AMERICAN LEGION POST 601 MADISON MEMORIAL (EIN 346607429) - 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

1983

Legal Domicile

Principal Officer

TERRY BANCROFT

Phone

4404286936

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST 601 MADISON MEMORIAL, founded in 1983, is a small nonprofit that reported $394K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 30% operating margin.

Mission

Veterans organization for fellowship

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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 $15,456

Program Service Revenue $0

Investment Income $0

Other Revenue $378,170

TOTAL REVENUE $393,626

Expense Breakdown

Grants Paid $167,125

Salaries & Benefits $31,096

Fundraising Expenses $0

Program Expenses $552,938

Other Expenses $69,748

TOTAL EXPENSES $276,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,626	$204,465	+0.9%
Expenses	$276,469	$139,129	+1.0%
Net Income	$117,157	$65,336	+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

N/A

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
BILL JOHNSTON	COMMANDER	5	Officer	$0	$0	$0
TOM WARD	SECOND VICE	2	Officer	$0	$0	$0
JIM SPRAGG	FIRST VICE	2	Officer	$0	$0	$0
TERRY BANCROFT	FINANCE OFFICER	14	Officer	$0	$0	$0
GARY MAJERNIK	TRUSTEE	2	Officer	$0	$0	$0
JIM SPRAGG	CHAPLIN	4	Officer	$0	$0	$0
MARK SMITLEY	TRUSTEE	2	Officer	$0	$0	$0
CHRIS LEE	TRUSTEE	2	Officer	$0	$0	$0
A BUCHEN	SGT OF ARMS	2	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	$393,626	$276,469	$337,675	$117,157
2023	$204,465	$139,129	$220,518	$65,336
2021	$38,681	$48,521	$112,163	$-9,840
2020	$30,207	$48,988	$122,003	$-18,781
2019	$62,529	$64,791	$140,284	$-2,262

AMERICAN LEGION POST 601 MADISON MEMORIAL