FOREST LAKE POST NO 4210 VETERANS … - Form 990 Financial Data

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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

1945

Legal Domicile

Principal Officer

ROGER FREDSALL

Phone

6514646827

Tax Period

2024-01-01 to 2024-12-31

FOREST LAKE POST NO 4210 VETERANS OF FOREIGN WARS DEPT OF THE UNITED STATES, founded in 1945, is a small nonprofit that reported $443K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $406K left a modest 8% surplus.

Mission

THE VFW SERVES VETERAMS OF FOREIGN WARS AND THE COMMUNITIES THEY LIVE IN.

Program Service Accomplishments

Program 1

Expenses: $188,699 Revenue: $175,294

CLUB WHICH OFFERS FOOD AND BEVERAGES YEAR-ROUND TO MEMBERS AND NON-MEMBERS. IT PROVIDES A PLACE TO GATHER FOR MEETINGS AND SOCIAL EVENTS.

Program 2

Expenses: $179,632 Revenue: $215,464

LAWFUL GAMBLING CONSISTING OF PULLTABS AND PADDLETICKETS. THIS PROVIDES AN ACTIVITY WHICH RAISES MONEY TO BE USED FOR CHARITABLE EVENTS IN THE AREA.

Program 3

Expenses: $38,118 Revenue: $51,989

PROVIDING THE FACILITIES AND MEANS BY WHICH GOOD, MORAL, EDUCATIONAL AND RECREATIONAL ACTIVITIES ARE MADE AVAILABLE TO THE MEMBERSHIP AND FAMILIES.

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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 $19,947

Program Service Revenue $0

Investment Income $2,198

Other Revenue $420,602

TOTAL REVENUE $442,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $406,449

Other Expenses $406,449

TOTAL EXPENSES $406,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$442,747	$479,576	-0.1%
Expenses	$406,449	$249,185	+0.6%
Net Income	$36,298	$230,391	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM PRINSEN	COMMANDER	2.00	Officer Director	$0	$0	$0
NICHOLAS A MILLETTE	SR VICE COMMANDER	2.00	Officer Director	$0	$0	$0
WALTER PETERSON	JR VICE COMMANDER	2.00	Officer Director	$0	$0	$0
ROGER FREDSALL	QUARTERMASTER	5.00	Officer Director	$0	$0	$0
DAVID ROVANG	CHAPLAIN	1.00	Director	$0	$0	$0
SCOTT REICHERT	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN BORGAN	TRUSTEE	1.00	Director	$0	$0	$0
DEAN KNUTSON	TRUSTEE	1.00	Director	$0	$0	$0
SEAN FREDSALL	ADJUTANT	1.00	Director	$0	$0	$0
MICHAEL CHRISTIANSON	SERVICE OFFICER/JUDGE ADVOCATE	1.00	Director	$0	$0	$0
JANE SEELOW	SURGEON	1.00	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	$442,747	$406,449	$767,811	$36,298
2023	$479,576	$249,185	$771,787	$230,391
2022	$10,865	$10,839	$612,199	$26
2021	$76,858	$5,003	$577,923	$71,855
2020	$-40,879	$6,521	$348,261	$-47,400
2018	$546,681	$546,208	$353,230	$473

FOREST LAKE POST NO 4210 VETERANS OF FOREIGN WARS DEPT OF THE UNITED STATES