LEGIONNAIRE INSURANCE TRUST (EIN 237336165) - 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

1966

Legal Domicile

Principal Officer

BRAXTON BRIDGERS

Phone

8055669191

Tax Period

2023-01-01 to 2023-12-31

LEGIONNAIRE INSURANCE TRUST, founded in 1966, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 53% operating margin.

Mission

THE LEGIONNAIRE INSURANCE TRUST'S PRIMARY EXEMPT PURPOSE IS TO OFFER PARTICIPATING AMERICAN LEGION MEMBERS THE OPPORTUNITY TO OBTAIN HIGH-QUALITY DEPARTMENT ENDORSED INSURANCE PRODUCTS AT RATES THAT REFLECT THE MASSIVE GROUP BUYING POWER OF THE LEGION DEPARTMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,750,187

Investment Income $35,641

Other Revenue $0

TOTAL REVENUE $3,785,828

Expense Breakdown

Grants Paid $1,596,422

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,776,201

Other Expenses $179,779

TOTAL EXPENSES $1,776,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,785,828	$2,837,936	+0.3%
Expenses	$1,776,201	$3,840,479	-0.5%
Net Income	$2,009,627	$-1,002,543	-3.0%

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

N/A

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
BRAXTON BRIDGERS	CHAIRMAN	2.00	Director	$0	$0	$0
HUGH DAGLEY	VICE CHAIRMAN	2.00	Director	$0	$0	$0
BEN HEADEN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT KRAEMER	DIRECTOR	2.00	Director	$0	$0	$0
BOB RENNER	DIRECTOR	2.00	Director	$0	$0	$0
TERRI CLINTON	DIRECTOR	2.00	Director	$0	$0	$0
FRANK STANCIL	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES BERRY	DIRECTOR	2.00	Director	$0	$0	$0
RIC SANTOS	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
JIMMY HAWK	SECRETARY	2.00	Director	$0	$0	$0
BRUCE COMER	DIRECTOR	2.00	Director	$0	$0	$0
LOUIS BRAULT	DIRECTOR	2.00	Director	$0	$0	$0
SHARON CHERRETTE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN DERNER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
JIMMIE FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
LOWRY FINLEY-JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
GARY WHITE	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA THURSTON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES ABRAHAMSON	DIRECTOR	2.00	Director	$0	$0	$0
RONALD RUNYON	DIRECTOR	2.00	Director	$0	$0	$0
BILL BARBKNECHT	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL FRONABARGER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SALAK	DIRECTOR	2.00	Director	$0	$0	$0
LIONEL MOTTA	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE PERRA	DIRECTOR	2.00	Director	$0	$0	$0
KEN CONNORS	DIRECTOR	2.00	Director	$0	$0	$0
TONY R NAVARRETE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
JAMES HOGAN	DIRECTOR	2.00	Director	$0	$0	$0
CORY BATES	DIRECTOR	2.00	Director	$0	$0	$0
RONALD BRADSTREET	DIRECTOR	2.00	Director	$0	$0	$0
DEAN TUTTLE	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM WEST	DIRECTOR	2.00	Director	$0	$0	$0
GARY WOLKOW	DIRECTOR	2.00	Director	$0	$0	$0
JULIE MUHLE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID STEIN	DIRECTOR	2.00	Director	$0	$0	$0
MARTY CONASTER	DIRECTOR	2.00	Director	$0	$0	$0
BILL FRYE	DIRECTOR	2.00	Director	$0	$0	$0
RUDY BOURG SR	DIRECTOR	2.00	Director	$0	$0	$0
ZESTE DEBRO	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT HAUGH	DIRECTOR	2.00	Director	$0	$0	$0
N WAYNE JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
RONALD MATTHEWS	DIRECTOR	2.00	Director	$0	$0	$0
RUSS MYERS	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
FRANK NICHOLSON	DIRECTOR	2.00	Director	$0	$0	$0
TOM SCANLON	DIRECTOR	2.00	Director	$0	$0	$0
FRANCIS RIDDELL	DIRECTOR	2.00	Director	$0	$0	$0
BOB CLARK	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE ROUNDTREE	DIRECTOR	2.00	Director	$0	$0	$0
JANET WILSON	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE STEVENS	MANAGING DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$3,785,828	$1,776,201	$6,262,084	$2,009,627
2022	$2,837,936	$3,840,479	$4,249,157	$-1,002,543
2021	$1,758,206	$1,907,882	$5,351,183	$-149,676
2020	$1,921,534	$1,998,450	$5,472,897	$-76,916
2019	$2,062,548	$5,210,824	$5,484,835	$-3,148,276
2018	$5,242,421	$1,812,357	$8,626,838	$3,430,064

LEGIONNAIRE INSURANCE TRUST