LIET HAROLD R CORNWALL POST 1298 (EIN 610407680) - 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

2006

Legal Domicile

Principal Officer

Robert R Bedard

Phone

2705996428

Tax Period

2022-07-01 to 2023-06-30

LIET HAROLD R CORNWALL POST 1298, founded in 2006, is a small nonprofit in the Public & Societal Benefit sector that reported $447K in total revenue in fiscal year 2022. Revenue surged 1201% from the prior year, signaling strong growth momentum. The organization ran a surplus of $388K, a strong 87% operating margin.

Mission

VFW POST ESTABLISHED TO HELP VETERANS AND SERVE THE COMMUNITY IN ORDER TO PROMOTE VETERAN PROGRAMS

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,045

Program Service Revenue $38,209

Investment Income $408,022

Other Revenue $0

TOTAL REVENUE $447,276

Expense Breakdown

Grants Paid $1,700

Salaries & Benefits $12,239

Fundraising Expenses $0

Program Expenses $1,700

Other Expenses $44,920

TOTAL EXPENSES $58,859

Year-over-Year Comparison

	2022	2021	Change
Revenue	$447,276	$34,381	+12.0%
Expenses	$58,859	$51,928	+0.1%
Net Income	$388,417	$-17,547	-23.1%

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

Independent Members

Employees

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

$6,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Bedard	Quartermaster	012.00	Officer	$6,500	$0	$6,500
Glenn Skaggs	Commander	006.00	Officer	$0	$0	$0
N/A	Sr Vice Commander	006.00	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	No data	No data	No data	No data
2023	$447,276	$58,859	$721,785	$388,417
2021	$34,782	$49,818	$350,915	$-15,036

LIET HAROLD R CORNWALL POST 1298