AMERICAN LEGION POST 0042 (EIN 246024469) - 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

1950

Legal Domicile

Phone

5702656530

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST 0042, founded in 1950, is a small nonprofit that reported $276K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $306K exceeded revenue, resulting in a 11% operating deficit.

Mission

SUPPORT OF VETERANS

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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 $137,112

Program Service Revenue $0

Investment Income $6,123

Other Revenue $132,520

TOTAL REVENUE $275,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $305,629

Other Expenses $305,629

TOTAL EXPENSES $305,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$275,755	$166,672	+0.7%
Expenses	$305,629	$174,043	+0.8%
Net Income	$-29,874	$-7,371	+3.1%

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
TIM FAIRCHILD	FIRST VICE COMMANDER	0.00	Officer Director	$0	$0	$0
VERNON PERRY	COMMANDER	0.00	Officer Director	$0	$0	$0
TERRY LELJEDAL	SECOND VICE COMM	0.00	Officer Director	$0	$0	$0
GERALD E HOWARD JR	FINANCE OFFICER	1.00	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	$275,755	$305,629	$456,766	$-29,874
2023	$166,672	$174,043	$487,705	$-7,371
2022	$141,698	$184,137	$495,041	$-42,439
2021	$147,172	$102,616	$544,450	$44,556
2020	$133,577	$99,282	$897,921	$34,295
2019	$153,282	$117,879	$851,826	$35,403
2018	$142,015	$122,760	$817,190	$19,255

AMERICAN LEGION POST 0042