VETERANS OF FOREIGN WARS POST 2598

EIN: 620487540

CLEVELAND, TN

Total Revenue
$56,358
Total Expenses
$54,385
Total Assets
$462,080
Net Assets
$427,153
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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
1945
Legal Domicile
TN
Principal Officer
BILLY PIERCE
Tax Period
2020-01-01 to 2020-12-31

VETERANS OF FOREIGN WARS POST 2598, founded in 1945, is a micro nonprofit that reported $56K in total revenue in fiscal year 2020. Expenses of $54K left a modest 4% surplus.

Mission

PROMOTES ACTIVITIES OF RETIRED 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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,900
Program Service Revenue $32,031
Investment Income $22,427
Other Revenue $0
TOTAL REVENUE $56,358

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,653
Fundraising Expenses $0
Program Expenses $54,385
Other Expenses $41,732
TOTAL EXPENSES $54,385

Year-over-Year Comparison

2020 2019 Change
Revenue $56,358 N/A N/A
Expenses $54,385 N/A N/A
Net Income $1,973 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

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Governance

Voting Members
4
Independent Members
4
Employees
18
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRENT ROGERS JR VICE COMMANDER 1.00
Director
$0 $0 $0
CALR ZURCHER SR VICE COMMANDER 1.00
Officer
$0 $0 $0
BILLY PIERCE COMMANDER 1.00
Officer
$0 $0 $0
ERNIE GRIGGS QUARTERMASTER 1.00
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
2020 $56,358 $54,385 $462,080 $1,973
2019 $109,233 $173,453 $431,320 $-64,220
2018 $135,229 $136,699 $495,540 $-1,470
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