American Legion Post 0974 Frnkln Pk

EIN: 362429209

Franklin Park, IL

Total Revenue
$63,784
Total Expenses
$75,750
Total Assets
$268,846
Net Assets
$268,846
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
IL
Principal Officer
MILDRED GORT
Phone
8476787474
Tax Period
2024-10-01 to 2025-09-30

American Legion Post 0974 Frnkln Pk, founded in 1946, is a micro nonprofit that reported $64K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $76K exceeded revenue, resulting in a 19% operating deficit.

Mission

ASSIST WITH THE REHABILITATION OF U.S. VETERANS & THE CARE OF THEIR DEPENDENT, ASSIST NEEDY FAMILIES, PROMOTE EDUCATION, AND REACH OUT TO THE COMMUNITY BY DONATING FUNDS & USE OF FACILITIES FOR CHARITABLE PURPOSE

Program Service Accomplishments

Program 1
Expenses: $5,990

ASSISTANCE TO V.A HOSPITAL PATIENTS AND TO LOCAL VETERANS AND THEIR FAMILIES IN NEED.

Program 2
Expenses: $2,744

CHILDREN & YOUTH ACTIVITIES. SPONSORED BOYS & GIRLS SPORTS TEAMS IN PARK DISTRICTS LEAGUES. GRANTED AMERICAN LEGION SCHOOL AWARDS TO ENCOURAGE EDUCATION.

Program 3
Expenses: $518

LOCAL COMMUNITY SERVICE ASSISTANCE. MADE VARIOUS DONATION TO OTHER CHARITABLE 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 (2024)

Revenue Breakdown

Contributions & Grants $26,132
Program Service Revenue $8,837
Investment Income $6
Other Revenue $28,809
TOTAL REVENUE $63,784

Expense Breakdown

Grants Paid $9,252
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,252
Other Expenses $66,498
TOTAL EXPENSES $75,750

Year-over-Year Comparison

2024 2023 Change
Revenue $63,784 $54,429 +0.2%
Expenses $75,750 $56,182 +0.3%
Net Income $-11,966 $-1,753 +5.8%
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
8
Independent Members
7
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kendall Bishop Director 3.00
Director
$0 $0 $0
MILDRED GORT President 3.00
Officer Director
$0 $0 $0
DONALD HORN Director 3.00
Director
$0 $0 $0
WILLIAM MCMURRAY Treasurer 5.00
Officer Director
$0 $0 $0
EUGENE PILTAVER Director 3.00
Director
$0 $0 $0
ANTHONY SICILIANO Director 3.00
Director
$0 $0 $0
TOM ZITO Director 3.00
Director
$0 $0 $0
Gene Korus Director 3.00
Director
$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 $63,784 $75,750 $268,846 $-11,966
2024 $54,429 $56,182 $280,812 $-1,753
2023 $22,845 $38,519 $282,565 $-15,674
2022 $34,575 $331,877 $298,239 $-297,302
2021 $29,020 $25,148 $595,541 $3,872
2020 $26,804 $31,615 $591,669 $-4,811
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