AMERICAN LEGION POST 409

EIN: 160331225

GOWANDA, NY

Total Revenue
$289,208
Total Expenses
$271,506
Total Assets
$555,136
Net Assets
$551,759
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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
1923
Legal Domicile
NY
Principal Officer
GEORGE BONNES
Phone
7164880666
Tax Period
2024-01-01 to 2024-12-31

AMERICAN LEGION POST 409, founded in 1923, is a small nonprofit that reported $289K in total revenue in fiscal year 2024. Expenses of $272K left a modest 6% surplus.

Mission

VETERANS ORGANIZATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $726
Program Service Revenue $0
Investment Income $6,634
Other Revenue $281,848
TOTAL REVENUE $289,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,346
Fundraising Expenses $0
Other Expenses $178,160
TOTAL EXPENSES $271,506

Year-over-Year Comparison

2024 2023 Change
Revenue $289,208 $277,296 +0.0%
Expenses $271,506 $240,191 +0.1%
Net Income $17,702 $37,105 -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

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Governance

Voting Members
15
Independent Members
15
Employees
7
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
3
$19,800
Total Directors
3
$19,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE BONNES COMMANDER 010.00
Officer Director
$19,800 $0 $19,800
CRAIG SMITH 1ST VICE 002.00
Officer Director
$0 $0 $0
JON REID 2ND VICE 002.00
Officer 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 $289,208 $271,506 $555,136 $17,702
2023 $277,296 $240,191 $538,579 $37,105
2022 $249,452 $184,096 $501,223 $65,356
2021 $264,059 $139,586 $434,001 $124,473
2020 $118,496 $90,216 $309,052 $28,280
2019 $228,698 $151,209 $282,016 $77,489
2018 $211,649 $135,224 $204,630 $76,425
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