Heart Of Lakes Vfw Post 7702
EIN: 410878351 · Frazee, MN · NTEE: W30
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $147K |
| Net Assets | $97K |
Is Heart Of Lakes Vfw Post 7702 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heart Of Lakes Vfw Post 7702
Heart Of Lakes Vfw Post 7702 (EIN: 410878351) is a nonprofit organization based in Frazee, MN, classified under NTEE code W30. The organization reported total revenue of $280K and total assets of $210K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Of Lakes Vfw Post 7702's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heart Of Lakes Vfw Post 7702 is a small nonprofit that has been operating for 1 years, with 8 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $140K |
| Total Expenses | $147K |
| Surplus / Deficit | $-6,806 |
| Total Assets | $159K |
| Total Liabilities | $62K |
| Net Assets | $97K |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 39.1% |
| Months of Reserves | 13.0 months |
Financial Health Grade: B
In 2019, Heart Of Lakes Vfw Post 7702 reported a deficit of $7K with expenses exceeding revenue, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 39.1% (moderate leverage).
Financial Trends
Over 8 years of filings (2011–2019), Heart Of Lakes Vfw Post 7702's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -14.9% | +0.1% | -10.2% |
| 2018 | +22.5% | +4.2% | +97.2% |
| 2017 | +32.5% | +55.6% | -7.6% |
| 2016 | -7.3% | +37.7% | +14.0% |
| 2014 | +68.5% | +16.7% | +48.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heart Of Lakes Vfw Post 7702 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heart Of Lakes Vfw Post 7702 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.1%.
Frequently Asked Questions about Heart Of Lakes Vfw Post 7702
Is Heart Of Lakes Vfw Post 7702 a legitimate charity?
Heart Of Lakes Vfw Post 7702 (EIN: 410878351) is a registered tax-exempt nonprofit based in Minnesota. It has 8 years of IRS 990 filings on record. Total revenue: $280K. No red flags identified. Financial health grade: B.
How does Heart Of Lakes Vfw Post 7702 spend its money?
Heart Of Lakes Vfw Post 7702 reported $280K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heart Of Lakes Vfw Post 7702 tax-deductible?
Heart Of Lakes Vfw Post 7702 is registered as a tax-exempt nonprofit (EIN: 410878351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heart Of Lakes Vfw Post 7702 located?
Heart Of Lakes Vfw Post 7702 is headquartered in Frazee, Minnesota and files with the IRS under EIN 410878351. It is classified under NTEE code W30.
How many years of IRS 990 filings does Heart Of Lakes Vfw Post 7702 have?
Heart Of Lakes Vfw Post 7702 has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $280K in total revenue.
Filing History
IRS 990 filing history for Heart Of Lakes Vfw Post 7702 showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2019), Heart Of Lakes Vfw Post 7702's revenue has grown by 107.3%, moving from $68K to $140K. Total assets increased by 165.9% over the same period, from $60K to $159K. Total functional expenses rose by 108%, from $71K to $147K. In its most recent filing year (2019), Heart Of Lakes Vfw Post 7702 reported a deficit of $7K, with expenses exceeding revenue. The organization holds $62K in liabilities against $159K in assets (debt-to-asset ratio: 39.1%), resulting in net assets of $97K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $140K | $147K | $159K | $62K | — | View 990 |
| 2018 | $165K | $147K | $177K | $73K | — | View 990 |
| 2017 | $134K | $141K | $90K | $4K | — | View 990 |
| 2016 | $101K | $91K | $97K | $5K | — | View 990 |
| 2014 | $109K | $66K | $85K | $4K | — | View 990 |
| 2013 | $65K | $56K | $57K | $20K | — | View 990 |
| 2012 | $65K | $63K | $58K | $29K | — | View 990 |
| 2011 | $68K | $71K | $60K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $140K, expenses of $147K, and assets of $159K (revenue -14.9% year-over-year).
- 2018: Revenue of $165K, expenses of $147K, and assets of $177K (revenue +22.5% year-over-year).
- 2017: Revenue of $134K, expenses of $141K, and assets of $90K (revenue +32.5% year-over-year).
- 2016: Revenue of $101K, expenses of $91K, and assets of $97K (revenue -7.3% year-over-year).
- 2014: Revenue of $109K, expenses of $66K, and assets of $85K (revenue +68.5% year-over-year).
- 2013: Revenue of $65K, expenses of $56K, and assets of $57K (revenue -0.8% year-over-year).
- 2012: Revenue of $65K, expenses of $63K, and assets of $58K (revenue -3.1% year-over-year).
- 2011: Revenue of $68K, expenses of $71K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heart Of Lakes Vfw Post 7702:
Data Sources and Methodology
This transparency report for Heart Of Lakes Vfw Post 7702 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.