CHERRY HILL POST 372 THE AMERICAN … - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

JOSEPH MERIMONDE

Phone

8566653889

Tax Period

2024-01-01 to 2024-12-31

CHERRY HILL POST 372 THE AMERICAN LEGION DEPARTMENT OF NEW JERSEY, founded in 1965, is a small nonprofit in the Public & Societal Benefit sector that reported $228K in total revenue in fiscal year 2024. The organization ran a surplus of $36K, a strong 16% operating margin.

Mission

TO SERVE THE NEEDS OF VETERANS AND THEIR FAMILIES, TO SUPPORT OTHER VETERANS ORGANIZATIONS, AND TO PROMOTE SOCIAL WELFARE OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $144,584

SUPPORT TO VETERANS AND THEIR FAMILIES, SUPPORT TO OTHER VETERANS ORGANIZATIONS, AND SUPPORT TO COMMUNITY ORGANIZATIONS.

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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 $27,815

Program Service Revenue $0

Investment Income $6,175

Other Revenue $193,738

TOTAL REVENUE $227,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,412

Fundraising Expenses $0

Program Expenses $175,525

Other Expenses $158,508

TOTAL EXPENSES $191,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,728	$234,612	0.0%
Expenses	$191,920	$206,746	-0.1%
Net Income	$35,808	$27,866	+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

Independent Members

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
TIM KRAFT	TRUSTEE	1.00	Director	$0	$0	$0
FRED PEDERSON	FINANCE OFFI	1.00	Officer	$0	$0	$0
JOSEPH MERIMONDE	COMMANDER	1.00	Officer	$0	$0	$0
SUSANNE SHEPHERD	POST CHAPLIN	1.00	Officer	$0	$0	$0
BOB MACQUEEN	SERGEANT AT	1.00	Officer	$0	$0	$0
JOHN WALSH	JR VICE COMM	1.00	Officer	$0	$0	$0
PAUL POLLARD	SERVICE OFFI	1.00	Officer	$0	$0	$0
JOHN DINAPOLI	TRUSTEE	1.00	Director	$0	$0	$0
KEITH NOCHO	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE KELLY	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL O'PELLA	SR VICE COMM	1.00	Officer	$0	$0	$0
BILL QUINN	TRUSTEE	1.00	Director	$0	$0	$0
DAN SERABO	TRUSTEE	1.00	Director	$0	$0	$0
TOM PARKHILL	TRUSTEE	1.00	Director	$0	$0	$0
LLEW SCHEXNAYDER	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	$227,728	$191,920	$278,857	$35,808
2023	$234,612	$206,746	$237,399	$27,866
2022	$203,707	$160,452	$209,533	$43,255
2021	$181,984	$138,225	$166,278	$43,759
2020	$103,607	$117,760	$122,519	$-14,153
2019	$137,244	$127,590	$136,672	$9,654
2018	$137,900	$138,051	$127,018	$-151

CHERRY HILL POST 372 THE AMERICAN LEGION DEPARTMENT OF NEW JERSEY