VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF WISCONSIN

EIN: 510180214

IRON RIVER, WI

Total Revenue
$80,652
Total Expenses
$120,607
Total Assets
$156,849
Net Assets
$156,124
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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
1973
Legal Domicile
WI
Principal Officer
BRADLEY BOURASSA
Phone
9316241679
Tax Period
2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF WISCONSIN, founded in 1973, is a micro nonprofit that reported $81K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO BETTER THE COMMUNITY TO WHICH WE SERVE. GIVING THE COMMUNITY AND VETERANS THROUGHOUT THE COMMUNITY A PUBLIC SERVICE. HELPING VETERANS IN NEED AS WELL AS THEIR FAMILIES.

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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 $16,184
Program Service Revenue $0
Investment Income $2,858
Other Revenue $61,610
TOTAL REVENUE $80,652

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $120,607
TOTAL EXPENSES $120,607

Year-over-Year Comparison

2024 2023 Change
Revenue $80,652 $128,280 -0.4%
Expenses $120,607 $4,492 +25.8%
Net Income $-39,955 $123,788 -1.3%
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
N/A
Volunteers
25

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
7
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS TRAUTT COMMANDER 30.00
Officer Director
$0 $0 $0
KENNETH STANLEY SENIOR VICE 30.00
Officer Director
$0 $0 $0
WESLEY HACKENSMITH JUNIOR VICE 1.00
Officer Director
$0 $0 $0
BRADLEY BOURASSA QUARTERMASTE 6.00
Officer Director
$0 $0 $0
DARRELL KYLE CHAPLAIN 1.00
Officer Director
$0 $0 $0
LON ANDERSON JUDGE ADVOCA 1.00
Director
$0 $0 $0
STEVEN SCHAEFERS SURGEON/1ST 1.00
Director
$0 $0 $0
TERRY TEPPO 3RD YR TRUST 1.00
Director
$0 $0 $0
DAVID OLAFSON ADJUTANT 2.00
Officer Director
$0 $0 $0
DANIEL ATKINSON SERVICE OFFI 1.00
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 $80,652 $120,607 $156,849 $-39,955
2023 $128,280 $4,492 $196,944 $123,788
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