VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF IOWA

EIN: 420668066

ESTHERVILLE, IA

Total Revenue
$299,566
Total Expenses
$285,691
Total Assets
$32,495
Net Assets
$32,495
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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
IA
Principal Officer
MIKE DALEN
Phone
7123623840
Tax Period
2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF IOWA, founded in 1951, is a small nonprofit that reported $300K in total revenue in fiscal year 2023. Expenses of $286K left a modest 5% surplus.

Mission

OUR MISSION AT THE VFW POST 3388 IS TO BUILD A BETTER AMERICA FOR EVERYONE AND TO BE A PILLAR OF OUR COMMUNITY BY OFFERING HOPE FOR A BETTER TOMORROW AND HELPING THOSE INDIVIDUALS THAT ARE GOING THROUGH DIFFICULT TIMES. MEMBERS OF OUR POST ARE STRIVING AND WORKING WITH OTHER COMMUNITY ORGANIZATIONS TO ENSURE THAT PEOPLE IN OUR COMMUNITY ARE PROVIDED A SAFE AND HEALTHY ENVIRONMENT FOR ALL. AN IMPORTANT ROLE OF POST 3388 IS TO BE AN ORGANIZATION INDIVIDUALS AND FAMILIES CAN REACH OUT TO FOR HELP, SUCH AS PARTNERING WITH LOCAL CHURCHES BY OFFERING A FREE MONTHLY MEAL AT THE VFW FOR THOSE INDIVIDUALS AND FAMILIES IN NEED.

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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 $250
Program Service Revenue $295,870
Investment Income $518
Other Revenue $2,928
TOTAL REVENUE $299,566

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,767
Fundraising Expenses $0
Program Expenses $259,330
Other Expenses $184,924
TOTAL EXPENSES $285,691

Year-over-Year Comparison

2023 2022 Change
Revenue $299,566 $279,903 +0.1%
Expenses $285,691 $286,279 0.0%
Net Income $13,875 $-6,376 -3.2%
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
29
Volunteers
5

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GILBERT F AMDAHL TRUSTEE 10.00
Director
$0 $0 $0
OLIVER ANDERSON TRUSTEE 10.00
Director
$0 $0 $0
KENNETH BILLINGS TRUSTEE 2.00
Director
$0 $0 $0
MIKE DALEN COMMANDER 25.00
Officer Director
$0 $0 $0
STEVE DIETERICH TRUSTEE 5.00
Director
$0 $0 $0
STEVEN ERICKSON CHAPLAIN 5.00
Director
$0 $0 $0
DENNIS JOHNSON TRUSTEE 15.00
Director
$0 $0 $0
GENE KALVEDT TRUSTEE 15.00
Director
$0 $0 $0
DAVID METCALF QUARTERMASTE 15.00
Officer Director
$0 $0 $0
GARY RICHARD TRUSTEE 2.00
Director
$0 $0 $0
STEVEN D WOODLEY VICE COMMAND 20.00
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 $299,566 $285,691 $32,495 $13,875
2022 $279,903 $286,279 $32,053 $-6,376
2021 $284,418 $259,422 $48,745 $24,996
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