Veterans of Foreign Wars of the US… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

David Cahill

Tax Period

2020-07-01 to 2021-06-30

Veterans of Foreign Wars of the US Dept of Florida, founded in 1991, is a micro nonprofit that reported $62K in total revenue in fiscal year 2020. Expenses of $71K exceeded revenue, resulting in a 15% operating deficit.

Mission

Organization for Veterans to receive social, physical and financial support.

Program Service Accomplishments

Program 1

Expenses: $25,781 Revenue: $303

Support expenses for the entertainment and welfare of the membership are necessary i.e. wages of personnel to accomplish program services whichalso include payroll taxes, insurance, licenses and...

Support expenses for the entertainment and welfare of the membership are necessary i.e. wages of personnel to accomplish program services whichalso include payroll taxes, insurance, licenses and permits, cable tv, repairs and maintenance, merchandise for members to purchase pertaining to the organization.

Program 2

Expenses: $18,402 Revenue: $40,087

Canteen is open 7 days a week to members and guests.Recreational activities are planned for each day.

Program 3

Expenses: $8,961 Revenue: $14,528

Kitchen is open for limited service each day. Dinners and Breakfasts are provided for special occasions.

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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 (2020)

Revenue Breakdown

Contributions & Grants $5,175

Program Service Revenue $54,918

Investment Income $0

Other Revenue $1,701

TOTAL REVENUE $61,794

Expense Breakdown

Grants Paid $300

Salaries & Benefits $1,235

Fundraising Expenses $0

Program Expenses $53,144

Other Expenses $69,770

TOTAL EXPENSES $71,305

Year-over-Year Comparison

	2020	2019	Change
Revenue	$61,794	N/A	N/A
Expenses	$71,305	N/A	N/A
Net Income	$-9,511	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

Governance

Voting Members

250

Independent Members

250

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elwood Cosgrove	Trustee	2.00	Director	$0	$0	$0
Angel Lerma	Trustee	2.00	Director	$0	$0	$0
Everett Grooms	Trustee	2.00	Director	$0	$0	$0
Richard Peterson	Quartermaster	10.00	Officer	$0	$0	$0
David Cahill	Commander	10.00	Officer	$0	$0	$0
Charles R Towe	Sr Vice Commander	2.00	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
2021	$61,794	$71,305	$45,800	$-9,511
2020	$92,027	$98,659	$55,707	$-6,632
2019	$135,503	$145,806	$51,201	$-10,303
2018	$141,700	$153,500	$59,398	$-11,800

Veterans of Foreign Wars of the US Dept of Florida