VETERANS OF FOREIGN WARS DEPT OF KENTUCKY (EIN 611258805) - 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

1999

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

VETERANS OF FOREIGN WARS DEPT OF KENTUCKY, founded in 1999, is a small nonprofit that reported $122K in total revenue in fiscal year 2021. Revenue surged 339% from the prior year, signaling strong growth momentum. Expenses of $145K exceeded revenue, resulting in a 19% operating deficit.

Mission

ASSISTING VETERANS, THE MILITARY AND PROVIDING SUPPORT TO THE COMMUNITY

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $121,848

TOTAL REVENUE $121,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $113,111

Other Expenses $144,526

TOTAL EXPENSES $144,526

Year-over-Year Comparison

	2021	2020	Change
Revenue	$121,848	$27,738	+3.4%
Expenses	$144,526	$29,296	+3.9%
Net Income	$-22,678	$-1,558	+13.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD COLE	SURGEON	6.00	Officer Director	$0	$0	$0
DANNY COLE	TRUSTEE	6.00	Officer Director	$0	$0	$0
JAMES HUNTER	TRUSTEE	6.00	Officer Director	$0	$0	$0
BEN ALLEN	JUDGE ADVOCATE	6.00	Officer Director	$0	$0	$0
JACK BROCK	TRUSTEE	6.00	Officer Director	$0	$0	$0
JOSPEH FERGUSON	QUARTERMASTER	6.00	Officer Director	$0	$0	$0
JONATHAN ALLEN	COMMANDER	6.00	Officer Director	$0	$0	$0
DAVID GROSS	SENIOR VICE COMMANDER	6.00	Officer Director	$0	$0	$0
GARY SMITH	CHAPLAIN	6.00	Officer Director	$0	$0	$0
STEPHEN FUSON	JUNIOR VICE COMMANDER	6.00	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
2021	$121,848	$144,526	$194,597	$-22,678
2020	$27,738	$29,296	$217,275	$-1,558
2019	$65,169	$57,055	$218,833	$8,114
2018	$88,433	$28,784	$210,719	$59,649

VETERANS OF FOREIGN WARS DEPT OF KENTUCKY