VETERANS OF FOREIGN WAR POST 5098

EIN: 416037799

WESTBROOK, MN

Total Revenue
$120,117
Total Expenses
$196,684
Total Assets
$371,914
Net Assets
$367,434
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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
1951
Legal Domicile
MN
Principal Officer
DENNIS PHELPS
Phone
5072745661
Tax Period
2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WAR POST 5098, founded in 1951, is a small nonprofit that reported $120K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $197K exceeded revenue, resulting in a 64% operating deficit.

Mission

RECREATION OF VETERANS OF WAR

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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 (2024)

Revenue Breakdown

Contributions & Grants $34,757
Program Service Revenue $0
Investment Income $7,783
Other Revenue $77,577
TOTAL REVENUE $120,117

Expense Breakdown

Grants Paid $0
Salaries & Benefits $117,593
Fundraising Expenses $0
Program Expenses $178,880
Other Expenses $79,091
TOTAL EXPENSES $196,684

Year-over-Year Comparison

2024 2023 Change
Revenue $120,117 $148,973 -0.2%
Expenses $196,684 $167,769 +0.2%
Net Income $-76,567 $-18,796 +3.1%
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
10
Employees
11
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
10
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS PHELPS COMMANDER 1.00
Officer
$0 $0 $0
JOHN A WIGGENS FIRST SENIOR COMMANDER 1.00
Officer
$0 $0 $0
DONALD ENSTAD FIRST JUNIOR COMMANDER 1.00
Officer
$0 $0 $0
DENNIS JUTTING QUARTERMASTER 1.00
Officer
$0 $0 $0
MARLOWE NELSON CHAPLIN 1.00
Officer
$0 $0 $0
STEPHEN KJORNESS FIRST YEAR TRUSTEE 1.00
Officer
$0 $0 $0
JERRY STEEN SECOND YEAR TRUSTEE 1.00
Officer
$0 $0 $0
RODNEY BOECK THIRD YEAR TRUSTEE 1.00
Officer
$0 $0 $0
LEON MISCHKE SERVICE OFFICER 1.00
Officer
$0 $0 $0
JOSEPH SCHMIDT JUDGE ADVOCATE 1.00
Officer
$0 $0 $0
LYNAE BAKKEN MANAGER 20.00
Key Emp
$0 $0 $0
ROCKY KOLAR PAST MANAGER 2.00
$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 $120,117 $196,684 $371,914 $-76,567
2024 $148,973 $167,769 $449,436 $-18,796
2023 $211,703 $179,478 $473,648 $32,225
2022 $156,668 $155,986 $429,200 $682
2021 $153,690 $109,535 $438,857 $44,155
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