HERKIMER AMERICAN LEGION POST 38 (EIN 222520159) - 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

1922

Legal Domicile

Principal Officer

HOWARD CULVER

Phone

3158665434

Tax Period

2018-01-01 to 2018-12-31

HERKIMER AMERICAN LEGION POST 38, founded in 1922, is a micro nonprofit that reported $85K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year. Expenses of $134K exceeded revenue, resulting in a 58% operating deficit.

Mission

SUPPORT OF AMERICAN VETERANS BY PROVIDING A PLACE WHERE VETERANS AND THEIR FAMILIES GATHER FOR MUTUAL SUPPORT AND TO PROVIDE AND SUPPORT PROGRAMS THAT BENEFIT VETERANS AND THEIR COMMUNITY

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,417

Program Service Revenue $0

Investment Income $18

Other Revenue $82,375

TOTAL REVENUE $84,810

Expense Breakdown

Grants Paid $2,504

Salaries & Benefits $63,407

Fundraising Expenses $0

Other Expenses $67,939

TOTAL EXPENSES $133,850

Year-over-Year Comparison

	2018	2017	Change
Revenue	$84,810	$99,934	-0.2%
Expenses	$133,850	$113,498	+0.2%
Net Income	$-49,040	$-13,564	+2.6%

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

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

$17,711

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD CULVER	COMMANDER	10.00	Officer	$14,726	$0	$14,726
DAVID CULVER	SECOND VICE COMMANDER	5.00	Officer	$2,985	$0	$2,985
JON COLLARD	FIRST VICE COMMANDER	2.00	Officer	$0	$0	$0
RICHARD FIKES	TREASURER	2.00	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
2018	$84,810	$133,850	$71,887	$-49,040

HERKIMER AMERICAN LEGION POST 38