AMERICAN LEGION POST 7 (EIN 350144165) - 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

1923

Legal Domicile

Principal Officer

JACOB D CORMANY JR

Phone

2603568226

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST 7, founded in 1923, is a small nonprofit that reported $219K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $200K left a modest 9% surplus.

Mission

FELLOWSHIP SERVICES FOR MEMBERS.

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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 $590

Program Service Revenue $0

Investment Income $622

Other Revenue $218,018

TOTAL REVENUE $219,230

Expense Breakdown

Grants Paid $26,158

Salaries & Benefits $86,191

Fundraising Expenses $0

Program Expenses $196,102

Other Expenses $87,243

TOTAL EXPENSES $199,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,230	$188,816	+0.2%
Expenses	$199,592	$182,842	+0.1%
Net Income	$19,638	$5,974	+2.3%

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

$20,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK HASKETT	FORMER FIN O	1.00	Officer	$20,800	$0	$20,800
JOE BEAMER	VICE COMMAND	1.00	Officer	$0	$0	$0
STEVE GARWOOD	COMMANDER	1.00	Officer	$0	$0	$0
JACOB D CORMANY JR	FINANCE OFFI	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
2025	No data	No data	No data	No data
2024	$219,230	$199,592	$288,881	$19,638
2023	$188,816	$182,842	$268,872	$5,974
2022	$186,376	$194,296	$262,515	$-7,920
2021	$247,373	$174,322	$271,226	$73,051
2020	$105,462	$111,981	$195,948	$-6,519
2019	$174,334	$198,764	$206,759	$-24,430
2018	$171,034	$166,184	$234,917	$4,850

AMERICAN LEGION POST 7