Veterans of Foreign Wars Dept VFW KY (EIN 610406448) - 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

1924

Legal Domicile

Principal Officer

Martha Lain

Phone

5026352338

Tax Period

2024-07-01 to 2025-06-30

Veterans of Foreign Wars Dept VFW KY, founded in 1924, is a small nonprofit in the Public & Societal Benefit sector that reported $314K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

To assist and support Veterans and their families. Provide Color Guard Service to local organizations and events.

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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 $204,047

Program Service Revenue $0

Investment Income $324

Other Revenue $109,713

TOTAL REVENUE $314,084

Expense Breakdown

Grants Paid $29,297

Salaries & Benefits $107,357

Fundraising Expenses $0

Program Expenses $51,473

Other Expenses $154,072

TOTAL EXPENSES $312,902

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,084	$225,243	+0.4%
Expenses	$312,902	$213,342	+0.5%
Net Income	$1,182	$11,901	-0.9%

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

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

$62,200

Total Directors

$62,200

Key Employees

$32,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martha Lain	Quartermaster	040.00	Officer Director Key Emp Highest	$31,000	$0	$32,200
John Wingfield	Service Officer	040.00	Officer Director	$30,000	$0	$30,000
Bruce Ashlkey	Commander	040.00	Officer Director	$0	$0	$0
Nicole Horseman	Sr Vice Commander	030.00	Officer Director	$0	$0	$0
Jonahtan Allen	Jr Vice Commander	030.00	Officer Director	$0	$0	$0
William Thomason	Judge Advocate	020.00	Officer Director	$0	$0	$0
Richard RJ Owens	Surgeon	020.00	Officer Director	$0	$0	$0
Darren Atkins	Chaplain	020.00	Officer Director	$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	$314,084	$312,902	$248,291	$1,182
2024	$225,243	$213,342	$246,676	$11,901
2023	$312,145	$243,589	$240,726	$68,556
2022	$471,216	$400,356	$178,399	$70,860
2021	$296,417	$223,698	$104,737	$72,719
2020	$214,037	$249,178	$38,619	$-35,141

Veterans of Foreign Wars Dept VFW KY