OLEAN POST NO 530 THE AMERICAN LEGION DEPT OF NY (EIN 160434045) - 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

1943

Legal Domicile

Principal Officer

JAMES FARMER

Phone

7163723505

Tax Period

2024-01-01 to 2024-12-31

OLEAN POST NO 530 THE AMERICAN LEGION DEPT OF NY, founded in 1943, is a micro nonprofit that reported $64K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 16% operating deficit.

Mission

COMINGLING WITH VETERANS

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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 $1,688

Program Service Revenue $0

Investment Income $0

Other Revenue $62,587

TOTAL REVENUE $64,275

Expense Breakdown

Grants Paid $3,134

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $71,645

TOTAL EXPENSES $74,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,275	$86,151	-0.3%
Expenses	$74,779	$99,308	-0.2%
Net Income	$-10,504	$-13,157	-0.2%

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
JAMES FARMER	COMMANDER	5.00	Officer	$0	$0	$0
JAMES TAMBASH	1ST VICE	3.00	Officer	$0	$0	$0
MIKE MUIR	2ND VICE & CHAPLAIN	5.00	Officer	$0	$0	$0
WILLIAM BURLINGAME	3RD VICE	1.00	Officer	$0	$0	$0
CONNIE TINCHER	SARGENT AT ARMS	1.00	Officer	$0	$0	$0
JOHN MacROY	HISTORIAN	1.00	Officer	$0	$0	$0
PAT ORCUTT	ADJUTANT	1.00	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	$64,275	$74,779	$130,706	$-10,504
2023	$86,151	$99,308	$146,688	$-13,157
2022	$88,425	$100,359	$165,073	$-11,934
2021	$65,131	$54,816	$181,182	$10,315
2020	$51,511	$52,408	$175,347	$-897
2019	$89,217	$79,249	$179,864	$9,968
2018	$83,402	$86,685	$173,770	$-3,283

OLEAN POST NO 530 THE AMERICAN LEGION DEPT OF NY