VETERANS OF FOREIGN WARS DEPT OF KENTUCKY (EIN 610412514) - 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

1948

Legal Domicile

Principal Officer

Jerry Shanks

Phone

6064364224

Tax Period

2023-01-01 to 2023-12-31

VETERANS OF FOREIGN WARS DEPT OF KENTUCKY, founded in 1948, is a small nonprofit that reported $272K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

Provide support for our community organizations and assist Veterans and their famailies

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,459

Program Service Revenue $37,265

Investment Income $587

Other Revenue $213,790

TOTAL REVENUE $272,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,208

Fundraising Expenses $0

Program Expenses $0

Other Expenses $271,467

TOTAL EXPENSES $283,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,101	$319,112	-0.1%
Expenses	$283,675	$279,346	+0.0%
Net Income	$-11,574	$39,766	-1.3%

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

139

Independent Members

N/A

Employees

Volunteers

139

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

$19,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Caldwell	Quartermaster	30	Officer	$9,600	$9,600	$19,200
Elmer Melton	Trustee	5	Officer	$0	$0	$0
Charles Hendrickson	Trustee	5	Officer	$0	$0	$0
Bruce Ashley	Trustee	5	Officer	$0	$0	$0
Jerry Shanks	Commander	30	Officer	$0	$0	$0
Jeffery Banks	Junior Vice Commander	15	Officer	$0	$0	$0
Thomas Parsons	Senior Vice Commander	5	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	$272,101	$283,675	$199,773	$-11,574
2022	$319,112	$279,346	$211,347	$39,766
2021	$117,894	$90,659	$171,581	$27,235
2020	$66,157	$83,912	$144,346	$-17,755

VETERANS OF FOREIGN WARS DEPT OF KENTUCKY