AMERICAN LEGION 556 (EIN 160743551) - 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

1949

Legal Domicile

Principal Officer

RON WAID

Phone

7165693321

Tax Period

2022-07-01 to 2023-06-30

AMERICAN LEGION 556, founded in 1949, is a small nonprofit that reported $423K in total revenue in fiscal year 2022.

Mission

BENEVOLENT ORGANIZATION FOR THE BENEFIT OF VETERANS AND THEIR FAMILIES INTENDED FOR RECREATION AND FUND RAISING

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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 $6,719

Program Service Revenue $0

Investment Income $16

Other Revenue $416,679

TOTAL REVENUE $423,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,024

Fundraising Expenses $0

Program Expenses $345,977

Other Expenses $165,996

TOTAL EXPENSES $436,563

Year-over-Year Comparison

	2022	2021	Change
Revenue	$423,414	$435,856	0.0%
Expenses	$436,563	$440,498	0.0%
Net Income	$-13,149	$-4,642	+1.8%

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

N/A

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
RONALD WAID	PRESIDENT	020.00	Officer Director	$0	$0	$0
STEVEN NELSON	VICE PRESIDENT	010.00	Officer Director	$0	$0	$0
STEVEN PETERSON	SECRETARY	020.00	Officer Director	$0	$0	$0
PERRY WENTZEL	TREASURER	010.00	Officer Director	$0	$0	$0
PAUL WINDALL	TRUSTEE	010.00	Director	$0	$0	$0
EDWARD JOHNSON	TRUSTEE	010.00	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
2023	$423,414	$436,563	$817,497	$-13,149
2022	$435,856	$440,498	$705,633	$-4,642
2021	$382,866	$392,723	$731,961	$-9,857
2020	$402,458	$389,868	$686,387	$12,590
2019	$470,907	$444,021	$625,161	$26,886
2018	$393,416	$384,016	$617,857	$9,400

AMERICAN LEGION 556