Fairmount Post 85 The American Legion Department of Rhode Island (EIN 050253976) - 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

1996

Legal Domicile

Principal Officer

Robert Lefort

Phone

4017667585

Tax Period

2024-01-01 to 2024-12-31

Fairmount Post 85 The American Legion Department of Rhode Island, founded in 1996, is a small nonprofit that reported $312K in total revenue in fiscal year 2024.

Mission

Assisting and serving veterans in accordance with the national constitution of the American Legion.

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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 $23,384

Program Service Revenue $266,455

Investment Income $0

Other Revenue $22,559

TOTAL REVENUE $312,398

Expense Breakdown

Grants Paid $4,741

Salaries & Benefits $68,693

Fundraising Expenses $0

Other Expenses $244,736

TOTAL EXPENSES $318,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,398	$314,108	0.0%
Expenses	$318,170	$311,398	+0.0%
Net Income	$-5,772	$2,710	-3.1%

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

114

Independent Members

114

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Dufresne	Vice Commander	2.00	Director	$0	$0	$0
Robert Lefort	Commander	10.00	Officer Director	$0	$0	$0
David Fregeau	Treasurer	5.00	Officer Director	$0	$0	$0
Joseph Henault	Vice Commander	2.00	Officer Director	$0	$0	$0
David Malone	Adjutant	5.00	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	$312,398	$318,170	$146,147	$-5,772
2023	$314,108	$311,398	$151,780	$2,710
2022	$154,873	$144,957	$150,558	$9,916
2021	$159,828	$162,916	$142,828	$-3,088
2020	$76,263	$74,660	$148,465	$1,603
2019	$109,353	$77,644	$159,157	$31,709
2018	$97,433	$84,385	$135,068	$13,048

Fairmount Post 85 The American Legion Department of Rhode Island