Gurnee American Legion Post 771 (EIN 362651146) - 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

1946

Legal Domicile

Tax Period

2024-08-01 to 2025-07-31

Gurnee American Legion Post 771, founded in 1946, is a small nonprofit that reported $189K in total revenue in fiscal year 2024. The organization ran a surplus of $71K, a strong 37% operating margin.

Mission

Service to veterans.

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,604

Program Service Revenue $47,335

Investment Income $4,511

Other Revenue $118,096

TOTAL REVENUE $188,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,700

Fundraising Expenses $0

Other Expenses $115,146

TOTAL EXPENSES $117,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,546	$196,798	0.0%
Expenses	$117,846	$98,749	+0.2%
Net Income	$70,700	$98,049	-0.3%

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

N/A

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

$2,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ron Carlson	Finance Officer	10.00	Officer	$600	$0	$600
Tracy Isom	Adjutant	10.00	Officer	$600	$0	$600
Leslie Deffner	Sr. Vice Cmndr	10.00	Officer	$600	$0	$600
Robert Long	Historian	10.00	Officer	$600	$0	$600
William Schultz	Chaplain	10.00	Officer	$300	$0	$300
Stephen Joseph	Jr Vice Cmdr	10.00	Officer	$0	$0	$0
James Walsh	Commander	10.00	Officer	$0	$0	$0
James Huisel	Service Officer	10.00	Officer	$0	$0	$0
William Frangquist	Judge Advocate	10.00	Officer	$0	$0	$0
Mike Castillo	Sgt at Arms	10.00	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	$188,546	$117,846	$317,071	$70,700
2024	$196,798	$98,749	$289,740	$98,049
2023	$147,893	$76,923	$240,382	$70,970
2022	$132,468	$84,605	$209,802	$47,863
2021	$85,152	$81,967	$215,814	$3,185

Gurnee American Legion Post 771