Veterans of Foreign Wars of USA Post 2908

EIN: 566068454

Albemarle, NC

Total Revenue
$81,659
Total Expenses
$131,378
Total Assets
$372,432
Net Assets
$369,397
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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
1951
Legal Domicile
NC
Principal Officer
Kent Medlin
Phone
7049826383
Tax Period
2023-07-01 to 2024-06-30

Veterans of Foreign Wars of USA Post 2908, founded in 1951, is a micro nonprofit that reported $82K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $131K exceeded revenue, resulting in a 61% operating deficit.

Mission

Provide services to veterans and their families

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,345
Program Service Revenue $0
Investment Income $309
Other Revenue $79,005
TOTAL REVENUE $81,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $41,052
Fundraising Expenses $0
Program Expenses $131,378
Other Expenses $90,326
TOTAL EXPENSES $131,378

Year-over-Year Comparison

2023 2022 Change
Revenue $81,659 $118,295 -0.3%
Expenses $131,378 $113,049 +0.2%
Net Income $-49,719 $5,246 -10.5%
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
93
Independent Members
N/A
Employees
8
Volunteers
12

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kent Medlin Quartermaster 20.00
Director
$0 $0 $0
Mary S Pendergraph Senior Vice Commander 10.00
Director
$0 $0 $0
Jonathan D Woodson Junior Vice Commander 10.00
Director
$0 $0 $0
David M Shields Trustee #1 10.00
Director
$0 $0 $0
Thomas E Dougherty Trustee #2 10.00
Director
$0 $0 $0
Timothy G Schumacher Trustee #3 10.00
Director
$0 $0 $0
Chris G Demetriades Judge Advocate 10.00
Director
$0 $0 $0
Raymond S Harris Chaplain 10.00
Officer
$0 $0 $0
Scott E Bradley Commander 10.00
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 $81,659 $131,378 $372,432 $-49,719
2023 $118,295 $113,049 $421,158 $5,246
2022 $150,479 $91,589 $414,441 $58,890
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