VETERANS OF FOREIGN WARS DEPARTMENT 7048 (EIN 550348460) - 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

1946

Legal Domicile

Principal Officer

WILLIAM WILSON

Phone

3042030971

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS DEPARTMENT 7048, founded in 1946, is a small nonprofit that reported $161K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $154K left a modest 5% surplus.

Mission

A FRATERNAL ORGANIZATION THAT PROVIDES A HAVEN FOR VETERANS TO JOIN TOGETHER FOR FUN, FOOD, AND ENTERTAINMENT AND TO ASSIST EACH OTHER WHEN THE NEED ARISES.

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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 $7,116

Program Service Revenue $12,813

Investment Income $32

Other Revenue $141,304

TOTAL REVENUE $161,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,998

Fundraising Expenses $0

Other Expenses $55,599

TOTAL EXPENSES $153,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,265	$132,243	+0.2%
Expenses	$153,897	$158,663	0.0%
Net Income	$7,368	$-26,420	-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

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

$15,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM WILSON	QUARTERMASTER	20	Director	$15,300	$0	$15,300
JOHN HARNEY	COMMANDER	5	Director	$0	$0	$0
BRIAN QUIRK	SR VICE COMMAND	5	Director	$0	$0	$0
JOHN GREENE	VICE COMMANDER	5	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	No data	No data	No data	No data
2023	$161,265	$153,897	$56,325	$7,368
2022	$132,243	$158,663	$49,723	$-26,420
2021	$148,147	$160,802	$75,049	$-12,655
2020	$141,773	$135,548	$87,323	$6,225

VETERANS OF FOREIGN WARS DEPARTMENT 7048