Polish Legion of American Veterans

EIN: 046189015 Public & Societal Benefit

Salem, MA

Total Revenue
$85,856
Total Expenses
$83,648
Total Assets
$206,367
Net Assets
$205,360
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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
1920
Legal Domicile
MA
Principal Officer
Thomas Higgins
Phone
9787449604
Tax Period
2024-01-01 to 2024-12-31

Polish Legion of American Veterans, founded in 1920, is a micro nonprofit in the Public & Societal Benefit sector that reported $86K in total revenue in fiscal year 2024. Net assets of $205K represent 29 months of operating reserves.

Mission

Ensure Benefits were received by those who served their country and supported legislation intended for those who earned the right to the benefits being considered.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,379
Program Service Revenue $0
Investment Income $855
Other Revenue $75,622
TOTAL REVENUE $85,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,708
Fundraising Expenses $0
Other Expenses $52,940
TOTAL EXPENSES $83,648

Year-over-Year Comparison

2024 2023 Change
Revenue $85,856 $83,234 +0.0%
Expenses $83,648 $97,272 -0.1%
Net Income $2,208 $-14,038 -1.2%
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

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Governance

Voting Members
12
Independent Members
12
Employees
9
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
6
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Higgins Commander 10.00
Officer Director
$0 $0 $0
Jennifer Potorski Senior Vice Commander 10.00
Officer Director
$0 $0 $0
Constantine Szczechowicz Trustee 1 yr 10.00
Director
$0 $0 $0
Bob Cook Trustee 10.00
Director
$0 $0 $0
Tadeusz Goclawski TrusteesPast Post Cmdr 10.00
Director
$0 $0 $0
Ann Gregory Chaplain 0.00
Director
$0 $0 $0
Christine Tron Trustee 3 yrs 0.00
Director
$0 $0 $0
Scott Gates Trustee 2 yrs 10.00
Director
$0 $0 $0
Scott Sheehan Trustee 10.00
Director
$0 $0 $0
Rena Andreola Treasurer 10.00
Officer Director
$0 $0 $0
Scott Sheehan Sergeant-at-Arms 0.00
Officer Director
$0 $0 $0
Allison Krezman Service Officer 0.00
Officer Director
$0 $0 $0
Vacant Vacant VAVS Officer 0.00
Officer Director
$0 $0 $0
Vacant Vacant Trustee 2 yrs 0.00
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 $85,856 $83,648 $206,367 $2,208
2023 $83,234 $97,272 $204,151 $-14,038
2022 $8,811 $53,362 $267,408 $-44,551
2021 $17,319 $35,185 $311,955 $-17,866
2020 $121,927 $36,299 $329,088 $85,628
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