Veterans of Foreign Wars Department of IL (EIN 510161605) - 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

1950

Legal Domicile

Principal Officer

Randy N Bellows

Tax Period

2023-07-01 to 2024-06-30

Veterans of Foreign Wars Department of IL, founded in 1950, is a micro nonprofit that reported $11K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $48K represent 51 months of operating reserves.

Mission

Services for Veterans and Community

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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 $2,363

Program Service Revenue $-7,094

Investment Income $0

Other Revenue $16,162

TOTAL REVENUE $11,431

Expense Breakdown

Grants Paid $237

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237

Other Expenses $11,586

TOTAL EXPENSES $11,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,431	$19,506	-0.4%
Expenses	$11,823	$17,204	-0.3%
Net Income	$-392	$2,302	-1.2%

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

Governance

Voting Members

127

Independent Members

127

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
Gale Pence	Junior Vice Commander	3.00	Officer	$0	$0	$0
William Clifton	AdjutantQuartermaster	25.00	Officer	$0	$0	$0
Randy N Bellows	Commander	40.00	Officer	$0	$0	$0
Jay Van Horn	Senior Vice Commander	5.00	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
2024	$11,431	$11,823	$48,115	$-392
2023	$19,506	$17,204	$48,971	$2,302
2022	$21,733	$16,073	$46,669	$5,660
2021	$9,586	$14,948	$55,029	$-5,362
2020	$26,167	$15,893	$59,282	$10,274
2019	$33,394	$14,226	$75,206	$19,168

Veterans of Foreign Wars Department of IL