LAKE PLACID POST 326 THE AMERICAN LEGION DEPT OF NY (EIN 141276482) - 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

1946

Legal Domicile

Principal Officer

STUART SPOTTS

Phone

5185244222

Tax Period

2023-10-01 to 2024-09-30

LAKE PLACID POST 326 THE AMERICAN LEGION DEPT OF NY, founded in 1946, is a small nonprofit that reported $205K in total revenue in fiscal year 2023. Expenses of $190K left a modest 7% surplus.

Mission

TO PROMOTE FELLOWSHIP & SOCIALIZATION AMONG ITS MEMBERS WHO ARE PAST AND PRESENT MEMBERS OF THE ARMED FORCES AND TO PROMOTE PEACE AND GOODWILL AND DEVOTED TO MUTUAL HELPFULNESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,454

Program Service Revenue $140,421

Investment Income $4,509

Other Revenue $48,423

TOTAL REVENUE $204,807

Expense Breakdown

Grants Paid $10,150

Salaries & Benefits $61,613

Fundraising Expenses $0

Other Expenses $118,609

TOTAL EXPENSES $190,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,807	$194,762	+0.1%
Expenses	$190,372	$191,100	0.0%
Net Income	$14,435	$3,662	+2.9%

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

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
DOUGLAS HOFFMAN	COMMANDER	5.00	Officer	$0	$0	$0
ROBERT MARVIN JR	1ST VICE COM	5.00	Officer	$0	$0	$0
DAVE COURSEN	2ND VICE COM	5.00	Officer	$0	$0	$0
STUART SPOTTS	PRES & 3RD C	5.00	Officer	$0	$0	$0
KIM DABY	ADJUTANT	5.00	Officer	$0	$0	$0
ERNIE ELITHORPE	FINANCE OFFI	5.00	Officer	$0	$0	$0
JUSTIN ROY	ASST FINANCE	5.00	Officer	$0	$0	$0
JIMMY HADJIS	CHAPLAIN	5.00	Officer	$0	$0	$0
ZAY CURTIS	CHAPLAIN	5.00	Officer	$0	$0	$0
WILLIAM MORRIS	SGT AT ARMS,	5.00	Officer Director	$0	$0	$0
MARK ANDREWS	DIRECTOR	5.00	Director	$0	$0	$0
JORDANNA MALLACH	DIRECTOR	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	$204,807	$190,372	$202,916	$14,435
2023	$194,762	$191,100	$180,555	$3,662
2022	$156,858	$182,849	$183,880	$-25,991
2021	$151,339	$151,442	$195,512	$-103
2020	$114,804	$137,959	$195,390	$-23,155
2019	$138,194	$146,177	$218,189	$-7,983
2018	$174,286	$155,196	$226,190	$19,090

LAKE PLACID POST 326 THE AMERICAN LEGION DEPT OF NY