VETERANS OF FOREIGN WARS OF OHIO CHARITIES (EIN 412078103) - 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

2003

Legal Domicile

Principal Officer

DAN FAULKNER

Phone

6142221611

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS OF OHIO CHARITIES, founded in 2003, is a mid-sized nonprofit in the Human Services sector that reported $13.6M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $12.3M left a modest 9% surplus.

Mission

VETERANS OF FOREIGN WARS OF OHIO CHARITIES WAS FORMED TO PROMOTE AND FUND CHARITABLE AND BENEVOLENT INSTITUTIONS BY ESTABLISHING GRANT OPPORTUNITIES FOR ORGANIZATIONS THAT ADVANCE THE WELFARE OF NEEDY AND DISABLED VETERANS, WIDOWS, OR ORPHANS OF DECEASED 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 (2023)

Revenue Breakdown

Contributions & Grants $13,439,008

Program Service Revenue $98,375

Investment Income $36,189

Other Revenue $-2,597

TOTAL REVENUE $13,570,975

Expense Breakdown

Grants Paid $11,266,829

Salaries & Benefits $255,463

Fundraising Expenses $0

Program Expenses $11,898,327

Other Expenses $820,300

TOTAL EXPENSES $12,342,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,570,975	$8,544,068	+0.6%
Expenses	$12,342,592	$7,929,166	+0.6%
Net Income	$1,228,383	$614,902	+1.0%

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

$73,202

Total Directors

$73,202

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRIS FOSTER-DENIEUWE	EXECUTIVE DIRECTOR (THRU 9/1/24)	40.00	Officer Director	$73,202	$0	$73,202
DAN FAULKNER	EXECUTIVE DIRECTOR (EFF 9/1/24)	0.00	Officer Director	$0	$0	$0
JAMES HORDINSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS HAYNES	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
JON GREENE	SR VICE PRESIDENT	1.00	Director	$0	$0	$0
COLLEEN WILEY	JR VICE PRESIDENT	1.00	Director	$0	$0	$0
JIM DICKENS	SECRETARY	1.00	Director	$0	$0	$0
KARI PFEIFER	JUDGE	1.00	Director	$0	$0	$0
TOM LEININGER	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
ROY TENHUNDFELD	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
JOHN WILEY	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
FRED LAVERY	ADVISOR (THRU 2023)	1.00	Director	$0	$0	$0
RAY SCHAFER	DIRECTOR AT LARGE (EFF 2023)	1.00	Director	$0	$0	$0
MIKE MILAM	DIRECTOR AT LARGE (EFF 2023)	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	No data	No data	No data	No data
2023	$13,570,975	$12,342,592	$8,303,548	$1,228,383
2022	$8,544,068	$7,929,166	$7,003,094	$614,902
2021	$8,213,931	$9,127,886	$6,551,466	$-913,955
2020	$4,722,396	$2,407,717	$7,262,985	$2,314,679
2019	$5,671,377	$6,194,352	$4,941,051	$-522,975
2018	$5,494,929	$5,197,954	$5,456,424	$296,975

VETERANS OF FOREIGN WARS OF OHIO CHARITIES