AMERICAN LEGION POST 71-BUILDING ASSOCIATION INC

EIN: 060646242

West Haven, CT

Total Revenue
$28,437
Total Expenses
$29,026
Total Assets
$466,699
Net Assets
$443,362
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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
1954
Legal Domicile
CT
Principal Officer
John Velardi
Phone
2039337112
Tax Period
2019-09-01 to 2020-08-31

AMERICAN LEGION POST 71-BUILDING ASSOCIATION INC, founded in 1954, is a micro nonprofit that reported $28K in total revenue in fiscal year 2019. Revenue fell 49% from the prior year — a significant decline worth monitoring. Net assets of $443K represent 187 months of operating reserves.

Mission

Our organization helps Veterans and also provides community service

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,647
Program Service Revenue $0
Investment Income $0
Other Revenue $26,790
TOTAL REVENUE $28,437

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,026
Other Expenses $29,026
TOTAL EXPENSES $29,026

Year-over-Year Comparison

2019 2018 Change
Revenue $28,437 $55,953 -0.5%
Expenses $29,026 $46,012 -0.4%
Net Income $-589 $9,941 -1.1%
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

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Governance

Voting Members
3
Independent Members
70
Employees
N/A
Volunteers
70

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Velardi Commander 8
Officer
$0 $0 $0
Hector Lopez Adjutant 8
Officer
$0 $0 $0
Thomas Kosa Finance Officer 8
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
2020 $28,437 $29,026 $466,699 $-589
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