WESTFIELD POST 124 THE AMERICAN LEGION INC (EIN 042081163) - Form 990 Financial Analysis & Trantor Score

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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

1945

Legal Domicile

Principal Officer

ERIC VOLK

Phone

4135629779

Tax Period

2023-01-01 to 2023-12-31

WESTFIELD POST 124 THE AMERICAN LEGION INC, founded in 1945, is a micro nonprofit that reported $43K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $54K exceeded revenue, resulting in a 25% operating deficit.

Mission

VETERAN'S CAUSES

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,768

Program Service Revenue $44,436

Investment Income $367

Other Revenue $-20,198

TOTAL REVENUE $43,373

Expense Breakdown

Grants Paid $11,416

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,723

Other Expenses $42,836

TOTAL EXPENSES $54,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,373	$70,230	-0.4%
Expenses	$54,252	$56,442	0.0%
Net Income	$-10,879	$13,788	-1.8%

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

465

Independent Members

465

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE DELANEY	SGT AT ARMS	1.00	Officer	$0	$0	$0
ERIC VOLK	HISTORIAN	1.00	Officer	$0	$0	$0
CATHY MARTIN	SR VICE COMMAND	1.00	Officer	$0	$0	$0
WILLIAM CERVONAYCO	FINANCE OFFICER	1.00	Officer	$0	$0	$0
STEVE WHITE	ADJUTANT	1.00	Officer	$0	$0	$0
JOHN VELIS	JUDGE ADVOCATE	1.00	Officer	$0	$0	$0
FRED BRENDA	SR VICE COMMAND	1.00	Officer	$0	$0	$0
RICHARD OLECHNA	CHAPLAIN	1.00	Officer	$0	$0	$0
JAMES JOHNSON	COMMANDER	1.00	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
2024	No data	No data	No data	No data
2023	$43,373	$54,252	$176,107	$-10,879
2022	$70,230	$56,442	$185,965	$13,788
2021	$82,943	$34,953	$191,646	$47,990
2020	$19,627	$25,440	$142,424	$-5,813
2019	$34,750	$51,515	$128,120	$-16,765
2018	$44,278	$46,693	$139,832	$-2,415

WESTFIELD POST 124 THE AMERICAN LEGION INC