VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS

EIN: 750732899

SHERMAN, TX

Total Revenue
$692,934
Total Expenses
$697,583
Total Assets
$17,246
Net Assets
$17,246
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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
1933
Legal Domicile
TX
Principal Officer
Richard Childers
Phone
9038935858
Tax Period
2024-07-01 to 2025-06-30

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS, founded in 1933, is a small nonprofit that reported $693K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum.

Mission

To provide Funds and Services to 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $35,081
Program Service Revenue $657,853
Investment Income $0
Other Revenue $0
TOTAL REVENUE $692,934

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $634,419
TOTAL EXPENSES $697,583

Year-over-Year Comparison

2024 2023 Change
Revenue $692,934 $401,070 +0.7%
Expenses $697,583 $385,960 +0.8%
Net Income $-4,649 $15,110 -1.3%
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
16
Independent Members
16
Employees
15
Volunteers
25

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan McAdams Commander 20.00
Officer
$0 $0 $0
David Saenz Sr Vice Commander 20.00
Officer
$0 $0 $0
Ceasar Saenz Jr Vice Commander 20.00
Officer
$0 $0 $0
Richard Childers Quartermaster 60.00
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 $692,934 $697,583 $17,246 $-4,649
2024 $401,070 $385,960 $21,895 $15,110
2023 $387,024 $385,534 $59,415 $1,490
2022 $535,847 $554,708 $66,550 $-18,861
2021 $292,183 $298,760 $26,652 $-6,577
2020 $225,109 $216,293 $32,112 $8,816
2019 $262,970 $280,070 $23,235 $-17,100
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