AMERICAN LEGION POST 598 (EIN 316181501) - 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

1980

Legal Domicile

Principal Officer

GAVIN LONG

Phone

9374339327

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST 598, founded in 1980, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 9% surplus.

Mission

TO SERVE VETERANS AND PROVIDE SUPPORT TO THE LOCAL COMMUNITY.

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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 $198,878

Program Service Revenue $879,038

Investment Income $17,652

Other Revenue $448,882

TOTAL REVENUE $1,544,450

Expense Breakdown

Grants Paid $79,638

Salaries & Benefits $229,108

Fundraising Expenses $0

Program Expenses $1,304,547

Other Expenses $1,099,502

TOTAL EXPENSES $1,408,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,544,450	$1,388,039	+0.1%
Expenses	$1,408,248	$1,255,621	+0.1%
Net Income	$136,202	$132,418	+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

$27,300

Total Directors

$27,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH LAW	1ST VICE	25.00	Officer Director	$0	$0	$0
BETSY LAW	ADJUTANT	10.00	Officer Director	$5,200	$0	$5,200
EDWARD SYRON	FINANCE	25.00	Officer Director	$9,100	$0	$9,100
GAVIN LONG	COMMANDER	10.00	Officer Director	$7,800	$0	$7,800
PHILIP STEPHENSON	2ND VICE	25.00	Officer Director	$5,200	$0	$5,200

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	$1,544,450	$1,408,248	$2,525,877	$136,202
2023	$1,387,939	$1,255,621	$2,388,570	$132,318
2022	$1,085,158	$1,115,083	$2,256,850	$-29,925
2021	$954,631	$890,180	$2,193,950	$64,451
2021	$1,015,019	$890,180	$2,304,714	$124,839
2020	$514,707	$664,064	$2,130,560	$-149,357
2020	$565,086	$664,064	$2,180,939	$-98,978
2019	$815,497	$792,756	$2,280,328	$22,741
2018	$837,104	$850,989	$2,259,304	$-13,885

AMERICAN LEGION POST 598