AMERICAN LEGION POST 1080

EIN: 366207156

JOLIET, IL

Total Revenue
$245,366
Total Expenses
$225,085
Total Assets
$772,412
Net Assets
$623,991
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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
1947
Legal Domicile
IL
Principal Officer
THOMAS HORN
Phone
8157292254
Tax Period
2024-01-01 to 2024-12-31

AMERICAN LEGION POST 1080, founded in 1947, is a small nonprofit that reported $245K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $225K left a modest 8% surplus.

Mission

TO PROVIDE SOCIAL ACTIVITIES INCLUDING FOOD AND BEVERAGE FOR WAR 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $182,750
Program Service Revenue $0
Investment Income $6,173
Other Revenue $56,443
TOTAL REVENUE $245,366

Expense Breakdown

Grants Paid $6,110
Salaries & Benefits $76,283
Fundraising Expenses $0
Other Expenses $142,692
TOTAL EXPENSES $225,085

Year-over-Year Comparison

2024 2023 Change
Revenue $245,366 $201,342 +0.2%
Expenses $225,085 $190,876 +0.2%
Net Income $20,281 $10,466 +0.9%
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
3
Independent Members
3
Employees
14
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS HORN COMMANDER 15.00
Officer Director
$0 $0 $0
GEORGE MADDEN ADJUTANT 10.00
Officer Director
$0 $0 $0
GARY STIEG FINANCE OFFICER 10.00
Officer 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 No data No data No data No data
2024 $245,366 $225,085 $772,412 $20,281
2023 $201,342 $190,876 $729,260 $10,466
2022 $219,696 $184,061 $695,306 $35,635
2021 $228,304 $165,874 $717,233 $62,430
2020 $195,508 $305,220 $661,177 $-109,712
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