VETERANS OF FOREIGN WARS POST 2350

EIN: 880186977 Public & Societal Benefit

ELKO, NV

Total Revenue
$495,353
Total Expenses
$65,323
Total Assets
$816,521
Net Assets
$816,521
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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
1932
Legal Domicile
NV
Principal Officer
MIKE MUSGROVE
Phone
7757387839
Tax Period
2023-07-01 to 2024-06-30

VETERANS OF FOREIGN WARS POST 2350, founded in 1932, is a small nonprofit in the Public & Societal Benefit sector that reported $495K in total revenue in fiscal year 2023. Revenue surged 1613% from the prior year, signaling strong growth momentum. The organization ran a surplus of $430K, a strong 87% operating margin.

Mission

TO PROVIDE SERVICES, ASSISTANCE, SUPPORT, AND COMRADERY FOR VETERANS, THEIR FAMILIES, AND THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $485,912
Program Service Revenue $2,105
Investment Income $211
Other Revenue $7,125
TOTAL REVENUE $495,353

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $65,323
TOTAL EXPENSES $65,323

Year-over-Year Comparison

2023 2022 Change
Revenue $495,353 $28,920 +16.1%
Expenses $65,323 $59,822 +0.1%
Net Income $430,030 $-30,902 -14.9%
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

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
12
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JODY ADKIN JUNIOR VICE N/A
Officer
$0 $0 $0
MIKE MUSGROVE QUARTERMASTE N/A
Officer
$0 $0 $0
WAYNE SMITH SENIOR VICE N/A
Officer
$0 $0 $0
JIM SUTHERLAND COMMANDER N/A
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 No data No data No data No data
2024 $495,353 $65,323 $816,521 $430,030
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