American Legion Post 388 (EIN 111736534) - 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

1949

Legal Domicile

Principal Officer

Jack Prizzi

Phone

6317259759

Tax Period

2024-01-01 to 2024-12-31

American Legion Post 388, founded in 1949, is a small nonprofit that reported $150K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $68K, a strong 46% operating margin.

Mission

To honor with wreaths and memorials, the deceased local men and women who served in the U.S. military. We celebrate patriotic holidays with Sag Harbor citizens and guests.

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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 $4,229

Program Service Revenue $0

Investment Income $8,011

Other Revenue $137,296

TOTAL REVENUE $149,536

Expense Breakdown

Grants Paid $22,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $59,245

TOTAL EXPENSES $81,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,536	$223,822	-0.3%
Expenses	$81,245	$76,298	+0.1%
Net Income	$68,291	$147,524	-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

Independent Members

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
Carl Browngardt	1st V Commander	4.00	Officer Director	$0	$0	$0
Teri Labrozzi	Finance Officer	4.00	Officer Director	$0	$0	$0
William Schildknecht	Chaplain	4.00	Officer Director	$0	$0	$0
Jack Prizzi	Commander	4.00	Officer Director	$0	$0	$0
Paul Gerecke	Adjutant	4.00	Officer Director	$0	$0	$0
Richard Nesi	Service Officer	1.00	Officer Director	$0	$0	$0
Robert Browngardt	At Large member	1.00	Director	$0	$0	$0
Bruce Winchell	At Large member	1.00	Director	$0	$0	$0
William Stafford	Past Commander	2.00	Officer	$0	$0	$0
Thomas Cartino	Sgt at Arms	2.00	Officer	$0	$0	$0
Bonnie Jackson	2nd V Commander	2.00	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
2024	$149,536	$81,245	$1,170,873	$68,291
2023	$223,822	$76,298	$1,102,582	$147,524
2022	$71,853	$79,841	$955,058	$-7,988
2021	$96,362	$57,818	$940,385	$38,544
2020	$88,757	$39,946	$903,063	$48,811

American Legion Post 388