FALLS LEGION HOME ASSOC (EIN 236390771) - 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

1949

Legal Domicile

Principal Officer

CARMINE MAGGIO

Phone

2152959858

Tax Period

2024-01-01 to 2024-12-31

FALLS LEGION HOME ASSOC, founded in 1949, is a small nonprofit that reported $157K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $35K, a strong 23% operating margin.

Mission

VETERANS ORGANIZATION

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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 $3,912

Program Service Revenue $0

Investment Income $81

Other Revenue $152,604

TOTAL REVENUE $156,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,426

Fundraising Expenses $0

Program Expenses $115,106

Other Expenses $70,696

TOTAL EXPENSES $121,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,597	$141,337	+0.1%
Expenses	$121,122	$120,169	+0.0%
Net Income	$35,475	$21,168	+0.7%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
TIM ISLEIB	PRESIDENT	Officer	$0	$0	$0
TONY SPENILLO	TREASURER	Officer	$0	$0	$0
CARMINE MAGGIO	VICE PRESIDENT	Officer	$0	$0	$0
KARL SCHEELE	SECRETARY	Officer	$0	$0	$0
WALTER JERDAN	AT-LARGE	Officer	$0	$0	$0
BILLY RAY JOHNS	AT LARGE	Officer	$0	$0	$0
TOM OBOYLE	AT LARGE	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	$156,597	$121,122	$175,747	$35,475
2023	$141,337	$120,169	$140,576	$21,168
2022	$162,434	$123,460	$119,686	$38,974
2021	$108,370	$88,814	$80,853	$19,556
2020	$56,472	$91,036	$55,380	$-34,564
2019	$147,968	$123,735	$81,908	$24,233
2018	$125,186	$118,162	$57,819	$7,024

FALLS LEGION HOME ASSOC