Veterans of Foreign Wars Dept of Kentucky (EIN 610652594) - 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

1957

Legal Domicile

Principal Officer

Benjamin MeyerZ

Phone

8592548277

Tax Period

2024-01-01 to 2024-12-31

Veterans of Foreign Wars Dept of Kentucky, founded in 1957, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. The organization ran a surplus of $30K, a strong 16% operating margin.

Mission

To honor the memories of past and present veterans of foriegn wars and to provide services to veterans and their families for their sacrifices to our great nation.

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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 $36,298

Program Service Revenue $0

Investment Income $489

Other Revenue $153,453

TOTAL REVENUE $190,240

Expense Breakdown

Grants Paid $9,412

Salaries & Benefits $67,760

Fundraising Expenses $0

Other Expenses $77,943

TOTAL EXPENSES $160,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,240	N/A	N/A
Expenses	$160,731	N/A	N/A
Net Income	$29,509	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

Independent Members

Employees

Volunteers

100

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
Benjamin Meyer	Quartermaster	15.00	Officer	$0	$0	$0
Nicole Horseman	Commander	10.00	Officer	$0	$0	$0
Justin Hollon	Sr Vice Commander	10.00	Officer	$0	$0	$0
Donna Cornett	Jr Vice Commander	10.00	Officer	$0	$0	$0
Jody Roberts	1st Year Trustee	10.00	Director	$0	$0	$0
Thomas Horseman	2nd Year Trustee	10.00	Director	$0	$0	$0
Steven Delk	3rd Year Trustee	10.00	Director	$0	$0	$0
Richard Barela	Adjutant	10.00	Officer	$0	$0	$0
Richard Barela	Service Officer	10.00	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
2024	$190,240	$160,731	$175,169	$29,509
2023	$143,468	$138,221	$143,910	$5,247
2022	$93,088	$150,661	$139,242	$-57,573
2021	$273,477	$119,970	$198,126	$153,507
2020	$70,407	$68,733	$51,480	$1,674
2018	$103,439	$91,096	$23,042	$12,343

Veterans of Foreign Wars Dept of Kentucky