CHARLESTON MEMORIAL VFW (EIN 436097827) - 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

RICHARD HENRY

Phone

5736836301

Tax Period

2023-01-01 to 2023-12-31

CHARLESTON MEMORIAL VFW, founded in 1946, is a small nonprofit in the Public & Societal Benefit sector that reported $203K in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $174K left a modest 14% surplus.

Mission

THE ORGANIZATION STRIVES TO KEEP UP MEMBERSHIP BY SUPPORTING MEMBERS AND FAMILIES OF ACTIVE DUTY RESERVE AND NATIONAL GUARD, PROMOTING NATIONAL DEFENSE AND PATRIOTISM, AND BEING INVOLVED IN COMMUNITY 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 $2,792

Program Service Revenue $199,034

Investment Income $1,549

Other Revenue $9

TOTAL REVENUE $203,384

Expense Breakdown

Grants Paid $1,759

Salaries & Benefits $21,986

Fundraising Expenses $0

Other Expenses $150,150

TOTAL EXPENSES $173,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,384	$95,088	+1.1%
Expenses	$173,895	$158,888	+0.1%
Net Income	$29,489	$-63,800	-1.5%

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
MICHAEL BORDERS	2 YEAR TRUST	N/A	Director	$0	$0	$0
RICHARD GROVES	1 YEAR TRUST	N/A	Director	$0	$0	$0
JEFF HENRY	SERVICE OFFI	N/A	Director	$0	$0	$0
CARL ROSE	3 YEAR TRUST	N/A	Director	$0	$0	$0
DONALD BAKER	CHAPLAIN	N/A	Officer	$0	$0	$0
JOSEPH CROSS	ADJUTANT	N/A	Officer	$0	$0	$0
JOSEPH CROSS	COMMANDER	N/A	Officer	$0	$0	$0
DALE HARRIS	JR. VICE COM	N/A	Officer	$0	$0	$0
RICHARD HENRY	QUARTERMASTE	N/A	Officer	$0	$0	$0
DONALD SCOTT	SR. VICE COM	N/A	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
2024	No data	No data	No data	No data
2023	$203,384	$173,895	$307,564	$29,489
2022	$95,088	$158,888	$277,952	$-63,800
2021	$137,245	$133,176	$340,889	$4,069
2020	$127,722	$92,862	$336,598	$34,860
2019	$105,746	$99,265	$301,253	$6,481
2018	$104,996	$102,009	$294,932	$2,987

CHARLESTON MEMORIAL VFW