AMERICAN LEGION 0031 KEWANEE

EIN: 362040734

KEWANEE, IL

Total Revenue
$72,367
Total Expenses
$81,637
Total Assets
$514,267
Net Assets
$348,259
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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
1967
Legal Domicile
IL
Principal Officer
JERRY THOMPSON
Phone
3098535508
Tax Period
2024-01-01 to 2024-12-31

AMERICAN LEGION 0031 KEWANEE, founded in 1967, is a micro nonprofit that reported $72K in total revenue in fiscal year 2024. Expenses of $82K exceeded revenue, resulting in a 13% operating deficit.

Mission

ENRICHMENT OF COMMUNITY

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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 $17,706
Program Service Revenue $0
Investment Income $409
Other Revenue $54,252
TOTAL REVENUE $72,367

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,526
Fundraising Expenses $0
Other Expenses $62,111
TOTAL EXPENSES $81,637

Year-over-Year Comparison

2024 2023 Change
Revenue $72,367 $75,584 0.0%
Expenses $81,637 $99,789 -0.2%
Net Income $-9,270 $-24,205 -0.6%
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
10
Independent Members
10
Employees
1
Volunteers
35

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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED CANELLOS COMMANDER 1.00
Director
$0 $0 $0
JERRY THOMPSON FINANCE OFFICER 40.00
Officer
$0 $0 $0
THOMAS SILVIS BUILDING BOARD SUPERVISOR 1.00
Officer
$0 $0 $0
THOMAS SILVIS SECRETARY 1.00
Officer
$0 $0 $0
JERRY THOMPSON ADJUNKTANT MEMBERSHIP 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
2024 $72,367 $81,637 $514,267 $-9,270
2023 $75,584 $99,789 $358,650 $-24,205
2022 $123,252 $142,050 $383,157 $-18,798
2021 $122,120 $119,735 $402,061 $2,385
2020 $106,481 $103,251 $399,006 $3,230
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