.7%
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
325
Independent Members
325
Employees
38
Volunteers
10

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
11
$0
Total Directors
1
$23,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS GOALEN GAMBLING MANAGER 1.00
Director
$23,400 $0 $23,400
WILLIAM A MCGEE COMMANDER 0.00
Officer
$0 $0 $0
EDWARD C FLETCHER SENIOR VICE COMMANDER 0.00
Officer
$0 $0 $0
JOHN E POWERS JUNIOR VICE COMMANDER 0.00
Officer
$0 $0 $0
ERIK R MEADE CHAPLAIN 0.00
Officer
$0 $0 $0
WILLIAM PASCHALL TRUSTEE 0.00
Officer
$0 $0 $0
RICHARD A STORLIE SERVICE OFFICER / QUARTERMASTER 0.00
Officer
$0 $0 $0
DENNIS L KENNY TRUSTEE 0.00
Officer
$0 $0 $0
DEBORAH A VANGEL ADJUTANT 0.00
Officer
$0 $0 $0
FRANCIS LUFTMAN JUDGE ADVOCATE 0.00
Officer
$0 $0 $0
KERRY A KNUTSON TRUSTEE 0.00
Officer
$0 $0 $0
ERIC C DUNN TRUSTEE 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 $467,924 $512,569 $774,038 $-44,645
2024 No data No data No data No data
2023 $983,458 $921,766 $700,705 $61,692
2022 $806,303 $755,033 $584,314 $51,270
2021 $565,150 $276,561 $549,983 $288,589
2020 $446,429 $534,125 $215,424 $-87,696
2019 $632,495 $678,459 $322,510 $-45,964
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