VETERANS OF FOREIGN WARS OF THE US

EIN: 546058589

NORFOLK, VA

Total Revenue
$308,564
Total Expenses
$295,076
Total Assets
$199,180
Net Assets
$156,463
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
VA
Principal Officer
ERIC MALLETT
Phone
7574611343
Tax Period
2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS OF THE US, founded in 1964, is a small nonprofit that reported $192K in total revenue in fiscal year 2021.

Mission

PROVIDE SERVICES TO VETERANS OF FOREIGN WARS

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,512
Program Service Revenue $0
Investment Income $227
Other Revenue $279,825
TOTAL REVENUE $308,564

Expense Breakdown

Grants Paid $43,306
Salaries & Benefits $131,239
Fundraising Expenses $0
Program Expenses $46,385
Other Expenses $117,452
TOTAL EXPENSES $295,076

Year-over-Year Comparison

2024 2023 Change
Revenue $308,564 $328,026 -0.1%
Expenses $295,076 $300,448 0.0%
Net Income $13,488 $27,578 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
N/A
Employees
13
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
20
$8,400
Total Directors
0
$0
Key Employees
1
$8,400
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC MALLETT COMMANDER 5.00
Officer
$0 $0 $0
BRUCE HUFF SENIOR VICE COMMANDER 1.00
Officer
$0 $0 $0
ROBERT JENNINGS JUNIOR VICE COMMANDER 1.00
Officer
$0 $0 $0
CRAIG DUDLEY TREASURER 10.00
Officer Key Emp
$8,400 $0 $8,400
TIM DAWLEY CHAPLAIN 1.00
Officer
$0 $0 $0
BILL CUSSON POST SERVICE OFFICER 1.00
Officer
$0 $0 $0
ERIC MALLETT QUARTERMASTER 10.00
Officer
$0 $0 $0
DAVE ALEXANDER TRUSTEE 1.00
Officer
$0 $0 $0
BRAD DEBOW TRUSTEE 1.00
Officer
$0 $0 $0
MICHAEL MC FARLAND POST ADJUTANT 1.00
Officer
$0 $0 $0
JAMES REID TRUSTEE 1.00
Officer
$0 $0 $0
TRACY SCHMID POST SURGEON 1.00
Officer
$0 $0 $0
MICHAEL MC FARLAND SAFETY OFFICER 1.00
Officer
$0 $0 $0
KATHY GOODALL HOSPITAL 1.00
Officer
$0 $0 $0
EDDIE MURPHY BUDDY POPPY CHAIR 1.00
Officer
$0 $0 $0
RON RIFFLE LEGISLATIVE COMMITTEE 1.00
Officer
$0 $0 $0
MARVIN SNYDER GUARD/OOD 1.00
Officer
$0 $0 $0
BOB CLINEBELL VOD/PAT-PEN 1.00
Officer
$0 $0 $0
JAMES REID AMERICANISM 1.00
Officer
$0 $0 $0
DAVID ALEXANDER JUDGE ADVOCATE 1.00
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 $308,564 $295,076 $199,180 $13,488
2023 $328,026 $300,448 $197,466 $27,578
2022 $272,832 $254,861 $150,849 $17,971
2021 $192,259 $201,918 $145,625 $-9,659
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