Brick Township Memorial Post Number 348 of the American Legion Inc

EIN: 226173911

Brick, NJ

Total Revenue
$280,759
Total Expenses
$269,563
Total Assets
$862,848
Net Assets
$831,700
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NJ
Principal Officer
KEN CARLSON
Phone
7324771915
Tax Period
2023-06-01 to 2024-05-31

Brick Township Memorial Post Number 348 of the American Legion Inc, founded in 1954, is a small nonprofit that reported $281K in total revenue in fiscal year 2023. Expenses of $270K left a modest 4% surplus.

Mission

A VETERAN'S ORGANIZATION OF PAST AND PRESENT MEMBERS OF THE ARMED FORCES OF THE UNITED STATES OF AMERICA ORGANIZED TO SUPPORT THOSE MEMBERS, THEIR FAMILIES, AND THE LOCAL COMMUNITY SOCIALLY AND FINANCIALLY.

Program Service Accomplishments

Program 1

CANTEEN PROCEEDS TO DEFRAY OPERATING COSTS AND PROVIDE FUNDS FOR VETERANS AND THE COMMUNITY. THE CANTEEN ALSO PROVIDES A SOCIAL NETWORK FOR VETERANS.

Program 2

GAMES OF CHANCE (PULL TABS) PROVIDE ADDITIONAL REVENUES TO DEFRAY COSTS, PROVIDE ENTERTAINEMENT FOR MEMBERS, AND RAISE FUNDS FOR COMMUNITY AND VETERANS PROGRAMS.

Program 3

MARINA BOAT SLIPS FOR MEMBERS TO PROVIDE ADDITIONAL REVENUE TO DEFRAY COSTS AND PROVIDE FUNDS FOR COMMUNITY AND VETERANS PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $37,433
Program Service Revenue $36,150
Investment Income $20
Other Revenue $207,156
TOTAL REVENUE $280,759

Expense Breakdown

Grants Paid $83,105
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $186,458
TOTAL EXPENSES $269,563

Year-over-Year Comparison

2023 2022 Change
Revenue $280,759 $265,992 +0.1%
Expenses $269,563 $289,442 -0.1%
Net Income $11,196 $-23,450 -1.5%
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
20
Independent Members
18
Employees
N/A
Volunteers
18

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
14
$38,160
Total Directors
20
$38,160
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE BEVACQUA BAR CHAIRMAN 5.0
Officer Director
$0 $21,200 $21,200
KEN CARLSON FINANCE OFFICER 5.0
Officer Director
$0 $10,600 $10,600
KERRI LONG COMMANDER 5.0
Officer Director
$0 $2,400 $2,400
DOUG PAQUETTE HALL CHAIRMAN 5.0
Officer Director
$0 $960 $960
KEN KOCSZON BOAT CHAIRMAN 5.0
Officer Director
$0 $600 $600
BOB HORN 1ST VICE COMMANDER 5.0
Officer Director
$0 $600 $600
ED SLOWINSKI 2ND VICE COMMANDER 5.0
Officer Director
$0 $600 $600
DOUG PAQUETTE 3RD VICE COMMANDER 5.0
Officer Director
$0 $600 $600
ROB OLSEN BOAT CHAIRMAN 5.0
Officer Director
$0 $600 $600
BRUCE MILLER TRUSTEE 1.0
Director
$0 $0 $0
BOB HANDLER TRUSTEE 1.0
Director
$0 $0 $0
DICK VAN ARSDALE TRUSTEE 1.0
Director
$0 $0 $0
BOB COLUCCI TRUSTEE 1.0
Director
$0 $0 $0
JOE BRESLIN TRUSTEE 1.0
Director
$0 $0 $0
JON LACHMANN ADJUTANT 1.0
Director
$0 $0 $0
DOUG CHASE CHAPLAIN 5.0
Officer Director
$0 $0 $0
STEVE STRAUTMANIS SGT AT ARMS 5.0
Officer Director
$0 $0 $0
GERRY GARRIS HISTORIAN 5.0
Officer Director
$0 $0 $0
CHARLIE PAWELAK SERVICE OFFICER 5.0
Officer Director
$0 $0 $0
MICHAEL SCHAFFER JUDGE ADVOCATE 5.0
Officer 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
2024 $280,759 $269,563 $862,848 $11,196
2023 $265,992 $289,442 $876,738 $-23,450
2022 $259,160 $258,484 $972,909 $676
2021 $418,921 $452,503 $871,478 $-33,582
2020 $466,141 $522,937 $857,657 $-56,796
2019 $533,694 $565,770 $929,417 $-32,076
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