VETERANS OF FOREIGN WARS POST #7902

EIN: 416039513

OSAKIS, MN

Total Revenue
$20,307
Total Expenses
$50,910
Total Assets
$484,563
Net Assets
$484,165
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
MN
Principal Officer
CASSANDRA MEAD
Phone
3204913347
Tax Period
2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS POST #7902, founded in 1949, is a micro nonprofit that reported $20K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $51K exceeded revenue, resulting in a 151% operating deficit.

Mission

PROVIDING INFORMATIONAL SERVICES, RECREATIONAL OPPORTUNITIES, AND SOCIAL NETWORKING TO THOSE WHO ARE VETERANS OF FOREIGN WARS. ADDITIONALLY, TO PROVIDE OPPORTUNITIES FOR YOUTH TO PARTICIPATE IN VARIOUS 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,163
Program Service Revenue $0
Investment Income $3,099
Other Revenue $11,045
TOTAL REVENUE $20,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,880
Fundraising Expenses $0
Program Expenses $50,910
Other Expenses $49,030
TOTAL EXPENSES $50,910

Year-over-Year Comparison

2024 2023 Change
Revenue $20,307 $105,484 -0.8%
Expenses $50,910 $98,574 -0.5%
Net Income $-30,603 $6,910 -5.4%
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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Governance

Voting Members
10
Independent Members
8
Employees
28
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
5
$0
Total Directors
10
$14,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANCE SPYCHALLA JUDGE ADVOCATE 040.00
Director
$14,000 $0 $14,000
CALVIN J UHL COMMANDER 003.00
Officer Director
$0 $0 $0
CHAD M GULBRANSON SENIOR VICE COMMANDER 003.00
Officer Director
$0 $0 $0
BRIAN A SCHABLIN JUNIOR VICE COMMANDER 003.00
Officer Director
$0 $0 $0
JAMIE W EDENLOFF QUARTERMASTER 003.00
Officer Director
$0 $0 $0
CHRISTOPHER J REED CHAPLAIN 003.00
Officer Director
$0 $0 $0
KEARNEY FRANK 1 YEAR TRUSTEE 001.00
Director
$0 $0 $0
STEVE M MIHALCHICK 2 YEAR TRUSTEE/SURGEON 001.00
Director
$0 $0 $0
CHUB HENSLEY 3 YEAR TRUSTEE 001.00
Director
$0 $0 $0
MICHAEL KRAL ADJUTANT 001.00
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 $20,307 $50,910 $484,563 $-30,603
2023 $105,484 $98,574 $516,064 $6,910
2022 $75,000 $75,703 $508,597 $-703
2021 $243,399 $46,415 $521,261 $196,984
2020 $75,584 $37,230 $324,277 $38,354
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