VETERANS OF FOREIGN WAR DEPARTMENT OF TX (EIN 756055844) - 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

1944

Legal Domicile

Principal Officer

STEPHEN CLARK

Phone

9365699670

Tax Period

2021-07-01 to 2022-06-30

VETERANS OF FOREIGN WAR DEPARTMENT OF TX, founded in 1944, is a micro nonprofit that reported $28K in total revenue in fiscal year 2021. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $60K exceeded revenue, resulting in a 116% operating deficit.

Mission

PROVIDE ASSISTANCE TO VETERANS OF FOREIGN WARS, THEIR SPOUSES, AND THEIR CHILDREN. ALSO PROVIDE SCHOLARSHIPS TO QUALIFIED STUDENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $16,682

Program Service Revenue $0

Investment Income $223

Other Revenue $10,800

TOTAL REVENUE $27,705

Expense Breakdown

Grants Paid $839

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $58,443

TOTAL EXPENSES $59,723

Year-over-Year Comparison

	2021	2020	Change
Revenue	$27,705	$23,367	+0.2%
Expenses	$59,723	$48,899	+0.2%
Net Income	$-32,018	$-25,532	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL H PIPES	JUDGE ADVOCATE	20.00	Officer	$0	$0	$0
DON KIRKLEY	SENIOR VICE COMMANDER	20.00	Officer	$0	$0	$0
STEVE R LEE	JUNIOR VICE COMMANDER	20.00	Officer	$0	$0	$0
STEPHEN T CLARKE	QUARTERMASTER	20.00	Officer	$0	$0	$0
GEORGE L DECKARD	CHAPLAIN	15.00	Officer	$0	$0	$0
DONALD C BAKER	TRUSTEE	15.00	Officer	$0	$0	$0
JAMES P HOGG	ADJUTANT/SERVICE OFFICER	15.00	Officer	$0	$0	$0
CLARENCE B THIGPEN	TRUSTEE	15.00	Officer	$0	$0	$0
WILLIAM ROGERS	TRUSTEE	15.00	Officer	$0	$0	$0
JAMES H MOSBY	COMMANDER	15.00	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
2022	$27,705	$59,723	$285,994	$-32,018
2021	$23,367	$48,899	$319,943	$-25,532
2020	$33,464	$61,855	$345,475	$-28,391
2019	$66,930	$67,372	$373,866	$-442

VETERANS OF FOREIGN WAR DEPARTMENT OF TX