GARFIELD MEMORIAL POST 566 AMERICAN LEGION (EIN 340715875) - 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

1948

Legal Domicile

Principal Officer

KEVIN JOHNSON

Phone

3306445810

Tax Period

2024-01-01 to 2024-12-31

GARFIELD MEMORIAL POST 566 AMERICAN LEGION, founded in 1948, is a small nonprofit that reported $414K in total revenue in fiscal year 2024. Revenue surged 182% from the prior year, signaling strong growth momentum. Expenses of $402K left a modest 3% surplus.

Mission

TO PROMOTE THE FRATERNAL, BENEVOLENT AND PATRIOTIC ACTIVITIES OF THE AMERICAN LEGION, TO SUPPORT COMMUNITY AND YOUTH THROUGH CHARITABLE ACTIVITIES AND TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR AMERICAN LEGION MEMBERS. THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO FUNCTION AS A 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 $5,000

Program Service Revenue $120,706

Investment Income $1,072

Other Revenue $287,265

TOTAL REVENUE $414,043

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $77,586

Fundraising Expenses $0

Other Expenses $309,265

TOTAL EXPENSES $401,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$414,043	$147,025	+1.8%
Expenses	$401,584	$67,192	+5.0%
Net Income	$12,459	$79,833	-0.8%

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

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
EARL DAVID HAWKINS	TRUSTEE	20.00	Director	$0	$0	$0
JOHN HEISER	HISTORIAN	20.00	Director	$0	$0	$0
RUSSEL CHAPMAN	COMMANDER	20.00		$0	$0	$0
ROBERT CARSON	ADJUTANT	20.00		$0	$0	$0
MICHAEL LOVE	FINANCE OFFICER	20.00		$0	$0	$0
JIM CULLISON	SGTARMS	20.00		$0	$0	$0
JOHN HOLOWENKO	1ST VICE	20.00		$0	$0	$0
CHARLIE DEWORTH	2ND VICE	20.00		$0	$0	$0
DAVID DOWLING	JUDGE ADVOCATE	20.00		$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	$414,043	$401,584	$352,366	$12,459
2023	$147,025	$67,192	$354,206	$79,833
2022	$102,756	$57,062	$273,607	$45,694
2021	$43,051	$47,026	$227,828	$-3,975
2020	$35,050	$46,284	$232,086	$-11,234

GARFIELD MEMORIAL POST 566 AMERICAN LEGION