LT NORMAN PRINCE POST 1506 INC (EIN 046126886) - 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

1927

Legal Domicile

Phone

6179576306

Tax Period

2024-01-01 to 2024-12-31

LT NORMAN PRINCE POST 1506 INC, founded in 1927, is a micro nonprofit that reported $82K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $112K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE VFW NORMAN PRINCE POST #1506 PLAYS AN ACTIVE ROLE IN THE SUPPORT OF LOCAL VETERANS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,201

Program Service Revenue $72,498

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $111,769

TOTAL EXPENSES $111,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,699	$101,171	-0.2%
Expenses	$111,769	$120,844	-0.1%
Net Income	$-30,070	$-19,673	+0.5%

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

N/A

Independent Members

N/A

Employees

N/A

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
JOSEPH D STENTIFORD	SR VICE COMMANDER	2.00	Director	$0	$0	$0
GARY BROWN	COMMANDER	2.00	Director	$0	$0	$0
BRIAN LADNER	ADJUTANT	2.00	Director	$0	$0	$0
GARY WHEELOCK	QUARTERMAASTER	2.00	Director	$0	$0	$0
LEO BOUDREAU	JR VICE COMMANDER	2.00	Director	$0	$0	$0
GERALD LIBBY	CHAPLAIN	2.00	Director	$0	$0	$0
GERALD FOLEY	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN M ERICKSON	SERVICE OFFICER	2.00	Director	$0	$0	$0
JOSHUA J BAGLEY	JUDGE ADVICATE	2.00	Director	$0	$0	$0
MICHAEL NOCITO	TRUSTEE	2.00	Director	$0	$0	$0
LEO P GREENE	SURGEON	2.00	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
2024	$81,699	$111,769	$678,192	$-30,070
2023	$101,171	$120,844	$695,130	$-19,673
2022	$94,442	$70,724	$705,718	$23,718
2021	$54,266	$49,105	$687,560	$5,161
2020	$35,301	$55,921	$684,790	$-20,620
2019	$136,309	$112,417	$710,626	$23,892
2018	$98,313	$116,767	$691,610	$-18,454

LT NORMAN PRINCE POST 1506 INC