AMERICAN LEGION POST 342 (EIN 364277596) - 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

Principal Officer

JOSEPH MORGAN

Phone

6306212704

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST 342, founded in 1946, is a micro nonprofit that reported $42K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $62K exceeded revenue, resulting in a 48% operating deficit.

Mission

CONDUCT THE BUSINESS OF AN AMERICAN LEGION POST

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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 $56,801

Program Service Revenue $0

Investment Income $-14,829

Other Revenue $0

TOTAL REVENUE $41,972

Expense Breakdown

Grants Paid $4,073

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $58,131

TOTAL EXPENSES $62,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,972	$151,359	-0.7%
Expenses	$62,204	$67,365	-0.1%
Net Income	$-20,232	$83,994	-1.2%

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

233

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH P MORGAN	COMMANDER	1.00	Director	$0	$0	$0
ANDREW BALAFAS	SR VICE COMMDR	1.00	Director	$0	$0	$0
THOMAS BAXTER	FINANCE OFFICER	1.00	Director	$0	$0	$0
JOHN WESTPHALL	JR VICE COMMDR	1.00	Director	$0	$0	$0
JOSEPH P MORGAN	ADJUTANT	1.00	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
2024	$41,972	$62,204	$782,844	$-20,232
2022	$783,301	$105,698	$719,082	$677,603

AMERICAN LEGION POST 342