Robert E Kennington Post No 34 American Legion Post 34

EIN: 350437574

Indianapolis, IN

Total Revenue
$157,098
Total Expenses
$154,701
Total Assets
$462,974
Net Assets
$456,450
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Principal Officer
Kerry Turney
Phone
3172598311
Tax Period
2019-06-01 to 2020-05-31

Robert E Kennington Post No 34 American Legion Post 34, founded in 1946, is a small nonprofit that reported $157K in total revenue in fiscal year 2019. Revenue decreased 7% compared to the prior year. Net assets of $456K represent 35 months of operating reserves.

Mission

Veteran's organization organized primarily for social and fraternal activities for members and their guests. The goals and achievements are consistent with all American Legions throughout the nation--to promote the well-being and betterment of veterans of all wars.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $26,949
Program Service Revenue $0
Investment Income $72,518
Other Revenue $57,631
TOTAL REVENUE $157,098

Expense Breakdown

Grants Paid $8,501
Salaries & Benefits $19,781
Fundraising Expenses $0
Program Expenses $118,082
Other Expenses $126,419
TOTAL EXPENSES $154,701

Year-over-Year Comparison

2019 2018 Change
Revenue $157,098 $169,148 -0.1%
Expenses $154,701 $183,175 -0.2%
Net Income $2,397 $-14,027 -1.2%
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

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Governance

Voting Members
439
Independent Members
439
Employees
10
Volunteers
6

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
6
$265
Total Directors
6
$265
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kerry L Turney Commander 20.00
Officer Director
$265 $0 $265
John Schlagenhauf 1st Vice 15.00
Officer Director
$0 $0 $0
Jeff Piper 2nd Vice 30.00
Officer Director
$0 $0 $0
Russell K Johnson Finance Officer 30.00
Officer Director
$0 $0 $0
Steve Wilson Service Officer 45.00
Officer Director
$0 $0 $0
Dave McMasters Board Member 2.00
Officer 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
2020 $157,098 $154,701 $462,974 $2,397
2019 $169,148 $183,175 $508,777 $-14,027
2018 $59,261 $185,642 $632,070 $-126,381
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