VETERANS OF FOREIGN WARS STATE OF VIRGINIA (EIN 540449022) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1923

Legal Domicile

Principal Officer

ED MANN

Phone

5408867756

Tax Period

2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS STATE OF VIRGINIA, founded in 1923, is a small nonprofit that reported $825K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $130K, a strong 16% operating margin.

Mission

TO CARRY ON PROGRAMS TO PERPETUATE THE MEMORY OF DECEASED VETERANS AND MEMBERS OF THE ARMED FORCES AND TO ASSIST NEEDY WAR VETERANS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $333,043

Program Service Revenue $357,173

Investment Income $0

Other Revenue $129,167

TOTAL REVENUE $819,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,545

Fundraising Expenses $647

Other Expenses $514,207

TOTAL EXPENSES $764,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$819,383	$834,150	0.0%
Expenses	$764,399	$804,564	0.0%
Net Income	$54,984	$29,586	+0.9%

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

300

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
ED MANN	ADJ/QUARTERMASTER	40.00	Officer Key Emp Highest	$0	$0	$0
KEN SHANNON	STATE INSPECTOR	2.00	Officer	$0	$0	$0
GARY ADAMS	PAST STATE COMMANDER	2.00	Officer	$0	$0	$0
MITCH RUBENSTEIN	STATE COMMANDER	2.00	Officer	$0	$0	$0
DOUGLAS HOFFMAN	STATE SENIOR VICE COMMANDER	2.00	Officer	$0	$0	$0
MARK MAGGIO	STATE JUNIOR VICE COMMANDER	2.00	Officer	$0	$0	$0
CHARLES BUSH	STATE JUDGE ADVOCATE	2.00	Officer	$0	$0	$0
ROBERT RUFFOLO	CHAPLAIN	2.00	Officer	$0	$0	$0
RANDY COKER	STATE SURGEON	2.00	Officer	$0	$0	$0
KEN WISEMAN	NATIONAL COUNCIL MEMBER	2.00	Officer	$0	$0	$0
BUTCH SCHUPSKA	CHIEF OF STAFF	2.00	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
2025	No data	No data	No data	No data
2024	$819,383	$764,399	$2,956,433	$54,984
2023	$834,150	$804,564	$2,889,157	$29,586
2022	$775,914	$725,091	$2,859,571	$50,823
2021	$709,841	$576,074	$2,808,748	$133,767
2020	$716,114	$638,340	$2,743,543	$77,774
2019	$824,651	$694,368	$2,665,769	$130,283

VETERANS OF FOREIGN WARS STATE OF VIRGINIA