American Legion COL Billie J Holmes Memorial Post 331 (EIN 351182818) - 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

1970

Legal Domicile

Principal Officer

Richard Holmes

Phone

3178523200

Tax Period

2024-01-01 to 2024-12-31

American Legion COL Billie J Holmes Memorial Post 331, founded in 1970, is a small nonprofit that reported $551K in total revenue in fiscal year 2024. Expenses of $500K left a modest 9% surplus.

Mission

To provide a social environment for past and present military members and their families. To provide financial support to military as well as civilian individuals, local schools, and other non-profit organizations.

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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 $44,584

Program Service Revenue $0

Investment Income $6,846

Other Revenue $499,946

TOTAL REVENUE $551,376

Expense Breakdown

Grants Paid $56,000

Salaries & Benefits $148,308

Fundraising Expenses $4,675

Other Expenses $295,955

TOTAL EXPENSES $500,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$551,376	$576,264	0.0%
Expenses	$500,263	$484,058	+0.0%
Net Income	$51,113	$92,206	-0.4%

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

300

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
William Posey	Trustee	10.00	Officer Director	$0	$0	$0
Shelby R Hobbs	Commander	20.00	Officer	$0	$0	$0
Angel Faulkner	1st Vice	10.00	Officer	$0	$0	$0
Glenn Nulty	2nd Vice	4.00	Officer	$0	$0	$0
Richard Holmes	Finance Officer	20.00	Officer	$0	$0	$0
Kevin Passwater	Historian	4.00	Officer	$0	$0	$0
Robert Taylor	Sgt in Arms	10.00	Officer	$0	$0	$0
Danny Nelson	Chaplain	20.00	Officer	$0	$0	$0
Bruce Curry	Service Officer	4.00	Officer	$0	$0	$0
Richard Culp	Adjutant	20.00	Officer	$0	$0	$0
Gene Hostetter	Judge Advocate	20.00	Officer	$0	$0	$0
Dave Galloway	Past Commander	4.00	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
2024	$551,376	$500,263	$1,143,079	$51,113
2023	$576,264	$484,058	$1,091,639	$92,206
2022	$554,253	$475,468	$999,499	$78,785
2021	$505,484	$415,276	$918,274	$90,208
2020	$180,784	$205,943	$847,650	$-25,159
2019	$389,060	$386,994	$878,923	$2,066
2018	$620,392	$461,556	$1,171,531	$158,836

American Legion COL Billie J Holmes Memorial Post 331