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

1936

Legal Domicile

Principal Officer

TERRY KEMP

Phone

5013629651

Tax Period

2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS DEPARTMENT OF ARKANSAS, founded in 1936, is a small nonprofit that reported $139K in total revenue in fiscal year 2023. Expenses of $163K exceeded revenue, resulting in a 18% operating deficit.

Mission

To assist Veterans and families in need.

Program Service Accomplishments

Program 1

Expenses: $163,413 Revenue: $0

We assisit Veterans and families in need.

Program 2

Expenses: $0 Revenue: $0

We assist families and veterans in need

Program 3

Expenses: $0 Revenue: $0

We assist families and veterans in need

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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 $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

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

300

Independent Members

300

Employees

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
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

VETERANS OF FOREIGN WARS DEPARTMENT OF ARKANSAS