Ragnar Myking Post 4352 Veterans of Foreign Wars of the United States

EIN: 926002404

Ketchikan, AK

Total Revenue
$399,441
Total Expenses
$18,736
Total Assets
$425,533
Net Assets
$425,533
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
AK
Principal Officer
Joseph Reeves
Phone
9072250845
Tax Period
2021-01-01 to 2021-12-31

Ragnar Myking Post 4352 Veterans of Foreign Wars of the United States, founded in 1951, is a small nonprofit that reported $399K in total revenue in fiscal year 2021. Revenue surged 11997% from the prior year, signaling strong growth momentum. The organization ran a surplus of $381K, a strong 95% operating margin.

Mission

The monies raised throughout social quarters is used for the betterment of all veterans, active and disabled military and their families.

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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 (2021)

Revenue Breakdown

Contributions & Grants $13,210
Program Service Revenue $0
Investment Income $386,231
Other Revenue $0
TOTAL REVENUE $399,441

Expense Breakdown

Grants Paid $2,043
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,043
Other Expenses $16,693
TOTAL EXPENSES $18,736

Year-over-Year Comparison

2021 2020 Change
Revenue $399,441 $3,302 +120.0%
Expenses $18,736 $19,961 -0.1%
Net Income $380,705 $-16,659 -23.9%
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
5
Independent Members
5
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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gwenna I Richardson 2 Year Trustee 1.00
Director
$0 $0 $0
George Houck 3 Year Trustee 1.00
Director
$0 $0 $0
Paul A Robbins Jr Adjutant 1.00
Director
$0 $0 $0
Edsel J Clayton Jr Service Officer 1.00
Director
$0 $0 $0
Trevor Sayers Commander 1.00
Director
$0 $0 $0
Richard Jackson 1 Year Trustee 1.00
Director
$0 $0 $0
Frank Sherman Senior Vice Commander 1.00
Officer
$0 $0 $0
Ed Stone Junior Vice Commander 1.00
Officer
$0 $0 $0
Dennis E Spurgeon Chaplain 1.00
Officer
$0 $0 $0
Joseph Reeves Quartermaster 30.00
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
2021 $399,441 $18,736 $425,533 $380,705
2020 $3,302 $19,961 $53,431 $-16,659
2019 $37,842 $58,495 $72,978 $-20,653
2018 $68,837 $83,059 $96,248 $-14,222
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