WHEATFIELD AMERICAN LEGION POST 406

EIN: 351515414

WHEATFIELD, IN

Total Revenue
$467,949
Total Expenses
$469,260
Total Assets
$34,197
Net Assets
$34,197
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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
1981
Legal Domicile
IN
Phone
2199564540
Tax Period
2024-07-01 to 2025-06-30

WHEATFIELD AMERICAN LEGION POST 406, founded in 1981, is a small nonprofit that reported $468K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO HONOR & ASSIST MILITARY VETERANS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $463,444
Investment Income $0
Other Revenue $4,505
TOTAL REVENUE $467,949

Expense Breakdown

Grants Paid $0
Salaries & Benefits $61,734
Fundraising Expenses $0
Program Expenses $469,260
Other Expenses $407,526
TOTAL EXPENSES $469,260

Year-over-Year Comparison

2024 2023 Change
Revenue $467,949 $522,861 -0.1%
Expenses $469,260 $523,044 -0.1%
Net Income $-1,311 $-183 +6.2%
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
6
Independent Members
6
Employees
17
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL SOWDER 1ST VICE CMDR 4.00
Officer
$0 $0 $0
JOSEPH M MCDONALD ADJUTANT 4.00
Officer
$0 $0 $0
ARTHUR HELTON COMMANDER 4.00
Officer
$0 $0 $0
MAX PROUTY Jr 2ND VICE 4.00
Officer
$0 $0 $0
SHAWN HOLM-HANSEN FINANCE 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
2025 $467,949 $469,260 $34,197 $-1,311
2024 $522,861 $523,044 $35,508 $-183
2023 $196,414 $252,695 $35,691 $-56,281
2022 $211,914 $127,068 $91,972 $84,846
2021 $192,603 $196,019 $7,126 $-3,416
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