VETERANS OF FOREIGN WARS OF THE UNITED STATES INC DEPT OF FLORIDA

EIN: 590494095

OCALA, FL

Total Revenue
$4,156,702
Total Expenses
$2,667,728
Total Assets
$13,237,347
Net Assets
$13,190,037
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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
1956
Legal Domicile
FL
Principal Officer
EUGENE PERRINO SR
Phone
3526225126
Tax Period
2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS OF THE UNITED STATES INC DEPT OF FLORIDA, founded in 1956, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 36% operating margin.

Mission

THE OBJECTIVES OF THIS ASSOCIATION ARE FRATERNAL, PATRIOTIC, HISTORICAL AND EDUCATIONAL; TO PRESERVE AND STRENGTHEN COMRADESHIP AMONG ITS MEMBERS; TO ASSIST WORTHY COMRADS; TO PERPETUATE THE MEMORY AND HISTORY OF OUR DEAD, AND TO ASSIST THEIR WIDOWS AND ORPHANS; TO MAINTAIN TRUE ALLEGIANCE TO THE GOVERNMENT OF THE UNITED STATES OF AMERICA, AND FIDELITY TO ITS CONSTITUTION AND LAWS; TO FOSTER TRUE PATRIOTISM, TO MAINTAIN AND EXTEND THE INSTITUTIONS OF AMERICAN FREEDOM; AND TO PRESERVE AND DEFEND THE UNITED STATES FROM ALL HER ENEMIES, WHOMSOEVER.

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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 $2,308,950
Program Service Revenue $1,279,502
Investment Income $455,609
Other Revenue $112,641
TOTAL REVENUE $4,156,702

Expense Breakdown

Grants Paid $0
Salaries & Benefits $926,213
Fundraising Expenses $0
Other Expenses $1,741,515
TOTAL EXPENSES $2,667,728

Year-over-Year Comparison

2023 2022 Change
Revenue $4,156,702 $2,412,029 +0.7%
Expenses $2,667,728 $1,347,121 +1.0%
Net Income $1,488,974 $1,064,908 +0.4%
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
11
Independent Members
11
Employees
10
Volunteers
2420

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
11
$144,301
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUGENE PERRINO SR ADJUTANT/QTR 20.00
Officer
$75,750 $0 $75,750
MAC MCLUCAS COMMANDER 20.00
Officer
$21,461 $0 $21,461
GLEN WRIGHT SR VICE COMM 20.00
Officer
$18,633 $0 $18,633
RONALD MILLS IMM PAST COM 20.00
Officer
$12,715 $0 $12,715
KEVIN SCOTT HICE JR VICE COMM 20.00
Officer
$10,444 $0 $10,444
HARRY SEILER CHIEF OF STA 20.00
Officer
$2,061 $0 $2,061
DONALD BULT STATE INSPEC 20.00
Officer
$1,420 $0 $1,420
DAN DUFFY JUDGE ADVOCA 20.00
Officer
$1,033 $0 $1,033
RANDY CASH SURGEON 20.00
Officer
$784 $0 $784
KEN CORR NATIONAL COU 20.00
Officer
$0 $0 $0
WAYNE TUTTLE CHAPLAIN 20.00
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 $4,156,702 $2,667,728 $13,237,347 $1,488,974
2023 $2,412,029 $1,347,121 $10,448,978 $1,064,908
2022 $1,574,934 $1,189,802 $9,010,072 $385,132
2021 $2,176,654 $1,941,725 $9,966,671 $234,929
2020 $2,207,405 $2,108,581 $8,604,579 $98,824
2019 $2,404,566 $1,917,193 $8,558,826 $487,373
2018 $2,320,971 $2,124,882 $8,126,455 $196,089
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