Veteran's of Foreign Wars Ladies

Nonprofit profile at a glance

EIN
382676460
IRS 990-EZ coverage
2009–2010
Forms available
Form 990-EZ 2010
Location
Harrison, MI, USA
Phone
9895396172
Rating
38
Verdict
REVIEW
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Reported finances

Revenue
$32,652
Expenses
$39,291
Assets
$15,062

Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

4 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of this corporation shall be fraternal, patriotic, historical, and educational; to assist the posts and members thereof of the veterans of foreign wars of the united states, and its own members whenever possible; to maintain true allegiance to the government of the united states of america and fidelity to its constitution and laws; to foster true patriotism; to maintain and extend the institutions of american freedom and equal rights and justice to all men and women; and to preserve and defend the united states of america form all her enemies whomsoever.

What it reported doing in 2010

To provide va bingo services

Operating model

Revenue model
Other-operating. 96% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 4
  • Transparency & Controls: 82
  • Sustainability: 18
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4%; rating input score 4
  • Program expense ratio: 3.4%; rating input score 3

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -20.3%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.38; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 48.9% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -14.5% per year; rating input score 0; 34th percentile among comparable filings
  • Asset growth: -36.1% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 4% of revenue deployed · 3.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $1K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2009 to 2010
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 4/100.
  • High — Financial Efficiency: Program expense ratio scored 3/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.