LAKE GEORGE POST NO 374 INC THE AMERICAN LEGION

EIN: 146046365

LAKE GEORGE, NY

Total Revenue
$192,783
Total Expenses
$61,984
Total Assets
$291,732
Net Assets
$290,318
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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
1953
Legal Domicile
NY
Principal Officer
GARY VERNUM
Phone
5186853335
Tax Period
2023-12-01 to 2024-11-30

LAKE GEORGE POST NO 374 INC THE AMERICAN LEGION, founded in 1953, is a small nonprofit that reported $193K in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131K, a strong 68% operating margin.

Mission

OUR PURPOSE IS TO SUPPORT PATRIOTISM, PRESERVE THE MEMORIES OF VETERANS, PROMOTE PEACE AND GOODWILL AND SAFEGUARD JUSTICE, FREEDOM & DEMOCRACY.

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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 $114,963
Program Service Revenue $8,509
Investment Income $-338
Other Revenue $69,649
TOTAL REVENUE $192,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $61,984
TOTAL EXPENSES $61,984

Year-over-Year Comparison

2023 2022 Change
Revenue $192,783 $95,383 +1.0%
Expenses $61,984 $64,859 0.0%
Net Income $130,799 $30,524 +3.3%
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
5
Independent Members
150
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED BEAUDET COMMANDER 10.00
Officer
$0 $0 $0
STEVE SWANSON FIRST VICE C 10.00
Officer
$0 $0 $0
ANGELA VERNUM 2ND VICE/HOU 30.00
Officer
$0 $0 $0
GARY VERNUM ADJUTANT/FIN 30.00
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 $192,783 $61,984 $291,732 $130,799
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