AMERICAN LEGION POST 507 (EIN 230344116) - 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

2011

Legal Domicile

Phone

6105329644

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST 507, founded in 2011, is a small nonprofit that reported $126K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $110K left a modest 12% surplus.

Mission

SINCE 1924, THE PRIMARY ACTIVITY OF THE POST IS ADVOCATING FOR VERTERANS RIGHTS AND ASSISTANCE OF VETERANS AND THEIR FAMILIES. ALL MEMBERS SHARE COMMON INTERESTS THAT ARE FURTHERED THROUGH OUR SOCIAL ACTIVITIES.

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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 $6,149

Program Service Revenue $0

Investment Income $7,701

Other Revenue $111,721

TOTAL REVENUE $125,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,294

Fundraising Expenses $0

Program Expenses $110,377

Other Expenses $73,083

TOTAL EXPENSES $110,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,571	$92,791	+0.4%
Expenses	$110,377	$89,148	+0.2%
Net Income	$15,194	$3,643	+3.2%

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

$17,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT FRIES	HOUSE CHAIRMAN	25.00	Officer	$9,250	$0	$9,250
JOSEPH TERRANOVA	FINANCIAL OFFICER	25.00	Officer	$7,177	$0	$7,177
FRANK DI ILLIO	POST ADJUTANT	25.00	Officer	$1,500	$0	$1,500
MIKE HITTINGER	SERVICE OFFICER	0.00	Officer	$0	$0	$0
JOE MINCH	COMMANDER	0.00	Officer	$0	$0	$0
GARY QUINN	SR VICE COMMANDER	0.00	Officer	$0	$0	$0
SEBERT TONEY	JR VICE COMMANDER	0.00	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	$125,571	$110,377	$345,941	$15,194
2023	$92,791	$89,148	$330,033	$3,643
2022	$93,097	$79,374	$326,606	$13,723
2021	$59,053	$55,817	$311,264	$3,236
2020	$74,170	$67,407	$308,028	$6,763
2019	$122,385	$91,597	$232,166	$30,788
2018	$104,801	$97,956	$184,573	$6,845

AMERICAN LEGION POST 507