VETERANS OF FOREIGN WARS POST 1845

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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

1987

Legal Domicile

Principal Officer

MICHAEL GAVAGHAN

Phone

8649632934

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS POST 1845, founded in 1987, is a micro nonprofit in the Public & Societal Benefit sector that reported $47K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 39% operating deficit.

Mission

VFW SOCIAL WELFARE PROVIDING AID TO VETERANS OF THE ARMED FORCES AS WELL AS ASSOCIATED COMMUNITY INVOLVEMENT

Program Service Accomplishments

Program 1

Expenses: $575 Revenue: $1,572

DISTRIBUTION OF POPPIES HONORING THOSE IN THE ARMED FORCES THAT MADE THE ULTIMATE SACRIFICE.

Program 2

Expenses: $1,255

HONORING ACTIVE AND PAST VETERANS, AS WELL AS PROVIDING BONDS FOR WORTHY BOY SCOUTS.

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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 $5,907

Program Service Revenue $0

Investment Income $6,293

Other Revenue $34,402

TOTAL REVENUE $46,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,830

Program Expenses $1,830

Other Expenses $62,908

TOTAL EXPENSES $64,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,602	$126,944	-0.6%
Expenses	$64,738	$64,606	+0.0%
Net Income	$-18,136	$62,338	-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

N/A

Volunteers

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
MICHAEL GAVAGHAN	QUARTERMASTER	18.00	Officer	$0	$0	$0
STEVEN WATTERSON	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	$46,602	$64,738	$86,781	$-18,136
2023	$71,960	$53,315	$148,533	$18,645
2022	$60,083	$43,874	$119,939	$16,209
2021	$41,752	$34,518	$102,502	$7,234
2020	$28,949	$38,653	$95,683	$-9,704
2019	$45,399	$39,531	$104,653	$5,868