AMERICAN LEGION Post 308 Inc

EIN: 350811070

OSCEOLA, IN

Total Revenue
$95,674
Total Expenses
$80,528
Total Assets
$168,444
Net Assets
$168,444
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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
1955
Legal Domicile
IN
Tax Period
2022-08-01 to 2023-07-31

AMERICAN LEGION Post 308 Inc, founded in 1955, is a micro nonprofit that reported $96K in total revenue in fiscal year 2022. The organization ran a surplus of $15K, a strong 16% operating margin.

Mission

Meeting hall for Armed Forces Veterans and their families.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,294
Program Service Revenue $0
Investment Income $0
Other Revenue $89,380
TOTAL REVENUE $95,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,254
Fundraising Expenses $0
Program Expenses $0
Other Expenses $56,274
TOTAL EXPENSES $80,528

Year-over-Year Comparison

2022 2021 Change
Revenue $95,674 $90,813 +0.1%
Expenses $80,528 $84,220 0.0%
Net Income $15,146 $6,593 +1.3%
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

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Governance

Voting Members
9
Independent Members
1
Employees
3
Volunteers
11

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
3
$7,759
Total Directors
0
$0
Key Employees
3
$7,759
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alexander Magyar Commander 30.00
Officer Key Emp
$7,759 $0 $7,759
Marvin Walters 2nd Vice 24.00
Officer Key Emp
$0 $0 $0
Jerry Williams Sgt at Arms 10.00
Officer Key Emp
$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
2023 $95,674 $80,528 $168,444 $15,146
2022 $90,813 $84,220 $153,298 $6,593
2021 $121,682 $72,660 $146,705 $49,022
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