VETERANS OF FOREIGN WARS DEPARTMENT OF ARKANSAS

EIN: 710511838

Tumbling Shoals, AR

Total Revenue
$138,679
Total Expenses
$163,413
Total Assets
$282,839
Net Assets
$282,839
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
AR
Principal Officer
TERRY KEMP
Phone
5013629651
Tax Period
2023-07-01 to 2024-06-30

Veterans of Foreign Wars Leonard Stark Post 3543, founded in 1936, is a small nonprofit that reported $152K in total revenue in fiscal year 2019. Revenue decreased 9% compared to the prior year.

Mission

To assist Veterans and families in need.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,295
Program Service Revenue $0
Investment Income $2,011
Other Revenue $135,373
TOTAL REVENUE $138,679

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,814
Fundraising Expenses $0
Program Expenses $163,413
Other Expenses $138,288
TOTAL EXPENSES $163,413

Year-over-Year Comparison

2023 2022 Change
Revenue $138,679 $136,800 +0.0%
Expenses $163,413 $132,872 +0.2%
Net Income $-24,734 $3,928 -7.3%
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

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Governance

Voting Members
300
Independent Members
300
Employees
2
Volunteers
20

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ron Allsup Quartermaster 10
Director
$0 $0 $0
Terry Kemp Commander 10
Director
$0 $0 $0
Frank Cahill Junior Vice Commander 5
Officer
$0 $0 $0
Tommy Bunch Senior Vice Commander 5
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 $138,679 $163,413 $282,839 $-24,734
2023 $136,800 $132,872 $307,573 $3,928
2022 $156,315 $146,745 $303,645 $9,570
2021 $200,403 $144,797 $294,075 $55,606
2020 $152,171 $149,058 $238,469 $3,113
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