VETERANS OF FOREIGN WARS OF THE US

EIN: 561677675

WILMINGTON, NC

Total Revenue
$656,591
Total Expenses
$101,060
Total Assets
$560,396
Net Assets
$560,396
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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
1958
Legal Domicile
NC
Principal Officer
DONALD BETZ
Phone
9106169131
Tax Period
2021-06-01 to 2022-05-31

VETERANS OF FOREIGN WARS OF THE US, founded in 1958, is a small nonprofit that reported $657K in total revenue in fiscal year 2021. The organization ran a surplus of $556K, a strong 85% operating margin.

Mission

TO PROVIDE RELIEF TO VETERANS OF THE US ARMED FORCES IN NEED, IN THE FORM OF DIRECT ASSISTANCE FOR UTILITES, RENT, SHELTER, AND OTHER FINANCIAL OBLIGATIONS

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $10,278
Program Service Revenue $18,348
Investment Income $0
Other Revenue $627,965
TOTAL REVENUE $656,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $99,960
TOTAL EXPENSES $101,060

Year-over-Year Comparison

2021 2020 Change
Revenue $656,591 N/A N/A
Expenses $101,060 N/A N/A
Net Income $555,531 N/A N/A
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD BETZ QUARTERMASTER 005.00
Officer Director
$0 $0 $0
SCOTT WALLACE COMMANDER 005.00
Officer Director
$0 $0 $0
MICHAEL MCGILLICUDDY SENIOR VICE COMMANDER 005.00
Officer Director
$0 $0 $0
LAWRENCE CARISTO JR VICE COMMANDER 005.00
Officer Director
$0 $0 $0
JAMES ROGGINA CHAPLAIN 005.00
Officer Director
$0 $0 $0
MARY SKOV 1 YEAR TRUSTEE 005.00
Director
$0 $0 $0
ALEXANDER MCCAMBRIDGE 2 YEAR TRUSTEE 005.00
Director
$0 $0 $0
TRAVIS DAUER 3 YEAR TRUSTEE 005.00
Director
$0 $0 $0
MELISSA CHILDERS ADJUTANT 005.00
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
2022 $656,591 $101,060 $560,396 $555,531
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