AMERICAN LEGION POST 261

EIN: 356076991

CEDAR LAKE, IN

Total Revenue
$189,755
Total Expenses
$203,123
Total Assets
$270,006
Net Assets
$270,006
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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
1958
Legal Domicile
IN
Principal Officer
GARY SENG
Phone
2193749815
Tax Period
2024-01-01 to 2024-12-31

AMERICAN LEGION POST 261, founded in 1958, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

VETERANS ORGANIZATION WITH PROGRAMS AND ACTIVITIES TO HELP AND AID VETERANS AND THE COMMUNITY AT LARGE.

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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 $18,520
Program Service Revenue $0
Investment Income $403
Other Revenue $170,832
TOTAL REVENUE $189,755

Expense Breakdown

Grants Paid $3,821
Salaries & Benefits $93,937
Fundraising Expenses $0
Program Expenses $203,123
Other Expenses $105,365
TOTAL EXPENSES $203,123

Year-over-Year Comparison

2024 2023 Change
Revenue $189,755 $242,776 -0.2%
Expenses $203,123 $216,730 -0.1%
Net Income $-13,368 $26,046 -1.5%
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
240
Independent Members
240
Employees
17
Volunteers
25

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY DELANEY COMMANDER 20.00
Officer
$0 $0 $0
JERROLD SANTEFORT FINANCE OFFICER 20.00
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 $189,755 $203,123 $270,006 $-13,368
2023 $242,776 $216,730 $283,374 $26,046
2022 $233,599 $199,110 $257,328 $34,489
2021 $209,628 $166,760 $222,839 $42,868
2020 $131,128 $124,392 $179,971 $6,736
2019 $110,187 $111,631 $173,235 $-1,444
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