DEPARTMENT OF TENNESSEE VETERANS O… - 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

1992

Legal Domicile

Phone

6152425851

Tax Period

2023-07-01 to 2024-06-30

DEPARTMENT OF TENNESSEE VETERANS OF FOREIGN WARS, founded in 1992, is a small nonprofit that reported $477K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102K, a strong 21% operating margin.

Mission

TO PROMOTE AND FURTHER THE WELL-BEING OF THE VETERANS OF FOREIGN WARS.

Program Service Accomplishments

Program 1

Expenses: $180,298 Revenue: $257,173

PROMOTE AND FURTHER THE WELL-BEING OF US VETERANS OF FOREIGN WARS

Program 2

Expenses: $95,676 Revenue: $14,438

PROMOTION OF DEPARTMENT GOALS AND DEVELOPMENT OF ESPIRIT DE CORP THROUGHFELLOWSHIP AND MEETINGS VIA THE DEPARTMENTS ANNUAL STATE CONVENTION. THISMEETING IS WHERE THE DEPARTMENT ELECTS ITS OFFICERS...

PROMOTION OF DEPARTMENT GOALS AND DEVELOPMENT OF ESPIRIT DE CORP THROUGHFELLOWSHIP AND MEETINGS VIA THE DEPARTMENTS ANNUAL STATE CONVENTION. THISMEETING IS WHERE THE DEPARTMENT ELECTS ITS OFFICERS FOR THE NEW YEAR,PROMOTES MEMBERSHIP GOALS, PROVIDES INFORMATION RELATED TO DEPARTMENTFINANCIAL AND ORGANIZATIONAL ACTIVIITIES.

Program 3

Expenses: $5,403 Revenue: $115,411

THE CONTINUATION OF POSTS THROUGHOUT THE STATE OF TENNESSEE. WHEN A POST NOLONGER MEETS DEPARTMENT REQUIREMENTS, THE DEPARTMENT ASSUMES CONTROL ANDINSURES ASSETS OF POSTS CONTINUE TO BENEFIT VETERANS.

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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 $160,800

Program Service Revenue $110,811

Investment Income $205,341

Other Revenue $0

TOTAL REVENUE $476,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,796

Fundraising Expenses $0

Program Expenses $281,377

Other Expenses $261,844

TOTAL EXPENSES $374,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$476,952	$346,997	+0.4%
Expenses	$374,640	$356,660	+0.1%
Net Income	$102,312	$-9,663	-11.6%

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

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

$68,000

Total Directors