VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS (EIN 742250050) - 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

1983

Legal Domicile

Principal Officer

Richard R Desrosiers

Phone

5122822301

Tax Period

2021-07-01 to 2022-06-30

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS, founded in 1983, is a small nonprofit that reported $288K in total revenue in fiscal year 2021. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $329K exceeded revenue, resulting in a 14% operating deficit.

Mission

To foster camaraderie among United States veterans of overseas conflicts. To serve our veterans, the military and our communities. To advocate on behalf of all 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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $7,833

Program Service Revenue $277,597

Investment Income $0

Other Revenue $2,225

TOTAL REVENUE $287,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,093

Fundraising Expenses $0

Program Expenses $0

Other Expenses $307,768

TOTAL EXPENSES $328,861

Year-over-Year Comparison

	2021	2020	Change
Revenue	$287,655	$211,812	+0.4%
Expenses	$328,861	$256,052	+0.3%
Net Income	$-41,206	$-44,240	-0.1%

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

236

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

$21,093

Total Directors

$21,093

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard R Desrosiers	Quartermaster	40	Officer Director	$21,093	$0	$21,093
Mike Phannenstiel	Commander	2	Officer Director	$0	$0	$0
Benny Aleman	1 yr Trustee	2	Director	$0	$0	$0
Mike Kernan	2 yr Trustee	2	Director	$0	$0	$0
Bob Heckler	3 YR Trustee	2	Director	$0	$0	$0
William Banks	Sr Vice Commander	2	Officer	$0	$0	$0
Joseph Lalande	Jr Vice Commander	2	Officer	$0	$0	$0
John Mayfield	Adjuntant	2	Officer	$0	$0	$0
Vance Presley	Post Chaplain	2	Officer	$0	$0	$0
Ted M Lange	Post Judge Advocate	2	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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$287,655	$328,861	$687,395	$-41,206
2021	$211,812	$256,052	$723,761	$-44,240

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS