VETERANS OF FOREIGN WARS OF THE 2206 LAKE CITY POST (EIN 596162481) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

ARVENIOL L COLLINS

Phone

3867525001

Tax Period

2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS OF THE 2206 LAKE CITY POST, founded in 2000, is a small nonprofit that reported $272K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

ENSURE RIGHTS.RECONGINITION, REMEMBERANCE AND COMMUNITY OF VETERANS OF FOREIGN WARS

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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 $2,261

Program Service Revenue $242,362

Investment Income $0

Other Revenue $27,595

TOTAL REVENUE $272,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,717

Fundraising Expenses $0

Other Expenses $230,011

TOTAL EXPENSES $277,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,218	$367,710	-0.3%
Expenses	$277,728	$285,707	0.0%
Net Income	$-5,510	$82,003	-1.1%

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

267

Independent Members

267

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
WILLIAM AMERSON	116 HILLCREST CIR NE FT WHITE FL 32008	40.00	Officer	$0	$0	$0
PAULA A RICHARDSON	188 S.W. COLOSEUM PLACE LAKE CITY FL32055	16.00	Officer	$0	$0	$0
MICHAEL B SCOTT	466 NW CLUBVIEW CIR LAKE CITY FL32055	16.00	Officer	$0	$0	$0
TIMOTHY R JONES	2928 212TH ST LAKE CITY FL32024	16.00	Officer	$0	$0	$0
JOSEPH B STARLING	2273 SW BRIM ST-LAKE CITY FL32024	16.00	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	$272,218	$277,728	$326,014	$-5,510
2024	$367,710	$285,707	$267,318	$82,003
2023	$222,078	$202,241	$267,586	$19,837
2022	$173,055	$230,471	$258,516	$-57,416
2021	$219,264	$204,645	$325,060	$14,619

VETERANS OF FOREIGN WARS OF THE 2206 LAKE CITY POST