Veterans of Foreign Wars of th Dept of TX 2438 Phillip H Parke (EIN 741935793) - Form 990 Financial Analysis & Trantor Score

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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

1976

Legal Domicile

Principal Officer

Donald C Wells

Phone

9792458857

Tax Period

2024-07-01 to 2025-06-30

Veterans of Foreign Wars of th Dept of TX 2438 Phillip H Parke, founded in 1976, is a small nonprofit that reported $113K in total revenue in fiscal year 2024. Revenue surged 128% from the prior year, signaling strong growth momentum. Net assets of $243K represent 26 months of operating reserves.

Mission

Provide scholarships for higher education, put on programs for Veterans and provide fellowship

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,508

Program Service Revenue $0

Investment Income $494

Other Revenue $102,799

TOTAL REVENUE $112,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $117,354

TOTAL EXPENSES $117,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,801	$49,423	+1.3%
Expenses	$117,354	$44,409	+1.6%
Net Income	$-4,553	$5,014	-1.9%

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

N/A

Employees

N/A

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
James Schpard	Commander	2	Director	$0	$0	$0
Cory Eggleston	Sr Vice Comman	2	Director	$0	$0	$0
Jesse Southall	Jr Vice Comman	2	Director	$0	$0	$0
Nathan Potts	Quartermaster	2	Director	$0	$0	$0
Dane E Kappler	Chaplain	2	Director	$0	$0	$0
Donald C Wells	1 Year Trustee	2	Director	$0	$0	$0
Timothy Hall	2 Year Trustee	2	Director	$0	$0	$0
K Shuttleswort	3 Year Trustee	2	Director	$0	$0	$0
Erik T Siegel	Judge Advocate	2	Director	$0	$0	$0
Leroy F Ryman	Surgeon	2	Director	$0	$0	$0
Leonardo Bryan	Service Office	2	Director	$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	$112,801	$117,354	$243,325	$-4,553
2024	$49,423	$44,409	$247,878	$5,014
2023	$75,467	$57,919	$242,861	$17,548
2022	$66,499	$49,174	$225,313	$17,325
2021	$77,191	$39,285	$210,353	$37,906
2020	$61,394	$51,642	$170,654	$9,752
2019	$72,735	$73,392	$162,469	$-657

Veterans of Foreign Wars of th Dept of TX 2438 Phillip H Parke