VETERANS OF FOREIGN WARS DEPT OF K… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

BRIAN KING

Phone

8597507211

Tax Period

2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS DEPT OF KENTUCKY, founded in 1968, is a small nonprofit that reported $119K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $49K, a strong 42% operating margin.

Mission

VFW CHAPTER TO SUPPORT VETERANS CHARITABLE CONTRIBUTIONS THROUGHOUT THE COMMUNITY, ADN PROVIDE VETERANS COLOR GUARD BURIAL CEREMONIES

Program Service Accomplishments

Program 1

Expenses: $69,195 Revenue: $117,817

FUNERALS WITH COLOR GUARDS PARADES AND SCHOOL VISITS VIETNAM VET MEMORIAL WREATHS ACROSS AMERICA POPPIES

Program 2

Expenses: $0 Revenue: $0

SCHOLARSHIPS COMMUNITY ORGANIZATIONS VFW CHILDRENS HOME VFW BARRACKS PROJECT VOICE OF DEMOCRACY ESSAY CONTEST

Program 3

Expenses: $0 Revenue: $0

MOUNTAIN STATE, NATIONAL, AND LOCAL VFW ORG LOCAL OFFICER EXP QUARTERMASTER SALARY

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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 $798

Program Service Revenue $1,536

Investment Income $0

Other Revenue $116,281

TOTAL REVENUE $118,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,600

Fundraising Expenses $0

Program Expenses $69,195

Other Expenses $53,595

TOTAL EXPENSES $69,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,615	$233,226	-0.5%
Expenses	$69,195	$158,063	-0.6%
Net Income	$49,420	$75,163	-0.3%

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

114

Independent Members

114

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

$15,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jared Bonvell	Commander	2.00	Officer	$0	$0	$0
Brian King	Quartermaster	35.00	Officer	$15,600	$0	$15,600
Jesse Kelly	Senior Vice Commander	2.00	Officer	$0	$0	$0
Tyler Leopold	Junior Vice Commander	2.00	Officer	$0	$0	$0
Hewitt Hardin	Chaplain	2.00	Officer	$0	$0	$0
Paul Kremer	1st Year Trustee	2.00	Director	$0	$0	$0
Ronald Brickler	2nd Year Trustee	2.00	Director	$0	$0	$0
Terrance Bell	3rd Year Trustee	2.00	Director	$0	$0	$0
Mark See	SVC Officer/JA	2.00	Officer	$0	$0	$0
Everett Harrison	Surgoen	2.00	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	$118,615	$69,195	$576,798	$49,420
2024	$118,615	$69,195	$576,798	$49,420
2023	$233,226	$158,063	$527,378	$75,163
2022	$167,217	$127,274	$439,180	$39,943
2021	$205,930	$143,400	$398,539	$62,530

VETERANS OF FOREIGN WARS DEPT OF KENTUCKY