American Legion Post 492 (EIN 351602346) - 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

1969

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

American Legion Post 492, founded in 1969, is a small nonprofit that reported $226K in total revenue in fiscal year 2022. Expenses of $214K left a modest 5% surplus.

Mission

To provide an opportunity for veterans and their families to interact with other people with their common background in a social setting.

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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 (2022)

Revenue Breakdown

Contributions & Grants $25,741

Program Service Revenue $133,561

Investment Income $0

Other Revenue $66,533

TOTAL REVENUE $225,835

Expense Breakdown

Grants Paid $5,756

Salaries & Benefits $64,364

Fundraising Expenses $0

Program Expenses $200,117

Other Expenses $128,239

TOTAL EXPENSES $213,625

Year-over-Year Comparison

	2022	2021	Change
Revenue	$225,835	N/A	N/A
Expenses	$213,625	N/A	N/A
Net Income	$12,210	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Closson	Asst Chaplin	0.00	Officer	$0	$0	$0
Greg Wable	1st Vice	0.00	Officer	$0	$0	$0
Kenneth Seamans	Commander	10.00	Officer	$0	$0	$0
Rex Carey	Sgt at Arms	0.00	Officer	$0	$0	$0
Tom Smith	Adjutant	0.00	Officer	$0	$0	$0
Dave McKinney	Chaplin	5.00	Officer	$0	$0	$0
Troy Brown	Financial	10.00	Officer	$0	$0	$0
Robert Landreth	2nd Vice	5.00	Officer	$0	$0	$0
John Gorczyca	Judge Advocate	5.00	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	No data	No data	No data	No data
2023	$225,835	$213,625	$422,491	$12,210
2022	$199,153	$206,398	$428,641	$-7,245
2021	$191,860	$177,638	$434,547	$14,222
2020	$167,493	$178,539	$397,012	$-11,046
2019	$168,454	$191,183	$396,520	$-22,729
2018	$182,440	$205,033	$419,210	$-22,593

American Legion Post 492