VETERANS OF FOREIGN WARS POST 1480

EIN: 746063003

KERRVILLE, TX

Total Revenue
$101,105
Total Expenses
$168,101
Total Assets
$479,920
Net Assets
$479,920
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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
1954
Legal Domicile
TX
Principal Officer
ERIC M BURTON
Phone
8308963494
Tax Period
2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS POST 1480, founded in 1954, is a small nonprofit that reported $101K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $168K exceeded revenue, resulting in a 66% operating deficit.

Mission

THE OBJECTIVES OF THE VETERANS OF FOREIGN WARS ARE FRATERNAL, PATRIOTIC, HISTORICAL, CHARITABLE AND EDUCATIONAL. OUR MISSION IS TO PRESERVE AND STRENGTH COMRADESHIP AMONG ITS MEMBER; TO ASSIST WORTHY COMRADES; TO PERPETUATE THE MEMORY AND HISTORY OF OUR DEAD, AND TO ASSIST THEIR WIDOWS AND ORPHANS; TO MAINTAIN TRUE ALLEGIANCE TO THE GOVERNMENT OF THE UNITED STATES OF AMERICA, AND FIDELITY TO ITS CONSTITUTION AND LAWS; TO FOSTER TRUE PATRIOTISM; TO MAINTAIN AND EXTEND THE INSTITUTIONS OF AMERICAN FREEDOM; AND TO PRESERVE AND DEFEND THE UNITED STATES FROM ALL HER ENIMIES, WHOMSEVER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,725
Program Service Revenue $9,254
Investment Income $3,818
Other Revenue $80,308
TOTAL REVENUE $101,105

Expense Breakdown

Grants Paid $1,505
Salaries & Benefits $74,283
Fundraising Expenses $0
Program Expenses $113,636
Other Expenses $92,313
TOTAL EXPENSES $168,101

Year-over-Year Comparison

2024 2023 Change
Revenue $101,105 $212,897 -0.5%
Expenses $168,101 $181,865 -0.1%
Net Income $-66,996 $31,032 -3.2%
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

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Governance

Voting Members
399
Independent Members
399
Employees
21
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
7
$7,200
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE COFFMAN TRUSTEE 0.00
Director
$0 $0 $0
LARRY SUTTON TRUSTEE 0.00
Director
$0 $0 $0
PHILIP MARSHALL TRUSTEE 0.00
Director
$0 $0 $0
BRAD WILSON COMMANDER 0.00
Officer
$0 $0 $0
KEVIN CONNESS SR VICE COMMANDER 0.00
Officer
$0 $0 $0
ISRAEL VELASQUEZ JR VICE COMMANDER 0.00
Officer
$0 $0 $0
FRANK M THOMPSON QUARTERMASTER 1.00
Officer
$7,200 $0 $7,200
GARDENIA GRAHAM ADJUTANT 0.00
Officer
$0 $0 $0
BRAD BARTZ CHAPLAIN 0.00
Officer
$0 $0 $0
WALTER MARTIN JUDGE ADVOCATE 0.00
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 $101,105 $168,101 $479,920 $-66,996
2024 No data No data No data No data
2023 $193,553 $154,345 $515,884 $39,208
2022 $217,989 $160,163 $476,676 $57,826
2021 $115,217 $107,079 $418,850 $8,138
2020 $126,483 $122,366 $410,712 $4,117
2019 $125,604 $113,367 $411,265 $12,237
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