VETERANS OF FOREIGN WARS OF THE US DEPT OF MN - 906 - VFW - MINNESOTA

EIN: 416037265

HUTCHINSON, MN

Total Revenue
$616,472
Total Expenses
$537,992
Total Assets
$1,204,632
Net Assets
$1,188,903
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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
1932
Legal Domicile
MN
Principal Officer
COLBY MICKOLICEK
Phone
3205879929
Tax Period
2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS OF THE US DEPT OF MN - 906 - VFW - MINNESOTA, founded in 1932, is a small nonprofit that reported $616K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $538K left a modest 13% surplus.

Mission

TO SUPPORT AND HONOR VETERANS WHO HAVE SERVED ON FOREIGN SOIL. TO PROVIDE A PLACE FOR VETERANS TO MEET AND SOCIALIZE.

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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 $25,594
Investment Income $18,112
Other Revenue $572,766
TOTAL REVENUE $616,472

Expense Breakdown

Grants Paid $73,270
Salaries & Benefits $380,694
Fundraising Expenses $0
Program Expenses $329,124
Other Expenses $84,028
TOTAL EXPENSES $537,992

Year-over-Year Comparison

2023 2022 Change
Revenue $616,472 $459,667 +0.3%
Expenses $537,992 $475,494 +0.1%
Net Income $78,480 $-15,827 -6.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
46
Volunteers
50

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
7
$13,250
Total Directors
12
$13,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLBY MICKOLICEK COMMANDER 4.00
Officer Director
$0 $0 $0
MIKE BERRY SR VICE COMMANDER 2.00
Officer Director
$0 $0 $0
MEL LOCKWOOD JR VICE COMMANDER 2.00
Officer Director
$0 $0 $0
PETE STOLTENOW QUARTERMASTER 8.00
Officer Director
$13,250 $0 $13,250
DOUG JOHNSON 13260 IN GAMB WAGES GAMBLING MANAGER 15.00
Director
$0 $0 $0
DAVE BLAKE TRUSTEE 2.00
Director
$0 $0 $0
OATHER MARTIN TRUSTEE 2.00
Director
$0 $0 $0
VAN KARG JUDGE ADVOCATE 1.00
Officer Director
$0 $0 $0
DUANE ARNDT CHAPLAIN 1.00
Officer Director
$0 $0 $0
MARTIN BARNES TRUSTEE 1.00
Director
$0 $0 $0
TERRY CLABO BAR BOARD 1.00
Director
$0 $0 $0
PHILLIP STUEMKE SURGEON 1.00
Officer 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 $616,472 $537,992 $1,204,632 $78,480
2022 $459,667 $475,494 $1,128,455 $-15,827
2021 $612,079 $355,896 $1,138,110 $256,183
2020 $248,663 $236,437 $870,214 $12,226
2019 $406,454 $348,075 $862,748 $58,379
2018 $362,310 $329,985 $803,722 $32,325
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