VETERANS OF FOREIGN WARS DEPT OF

EIN: 411477420

WATKINS, MN

Total Revenue
$77,356
Total Expenses
$72,791
Total Assets
$218,695
Net Assets
$217,569
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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
1972
Legal Domicile
MN
Tax Period
2023-10-01 to 2024-09-30

VETERANS OF FOREIGN WARS DEPT OF, founded in 1972, is a micro nonprofit that reported $77K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $73K left a modest 6% surplus.

Mission

ORGANIZATION FOR BENEFIT OF PAST AND PRESENT MEMBERS OF ARMED FORCES OF THE USA. ALSO CONTRIBUTETO COMMUNITY AND LOCAL YOUTH

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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 $411
Program Service Revenue $0
Investment Income $98
Other Revenue $76,847
TOTAL REVENUE $77,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $70,976
Other Expenses $72,791
TOTAL EXPENSES $72,791

Year-over-Year Comparison

2023 2022 Change
Revenue $77,356 $54,525 +0.4%
Expenses $72,791 $44,514 +0.6%
Net Income $4,565 $10,011 -0.5%
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
11
Independent Members
11
Employees
2
Volunteers
11

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
1
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE REIKOFSKI COMMANDER 1.00
Officer
$0 $0 $0
DONALD DUFNER MANAGER 5.00
Key Emp
$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 $77,356 $72,791 $218,695 $4,565
2023 $54,525 $44,514 $215,039 $10,011
2022 $67,038 $56,774 $204,310 $10,264
2021 $57,336 $53,007 $193,901 $4,329
2020 $25,623 $22,229 $188,400 $3,394
2019 $63,142 $59,352 $185,006 $3,790
2018 $63,750 $46,021 $181,216 $17,729
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