VETERANS OF FOREIGN WARS DEPARTMEN… - 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

1932

Legal Domicile

Principal Officer

CHRISTINE OLDHAM

Phone

5018348392

Tax Period

2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS DEPARTMENT OF ARKANSAS, founded in 1932, is a small nonprofit that reported $222K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $194K left a modest 13% surplus.

Mission

ASSIST VETERANS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $4,974

SCHOLARSHIPS AND SAVINGS BONDS AWARDED TO STATE WINNERS OF OUR ANNUAL ORATORY AND WRITTEN CONTESTS. THIS CONTEST IS OPEN TO ANY SCHOOL AGED CHILD GRADES 7-12, USUAL NUMBER OF PARTICIPANTS IS ABOUT...

SCHOLARSHIPS AND SAVINGS BONDS AWARDED TO STATE WINNERS OF OUR ANNUAL ORATORY AND WRITTEN CONTESTS. THIS CONTEST IS OPEN TO ANY SCHOOL AGED CHILD GRADES 7-12, USUAL NUMBER OF PARTICIPANTS IS ABOUT 200. ALSO A SCHOLARSHIP IS AWARDED TO A SON OR DAUGHTER OF A 60% DISABLED VETERAN.

Program 2

Expenses: $93,297

MEMORIAL FLOWERS, NEEDS TO HOSPITALIZED VETERANS, NEEDS FOR VETERANS IN OUR TWO STATE VETERANS HOMES, NEEDS FOR ACTIVE DUTY VETERANS AND FAMILIES, DUES TO OTHER VETS ORGANIZATIONS, SPECIAL PICNIC FOR ALL VETERANS HELD IN CONJUCTION WITH OTHER VETS ORGANIZATIONS AND THE STATE GOVERNORS OFFICE.

Program 3

Expenses: $26,857

INCENTIVES TO OUR MEMBERS FOR RECRUITING NEW MEMBERS AND GRANT TO OUR STATE SERVICE OFFICERS FOR BOOKS AND COMPUTERS.

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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 $56,947

Program Service Revenue $141,825

Investment Income $11,913

Other Revenue $11,515

TOTAL REVENUE $222,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,424

Fundraising Expenses $0

Program Expenses $125,128

Other Expenses $126,643

TOTAL EXPENSES $194,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,200	$316,708	-0.3%
Expenses	$194,067	$213,561	-0.1%
Net Income	$28,133	$103,147	-0.7%

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

10859

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOREEN BROWN	CHAPLAIN	N/A	Officer	$0	$0	$0
TERRY HAM	JUDGE ADVOCA	N/A	Officer	$0	$0	$0
LINDA JOHNSON	JR VICE COMM	N/A	Officer	$0	$0	$0
ASHLEY LITTLE	CHIEF OF STA	N/A	Officer	$0	$0	$0
CHRISTINE OLDHAM	ADJUTANT/QUA	N/A	Officer	$0	$0	$0
GLEN POWELL	SURGEON	N/A	Officer	$0	$0	$0
ELVIN TATE	COMMANDER	N/A	Officer	$0	$0	$0
RODNEY WOOD	SR VICE COMM	N/A	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
2025	No data	No data	No data	No data
2024	$222,200	$194,067	$349,688	$28,133
2023	$316,708	$213,561	$321,542	$103,147
2022	$206,545	$349,334	$218,401	$-142,789
2021	$399,313	$325,671	$301,725	$73,642
2020	$177,531	$195,454	$229,145	$-17,923
2019	$180,981	$200,521	$246,594	$-19,540

VETERANS OF FOREIGN WARS DEPARTMENT OF ARKANSAS