VETERANS OF FOREIGN WARS DEPT OF 6587 VFW-MINN (EIN 416037682) - 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

1946

Legal Domicile

Principal Officer

ROBERT WILTSE

Phone

7637801900

Tax Period

2022-07-01 to 2023-06-30

VETERANS OF FOREIGN WARS DEPT OF 6587 VFW-MINN, founded in 1946, is a micro nonprofit that reported $21K in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $42K exceeded revenue, resulting in a 101% operating deficit.

Mission

MILITARY SERVICE ORGANIZATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,438

Investment Income $9,981

Other Revenue $4,253

TOTAL REVENUE $20,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,554

Other Expenses $41,275

TOTAL EXPENSES $41,500

Year-over-Year Comparison

	2022	2021	Change
Revenue	$20,672	$23,590	-0.1%
Expenses	$41,500	$90,025	-0.5%
Net Income	$-20,828	$-66,435	-0.7%

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

N/A

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
JAMES HARVIEUX	CHAPLAIN	3.00	Director	$0	$0	$0
LAWRENCE PRUDEN	TRUSTEE	3.00	Director	$0	$0	$0
WILLIAM VERKENNES	TRUSTEE	3.00	Director	$0	$0	$0
JAMES WOODARD	TRUSTEE	3.00	Director	$0	$0	$0
RICHARD HERRING	SR VICE COMM	5.00	Officer	$0	$0	$0
MICHAEL MORRIS	JR VICE COMM	5.00	Officer	$0	$0	$0
THOMAS DE VRIES	QUARTERMASTE	5.00	Officer	$0	$0	$0
ROBERT WILTSE	COMMANDER	10.00	Officer	$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	$20,672	$41,500	$284,332	$-20,828
2022	$23,590	$90,025	$362,330	$-66,435
2021	$41,311	$52,645	$432,765	$-11,334
2020	$-1,497	$39,816	$389,899	$-41,313
2019	$16,724	$37,814	$396,763	$-21,090
2018	$-2,998	$36,833	$408,971	$-39,831

VETERANS OF FOREIGN WARS DEPT OF 6587 VFW-MINN