VETERANS OF FOREIGN WARS POST 7702

EIN: 410878351 Public & Societal Benefit

Frazee, MN

Total Revenue
$278,421
Total Expenses
$183,735
Total Assets
$189,978
Net Assets
$189,978
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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
1947
Legal Domicile
MN
Tax Period
2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS POST 7702, founded in 1947, is a small nonprofit in the Public & Societal Benefit sector that reported $278K in total revenue in fiscal year 2023. The organization ran a surplus of $95K, a strong 34% operating margin.

Mission

THE VFW MISSION IS TO HONOR THE DEAD BY HELPING THE LIVING THROUGH VETERANS SERVICE, COMMUNITY SERVICE, NATIONAL SECURITY AND TO PROMOTE A STRONG NATIONAL DEFENSE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $85
Other Revenue $278,336
TOTAL REVENUE $278,421

Expense Breakdown

Grants Paid $4,086
Salaries & Benefits $87,009
Fundraising Expenses $0
Program Expenses $53,821
Other Expenses $92,640
TOTAL EXPENSES $183,735

Year-over-Year Comparison

2023 2022 Change
Revenue $278,421 N/A N/A
Expenses $183,735 N/A N/A
Net Income $94,686 N/A N/A
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
10
Independent Members
10
Employees
18
Volunteers
N/A

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK FLEMMER DIRECTOR 0.00
Director
$0 $0 $0
SCOTT ULSCHMID CHAPLIN 0.00
Director
$0 $0 $0
ELIZABETH LEPISTO DIRECTOR 0.00
Director
$0 $0 $0
ROBERT LUEDTKE DIRECTOR 0.00
Director
$0 $0 $0
ROBERT CLAREY COMMANDER 0.00
Officer
$0 $0 $0
RUSS MILLER ADJUTANT 0.00
Officer
$0 $0 $0
LEROY RAUSCH SERVICE OFFICER 0.00
Officer
$0 $0 $0
CHRISTOPHER CLAREY QUARTERMASTER 0.00
Officer
$0 $0 $0
SCOTT ULSCHMID JR VICE COMMANDER 0.00
Officer
$0 $0 $0
ROBERT WEGENMEN SR 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
2024 No data No data No data No data
2023 $278,421 $183,735 $189,978 $94,686
2022 $124,897 $124,052 $158,163 $845
2019 $140,073 $146,879 $158,965 $-6,806
2018 $164,545 $146,710 $177,008 $17,835
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