VETERANS OF FOREIGN WARS DEPT OF MN (EIN 410846516) - 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

1961

Legal Domicile

Phone

6515654766

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS DEPT OF MN, founded in 1961, is a small nonprofit that reported $435K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

PROVIDES FUNDING FOR LOCAL CHARITABLE ORGANIZATIONS FUNDED THROUGH THE GAMBLING OPERATIONS ALONG WITH PROVIDING A SOCIAL ENVIRONMENT FOR VETERANS.

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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 $15,254

Program Service Revenue $0

Investment Income $5,461

Other Revenue $413,816

TOTAL REVENUE $434,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,576

Fundraising Expenses $0

Program Expenses $437,363

Other Expenses $296,787

TOTAL EXPENSES $437,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,531	$512,300	-0.2%
Expenses	$437,363	$529,784	-0.2%
Net Income	$-2,832	$-17,484	-0.8%

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

$6,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SWARTOVT	QUARTERMASTERADJUTANT	10.00	Officer	$6,300	$0	$6,300
JAMES MATHIAS	3 YR TRUSTEE	2.00	Officer	$90	$0	$90
BOB SWARTOUT	JR VICE PRESIDENTCHAPLAIN	0.00	Officer	$0	$0	$0
DAVE HUTH	COMMANDER	0.00	Officer	$0	$0	$0
KEVIN ZIEMANN	SR VICE PRESIDENT	0.00	Officer	$0	$0	$0
FRED PASSE	1 YR TRUSTEE	0.00	Officer	$0	$0	$0
MIKE BROWN	2 YR 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
2024	$434,531	$437,363	$270,891	$-2,832
2023	$512,300	$529,784	$273,723	$-17,484
2022	$490,440	$458,851	$291,207	$31,589
2021	$358,559	$361,781	$262,233	$-3,222
2020	$265,228	$272,780	$262,840	$-7,552

VETERANS OF FOREIGN WARS DEPT OF MN