Austin, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
The VFW was established to assist veterans. Our mission is to foster camaraderie among United States veterans of overseas conflicts and to serve our veterans, the military and our communities and advocate on behalf of all veterans. The purposes of the Veterans of Foreign Wars of the United States are fraternal, patriotic, historical, charitable, and educational; to preserve and strengthen comradeship among its members; to assist worthy comrades; to perpetuate the memory and history of our dead, and to assist their surviving spouses and orphans; to maintain true allegiance to the Government of the United States of America, and fidelity to its institutions of American freedom, and to preserve and defend the United States from all her enemies.
To Foster camaraderie among United States veterans of overseas conflicts and to serve our veterans, the military , and our communities and advocate on behalf of all veterans.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS with other nonprofits in Texas and across the country.