VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS (EIN 756055779) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Principal Officer

Michael Copeland

Phone

2545593105

Tax Period

2022-07-01 to 2023-06-30

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS, founded in 1946, is a small nonprofit that reported $153K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

The Objective of The Veterans Of Foreign Wars Are: Fraternal, Patriotic, Historical And Educational, To preserve and strengthen comradeship among its members, to assist worthy comrades, to perpetrate the memory and history of our dead and to assist their widows and orphan, to maintain true allegiance to The United States Of America and fidelity to its constitution and law, to foster true Patriotism, to maintain and extend the institutions of American Freedom, and to preserve and defend The United States Of America from all Her enemies and to perform community service.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $153,354

TOTAL REVENUE $153,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,793

Fundraising Expenses $0

Program Expenses $0

Other Expenses $54,211

TOTAL EXPENSES $150,004

Year-over-Year Comparison

	2022	2021	Change
Revenue	$153,354	$135,931	+0.1%
Expenses	$150,004	$138,529	+0.1%
Net Income	$3,350	$-2,598	-2.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stevie Watkins	Trustee	2	Director	$0	$0	$0
MICHAEL G COPELAND	QUARTERMASTER	6	Officer	$0	$0	$0
CHARLES STUDEBAKER	TRUSTEE	1	Officer	$0	$0	$0
Don R Wimberly	Trustee	1	Officer	$0	$0	$0
JOEL C BOLAND	COMMANDER	3	Officer	$0	$0	$0
MICHAEL COPELAND	ADJUTANT	6	Officer	$0	$0	$0
KENNETH D BRANNAN	SR VICE	1	Officer	$0	$0	$0
Donal Yoes	Junior Vice	2	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
2023	$153,354	$150,004	$13,270	$3,350
2022	$135,931	$138,529	$9,920	$-2,598
2021	$40,683	$66,817	$12,518	$-26,134

VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TEXAS