AMERICAN LEGION

EIN: 056015337

Shannock, RI

Total Revenue
$234,062
Total Expenses
$67,203
Total Assets
$166,859
Net Assets
$166,859
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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
1955
Legal Domicile
RI
Principal Officer
Henry A Holland Jr
Phone
4013649715
Tax Period
2023-01-01 to 2023-12-31

AMERICAN LEGION, founded in 1955, is a small nonprofit that reported $234K in total revenue in fiscal year 2023. The organization ran a surplus of $167K, a strong 71% operating margin.

Mission

TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS VETERAN MEMBERS AND PROMOTE SOCIAL WELFARE IN THE COMMUNITY WHILE ADVOCATING PATRIOTISM. THE DOWNEY WEAVER FOLLOWS THE MISSION OF THE NATIONAL 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,540
Program Service Revenue $228,522
Investment Income $0
Other Revenue $0
TOTAL REVENUE $234,062

Expense Breakdown

Grants Paid $5,540
Salaries & Benefits $61,405
Fundraising Expenses $0
Program Expenses $0
Other Expenses $168
TOTAL EXPENSES $67,203

Year-over-Year Comparison

2023 2022 Change
Revenue $234,062 $241,772 0.0%
Expenses $67,203 $239,220 -0.7%
Net Income $166,859 $2,552 +64.4%
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
3
Independent Members
3
Employees
6
Volunteers
40

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Henry A Holland Jr President 30
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
2023 $234,062 $67,203 $166,859 $166,859
2022 $241,772 $239,220 $7,023 $2,552
2019 $184,419 $176,561 $57,523 $7,858
2018 $180,481 $178,366 $49,665 $2,115
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