VETERANS OF FOREIGN WARES DEPT OF MN VFW-MINNESOTA

EIN: 410876551

NEW YORK MILLS, MN

Total Revenue
$53,284
Total Expenses
$76,359
Total Assets
$90,133
Net Assets
$90,133
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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
2009
Legal Domicile
MN
Principal Officer
THOMAS R TOUGAS
Phone
2183853510
Tax Period
2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARES DEPT OF MN VFW-MINNESOTA, founded in 2009, is a micro nonprofit that reported $53K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $76K exceeded revenue, resulting in a 43% operating deficit.

Mission

OUR MISSION IS TO PROVIDE SERVICE FOR OUR FELLOW VETERANS THROUGH CONTACTS WITH VETERANS ADMINISTRATION OF THE UNITED STATES AND ALSO PROVIDE MILITARY FUNERAL SERVICES FOR DEPARTED COMRADES. NUMEROUS SERVICES ARE ALSO PROVIDED TO RAISE COMMUNITY AWARENESS AND HONOR 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,453
Program Service Revenue $8,172
Investment Income $168
Other Revenue $25,491
TOTAL REVENUE $53,284

Expense Breakdown

Grants Paid $200
Salaries & Benefits $19,436
Fundraising Expenses $0
Program Expenses $76,359
Other Expenses $56,723
TOTAL EXPENSES $76,359

Year-over-Year Comparison

2024 2023 Change
Revenue $53,284 $163,724 -0.7%
Expenses $76,359 $203,544 -0.6%
Net Income $-23,075 $-39,820 -0.4%
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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Governance

Voting Members
12
Independent Members
12
Employees
33
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
5
$0
Total Directors
12
$80
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONRAD J MACK 2 YEAR TRUSTEE 001.00
Director
$80 $0 $80
SCOTT G KOENNICKE COMMANDER 001.00
Officer Director
$0 $0 $0
DION A MARWEG SENIOR VICE COMMANDER 001.00
Officer Director
$0 $0 $0
TERRY M FROST JUNIOR VICE COMMANDER 001.00
Officer Director
$0 $0 $0
ALLAN J JERGENSON QUARTERMASTER 004.00
Officer Director
$0 $0 $0
BRIAN R NESLAND CHAPLAIN 001.00
Officer Director
$0 $0 $0
DALE E BACHIM 2 YEAR TRUSTEE 001.00
Director
$0 $0 $0
MICHAEL S KAWLEWSKI 3 YEAR TRUSTEE 001.00
Director
$0 $0 $0
DALE E FROST ADJUTANT 001.00
Director
$0 $0 $0
ROGER D PEDERSON SENIOR OFFICER 001.00
Director
$0 $0 $0
WAYNE E PRZEPIORA JUDGE ADVOCATE 001.00
Director
$0 $0 $0
ROGER A OLSON SURGEON 001.00
Director
$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 $53,284 $76,359 $90,133 $-23,075
2023 $163,724 $203,544 $103,115 $-39,820
2022 $157,108 $170,613 $126,273 $-13,505
2021 $254,778 $176,403 $138,273 $78,375
2020 $111,522 $111,008 $71,865 $514
2019 $147,541 $162,698 $69,884 $-15,157
2018 $163,647 $149,530 $80,627 $14,117
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