American Legion George Walton Post #371

EIN: 226168795

Gibbsboro, NJ

Total Revenue
$263,607
Total Expenses
$206,763
Total Assets
$405,317
Net Assets
$405,317
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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
1969
Legal Domicile
NJ
Principal Officer
Martin Seroter
Phone
8567837327
Tax Period
2024-05-01 to 2025-04-30

American Legion George Walton Post #371, founded in 1969, is a small nonprofit that reported $264K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 22% operating margin.

Mission

Veterans concerns

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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 $26,687
Program Service Revenue $0
Investment Income $0
Other Revenue $236,920
TOTAL REVENUE $263,607

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,867
Fundraising Expenses $0
Program Expenses $43,876
Other Expenses $124,468
TOTAL EXPENSES $206,763

Year-over-Year Comparison

2024 2023 Change
Revenue $263,607 $195,765 +0.3%
Expenses $206,763 $175,494 +0.2%
Net Income $56,844 $20,271 +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

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
25

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
10
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN SEROTER COMMANDER 2.00
Officer
$0 $0 $0
RICHARD BUCK 1ST VICE COMMANDER 5.00
Officer
$0 $0 $0
JAMES CAREY 2ND VICE COMMANDER 10.00
Officer
$0 $0 $0
ALLEN COX ADJUTANT 14.00
Officer
$0 $0 $0
TOM FLYNN FINANCE OFFICER 30.00
Officer
$0 $0 $0
GENE OLSON SGT AT ARMS 30.00
Officer
$0 $0 $0
PERRY BASCOU CHAPLIN 10.00
Officer
$0 $0 $0
PAT PAPIA SERVICE OFFICER 10.00
Officer
$0 $0 $0
OPEN JUDGE ADVOCATE 2.00
Officer
$0 $0 $0
GENE WHITTAKER HISTORIAN 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
2025 $263,607 $206,763 $405,317 $56,844
2024 $195,765 $175,494 $348,473 $20,271
2023 $233,917 $178,582 $328,202 $55,335
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