AMERICAN LEGION POST 491

EIN: 362134300

McHenry, IL

Total Revenue
$885,304
Total Expenses
$838,175
Total Assets
$398,652
Net Assets
$398,652
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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
1949
Legal Domicile
IL
Tax Period
2023-01-01 to 2023-12-31

AMERICAN LEGION POST 491, founded in 1949, is a small nonprofit that reported $885K in total revenue in fiscal year 2023. Revenue surged 410% from the prior year, signaling strong growth momentum. Expenses of $838K left a modest 5% surplus.

Mission

TO PROVIDE A PLACE FOR FELLOWSHIP FOR VETERANS AND FAMILIES WHO HAVE SERVED IN THE US MILITARY. THE LEGION PROVIDES FUNDS FOR SCHOLARSHIPS, VARIOUS ACTIVITIES FOR CHILDREN AND PURCHASES OF FLAGS FOR OTHER 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,665
Program Service Revenue $0
Investment Income $0
Other Revenue $870,639
TOTAL REVENUE $885,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,705
Fundraising Expenses $0
Program Expenses $838,175
Other Expenses $823,470
TOTAL EXPENSES $838,175

Year-over-Year Comparison

2023 2022 Change
Revenue $885,304 $173,731 +4.1%
Expenses $838,175 $121,381 +5.9%
Net Income $47,129 $52,350 -0.1%
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
N/A
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
10
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY JACOB SERVICE OFFICER 1.00
Officer
$0 $0 $0
JOH CHERONE SGT AT ARMS 1.00
Officer
$0 $0 $0
SCOTT KNOLL HISTORIAN 1.00
Officer
$0 $0 $0
RONNIE REBER CHAPLAIN 1.00
Officer
$0 $0 $0
LEE LEXOW JUDGE ADVOCATE 1.00
Officer
$0 $0 $0
CHAD MILLER SR 1ST VICE COMMANDER 1.00
Officer
$0 $0 $0
JOE KALISEK COMMANDER 1.00
Officer
$0 $0 $0
PHIL SWEENEY JR 2ND VICE COMMANDER 1.00
Officer
$0 $0 $0
WILLIAM SPAKOWSKI FINANCE OFFICER 1.00
Officer
$0 $0 $0
KEVIN ADAMS ADJUTANT 1.00
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 No data No data No data No data
2023 $885,304 $838,175 $398,652 $47,129
2022 $173,731 $121,381 $351,523 $52,350
2021 $239,779 $139,228 $316,894 $100,551
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