AMERICAN LEGION POST #147 (EIN 010199895) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

JOSEPH MICHAUD

Phone

2077287663

Tax Period

2023-06-01 to 2024-05-31

AMERICAN LEGION POST #147 is a tax-exempt nonprofit with EIN 010199895, based in MADAWASKA, ME. Founded in 1939, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $285,705 in total revenue and $274,690 in total expenses, with net assets of $1,111,346.

Mission

TO PROMOTE FRATERNAL, FINANCIAL & SOCIAL SUPPORT TO WARTIME VETERANS AND THEIR LOCAL COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,128

Program Service Revenue $0

Investment Income $9,197

Other Revenue $273,380

TOTAL REVENUE $285,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,298

Fundraising Expenses $0

Program Expenses $274,690

Other Expenses $116,092

TOTAL EXPENSES $274,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,705	$327,070	-0.1%
Expenses	$274,690	$240,160	+0.1%
Net Income	$11,015	$86,910	-0.9%

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

Governance

Voting Members

Independent Members

N/A

Employees

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

$9,300

Total Directors

$9,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH MICHAUD	COMMANDER	1.00	Officer Director	$1,500	$0	$1,500
GREG MORIN	1ST VICE-COMMANDER	1.00	Officer Director	$0	$0	$0
HERBERT ALBERT	2ND VICE-COMMANDER	1.00	Officer Director	$0	$0	$0
PAUL BRIDEAU	FINANCE OFFICER	1.00	Officer Director	$4,800	$0	$4,800
LLOYD WOODS	ADJUTANT	1.00	Officer Director	$1,500	$0	$1,500
ROGER CORBIN	PUBLIC RELATIONS	1.00	Officer Director	$0	$0	$0
ED ELLIS	LIASON OFFICE/CHAPLAN & SERVICE OFFICER	1.00	Officer Director	$1,500	$0	$1,500
DAVE RUSSELL	SARGENT AT ARMS	1.00	Officer Director	$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	$285,705	$274,690	$1,115,986	$11,015
2023	$327,070	$240,160	$1,104,978	$86,910
2022	$331,440	$220,320	$1,017,509	$111,120
2021	$95,423	$79,340	$927,278	$16,083
2020	$203,288	$212,625	$910,166	$-9,337
2019	$255,201	$192,324	$899,324	$62,877

AMERICAN LEGION POST #147