Veterans of Foreign Wars 5518 VFW (EIN 416037279) - 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

1966

Legal Domicile

Principal Officer

Dave Boily

Tax Period

2023-01-01 to 2023-12-31

Veterans of Foreign Wars 5518 VFW, founded in 1966, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $132K exceeded revenue, resulting in a 16% operating deficit.

Mission

Veterans organization that promotes americanism, sponsors youth sports, provides honor guard, and conducts patriotic ceremonies/activities.

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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 $2,307

Program Service Revenue $978

Investment Income $478

Other Revenue $110,751

TOTAL REVENUE $114,514

Expense Breakdown

Grants Paid $119,623

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,220

Other Expenses $11,507

TOTAL EXPENSES $132,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,514	$142,879	-0.2%
Expenses	$132,280	$180,163	-0.3%
Net Income	$-17,766	$-37,284	-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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Crow	Judge Advocate	1.00	Officer Director	$0	$0	$0
Richard Havrilla	Chaplin	1.00	Officer Director	$0	$0	$0
Steve Hollmer	Service Officer	1.00	Officer Director	$0	$0	$0
Steve Hollmer	Surgeon	1.00	Officer Director	$0	$0	$0
Julius Coller	Junior Vice Commander	1.00	Officer Director	$0	$0	$0
Jim Hesselgrave	Quartermaster	1.00	Officer Director	$0	$0	$0
Dave Boily	Commander	1.00	Officer Director	$0	$0	$0
Erik Monson	Senior Vice Commander	1.00	Officer Director	$0	$0	$0
Stefanie Skogman	Adjutant	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$114,514	$132,280	$334,294	$-17,766
2022	$142,879	$180,163	$352,014	$-37,284
2021	$153,189	$98,923	$388,975	$54,266
2020	$50,063	$85,463	$334,851	$-35,400
2019	$109,579	$74,622	$369,197	$34,957
2018	$81,177	$87,415	$334,353	$-6,238

Veterans of Foreign Wars 5518 VFW