VETERANS OF FOREIGN WARS POST 7315

EIN: 581765590

HAVELOCK, NC

Total Revenue
$159,904
Total Expenses
$115,124
Total Assets
$532,516
Net Assets
$502,371
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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
1978
Legal Domicile
NC
Principal Officer
KEVIN PABST
Tax Period
2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS POST 7315, founded in 1978, is a small nonprofit that reported $160K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 28% operating margin.

Mission

THE PURPOSE OF THIS CORPORATION SHALL BE FRATERNAL, PAATRIOTIC, HISTORICAL, CHARITABLE AND EDUCATIONAL. TO PRESERVE AND STREGHTEN COMRADSHIP AMOUNG OUR MEMBER TO MAINTAIN ALLEGIANCE TO THE GOVT AND CONSTITUTION. TO ASSIST FAMILY MEMBERS FOR THOSE WHO GAVE ALL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,595
Program Service Revenue $0
Investment Income $32
Other Revenue $158,277
TOTAL REVENUE $159,904

Expense Breakdown

Grants Paid $2,250
Salaries & Benefits $20,795
Fundraising Expenses $0
Program Expenses $115,124
Other Expenses $92,079
TOTAL EXPENSES $115,124

Year-over-Year Comparison

2024 2023 Change
Revenue $159,904 $117,742 +0.4%
Expenses $115,124 $18,199 +5.3%
Net Income $44,780 $99,543 -0.6%
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
6
Independent Members
N/A
Employees
1
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR ERHARDT TRUSTEE 002.00
Director
$0 $0 $0
MIKE SPRAGUE TRUSTEE 002.00
Director
$0 $0 $0
CHAD IRWIN TRUSTEE 002.00
Director
$0 $0 $0
JIM BUTCHER ADJUTANT 002.00
Director
$0 $0 $0
GEORGE COOK CHAPLAIN 002.00
Director
$0 $0 $0
BARBARA CHANCE COMMANDER 005.00
Officer
$0 $0 $0
MARK ALLEN SR. VICE COMMANDER 005.00
Officer
$0 $0 $0
KEVIN PABST QUARTER MASTER 005.00
Officer
$0 $0 $0
PAT MEISTER JR. VICE COMMANDER 002.00
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 $159,904 $115,124 $532,516 $44,780
2023 $117,742 $110,186 $462,607 $7,556
2022 $140,919 $121,405 $455,031 $19,514
2021 $122,728 $99,208 $435,520 $23,520
2020 $89,534 $106,079 $411,584 $-16,545
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