VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS

EIN: 750274891 Public & Societal Benefit

San Angelo, TX

Total Revenue
$50,425
Total Expenses
$55,725
Total Assets
$952,650
Net Assets
$952,650
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
TX
Phone
3256556550
Tax Period
2020-07-01 to 2021-06-30

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS, founded in 1955, is a micro nonprofit in the Public & Societal Benefit sector that reported $50K in total revenue in fiscal year 2020. Revenue surged 371% from the prior year, signaling strong growth momentum. Expenses of $56K exceeded revenue, resulting in a 11% operating deficit.

Mission

The purposes of the organization are fraternal, patriotic, charitable, and educational, and are 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 widows and orphans, to maintain true allegiance to the Government of the United States, and fidelity to the Constitution and laws, to foster true patriotism, to maintain and extent the institutions of American freedom, and to preserve and defend the United States from all enemies.

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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 (2020)

Revenue Breakdown

Contributions & Grants $9,495
Program Service Revenue $0
Investment Income $0
Other Revenue $40,930
TOTAL REVENUE $50,425

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,625
Fundraising Expenses $0
Program Expenses $0
Other Expenses $24,100
TOTAL EXPENSES $55,725

Year-over-Year Comparison

2020 2019 Change
Revenue $50,425 $10,715 +3.7%
Expenses $55,725 $63,566 -0.1%
Net Income $-5,300 $-52,851 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
12

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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lawrence Semik Trustee 1
Director
$0 $0 $0
John Wojtkun Trustee 1
Director
$0 $0 $0
Wayne Landis Trustee 1
Director
$0 $0 $0
John Muckleroy Commander 2
Officer
$0 $0 $0
Alfred Contreras Senior Vice Commander 1
Officer
$0 $0 $0
Michael Harkness Junior Vice Commander 1
Officer
$0 $0 $0
James Ervin Quartermaster 44
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
2021 $50,425 $55,725 $952,650 $-5,300
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