Veterans Memorail Home Assoc Inc dba American Legion Post 490 (EIN 146046368) - 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

1919

Legal Domicile

Principal Officer

Edwin Burmaster

Phone

5186648037

Tax Period

2022-07-01 to 2023-06-30

Veterans Memorail Home Assoc Inc dba American Legion Post 490, founded in 1919, is a small nonprofit that reported $176K in total revenue in fiscal year 2022. The organization ran a surplus of $54K, a strong 30% operating margin.

Mission

The American Legion, by Post, assists all veterans and members of the US Armed Forces along with their dependents, conducts programs for patriotic and educational purposes, and provides social and recreational activities for its members.

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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 (2022)

Revenue Breakdown

Contributions & Grants $57,759

Program Service Revenue $0

Investment Income $11

Other Revenue $118,046

TOTAL REVENUE $175,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $122,205

TOTAL EXPENSES $122,205

Year-over-Year Comparison

	2022	2021	Change
Revenue	$175,816	$177,860	0.0%
Expenses	$122,205	$104,678	+0.2%
Net Income	$53,611	$73,182	-0.3%

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

Governance

Voting Members

132

Independent Members

N/A

Employees

N/A

Volunteers

372

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
Dave Bessey	Historian	0.00	Director	$0	$0	$0
Edwin Burmaster	Commander	10.00	Officer	$0	$0	$0
Gene Morrison	1st Vice Comm	1.00	Officer	$0	$0	$0
Shawn Sheehan	2nd Vice Comm	1.00	Officer	$0	$0	$0
Doug Farmer	Adjutant	0.00	Officer	$0	$0	$0
John Mehan	Treasurer	20.00	Officer	$0	$0	$0
Pat Carney	Chaplain	0.00	Officer	$0	$0	$0
George Marshall	Sgt At Arms	0.00	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
2023	$175,816	$122,205	$687,748	$53,611

Veterans Memorail Home Assoc Inc dba American Legion Post 490