Veterans of Foreign Wars Department of West Virginia (EIN 550334789) - 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

1934

Legal Domicile

Principal Officer

Joseph W Reneman

Phone

3042883078

Tax Period

2024-01-01 to 2024-12-31

Veterans of Foreign Wars Department of West Virginia, founded in 1934, is a micro nonprofit that reported $71K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $95K exceeded revenue, resulting in a 33% operating deficit.

Mission

The organization is fraternal, patriotic, charitable, educational and historical. They strive to preserve and strengthen comradeship among members, perpetuate the memory and history of their deceased, assist the deceased

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,529

Program Service Revenue $0

Investment Income $13,091

Other Revenue $56,446

TOTAL REVENUE $71,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,561

Fundraising Expenses $0

Program Expenses $94,828

Other Expenses $47,267

TOTAL EXPENSES $94,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,066	$81,849	-0.1%
Expenses	$94,828	$110,943	-0.1%
Net Income	$-23,762	$-29,094	-0.2%

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

150

Independent Members

150

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
John Pickens	Trustee	002.00	Officer	$0	$0	$0
Trenton Pauley	Trustee	002.00	Officer	$0	$0	$0
Marvin Hoffman	Trustee	002.00	Officer	$0	$0	$0
Scott Bitner	Commander	002.00	Officer	$0	$0	$0
Joseph Reneman	Quartermaster	016.00	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	$71,066	$94,828	$99,954	$-23,762
2023	$81,849	$110,943	$123,716	$-29,094
2022	$79,881	$129,319	$152,810	$-49,438
2021	$134,002	$113,824	$202,248	$20,178
2020	$124,876	$78,980	$346,191	$45,896

Veterans of Foreign Wars Department of West Virginia