VETERANS OF FOREIGN WARS POST 1480

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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

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 VETERANS OF FOREIGN WARS POST #1480 OFFER COMMUNITY PROGRAMS THAT ARE DESIGNED TO ENCOURAGE COMMUNITY SERVICE AND INCREASE CIVIC PRIDE, WHICH ULTIMATELY ENHANCES EDUCATION, IMPROVES THE ENVIRONMENT AND ENSURES THE AVAILABLITY OF HEALTH SERVICE FOR OUR NATIONS VETERANS.

Program Service Accomplishments

Program 1

Expenses: $113,636 Revenue: $55,572

THE VETERAN OF FOREIGN WARS POST #1480 PROVIDES A FACILITY WHERE VETERANS AND GUESTS CAN MEET FOR FELLOWSHIP. BETERANS ALSO MEET ON A MONTHLY BASIS TO ASSIST LOCAL 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 (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

Governance

Voting Members

399

Independent Members

399

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

$7,200

Total Directors

Key Employees

Highest Compensated

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