AMERICAN LEGION 778 (EIN 256093489) - 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

1945

Phone

7242873022

Tax Period

2023-01-01 to 2023-12-31

AMERICAN LEGION 778, founded in 1945, is a small nonprofit that reported $567K in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $535K left a modest 6% surplus.

Mission

TO FOLLOW OUR CORE PRINCIPLE WITH CONTINUED SERVICE TO OUR NATION, BY ACTIVELY SUPPORTING OUR DESERVING MILITARY VETERANS, OUR HOMETOWN GUARD & RESERVE FAMILIES, OUR IMPORTANT YOUTH PROGRAMS AND OUR CARING COMMUNITY ORGANIZATIONS, BY WAY OF DIRECT FINANCIAL DONATIONS.

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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 $0

Investment Income $174

Other Revenue $566,480

TOTAL REVENUE $566,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,963

Fundraising Expenses $0

Program Expenses $379,369

Other Expenses $310,087

TOTAL EXPENSES $535,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$566,654	$273,706	+1.1%
Expenses	$535,050	$241,780	+1.2%
Net Income	$31,604	$31,926	0.0%

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

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

$15,985

Total Directors

$18,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MCNUTT	President	40.00	Officer Director	$10,033	$0	$10,033
JOSEPH HASYCHAK	Treasurer	40.00	Officer Director	$5,952	$0	$5,952
MICHAEL WALDRON	Director	2.00	Director	$2,440	$0	$2,440
LEROY BUNYAN	Vice President	10.00	Director	$0	$0	$0
DAVE SMITH	Director	2.00	Officer Director	$0	$0	$0
CHUCK MCCALL	Director	2.00	Director	$0	$0	$0
ARCHIE CAROSI	Director	20.00	Director	$0	$0	$0
LARRY LIGAS	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	$566,654	$535,050	$1,191,891	$31,604
2022	$273,706	$241,780	$1,288,895	$31,926
2021	$200,098	$230,986	$1,252,220	$-30,888
2020	$196,118	$235,925	$1,276,535	$-39,807
2019	$264,899	$279,005	$1,315,866	$-14,106
2018	$290,418	$230,364	$1,322,865	$60,054

AMERICAN LEGION 778