VETERANS OF FOREIGN WARS (EIN 510208594) - 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

1986

Legal Domicile

Principal Officer

KENNETH FARNHAM

Phone

7169389162

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS, founded in 1986, is a small nonprofit that reported $213K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $192K left a modest 10% surplus.

Mission

To provide past present members of the armed forces a social outlet.

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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 $0

Program Service Revenue $0

Investment Income $2,080

Other Revenue $211,115

TOTAL REVENUE $213,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,165

Fundraising Expenses $0

Other Expenses $75,091

TOTAL EXPENSES $192,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,195	$176,034	+0.2%
Expenses	$192,256	$202,128	0.0%
Net Income	$20,939	$-26,094	-1.8%

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
Wayne Marsh	Director	010.00	Director	$0	$0	$0
Stosh Snyder	Director	010.00	Director	$0	$0	$0
Timothy Beeles	Director	010.00	Director	$0	$0	$0
John Janora	Commander	025.00	Officer	$0	$0	$0
Stanley Board	Jr Vice Commander	010.00	Officer	$0	$0	$0
Kenneth Farnham	Quartermaster	020.00	Officer	$0	$0	$0
Dale King	Adjunct	015.00	Officer	$0	$0	$0
Kenneth Farnham	Chm Of Board	020.00	Officer	$0	$0	$0
Charles Termini	Sr Vice Commander	010.00	Officer	$0	$0	$0
Christine Minnekime	Steward	040.00	Key Emp Highest	$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
2023	$213,195	$192,256	$141,228	$20,939
2022	$176,034	$202,128	$121,644	$-26,094
2021	$221,365	$190,936	$145,252	$30,429
2020	$166,192	$143,158	$113,883	$23,034
2019	$179,703	$185,196	$93,618	$-5,493
2018	$191,633	$205,502	$95,462	$-13,869

VETERANS OF FOREIGN WARS