AMERICAN LEGION POST 596

EIN: 370640283 Public & Societal Benefit

RIDGWAY, IL

Total Revenue
$139,153
Total Expenses
$122,703
Total Assets
$102,012
Net Assets
$102,012
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
IL
Principal Officer
TED STONE
Phone
6182728561
Tax Period
2024-01-01 to 2024-12-31

AMERICAN LEGION POST 596, founded in 1955, is a small nonprofit in the Public & Societal Benefit sector that reported $139K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $123K left a modest 12% surplus.

Mission

THE AMERICAN LEGIONS PURPOSE IS TO PROVIDE A PLACE TO HONOR ALL VETERANS PROVIDE A PLACE FOR VETERANS SOCIALIZE WITH OTHER VETERANS AND INDIVIDUALS IN THEIR COMMUNITY. THE LEGION OPERATES A LIMITED RESTAURANT, ACTIVITIES AND A PLACE FOR SOCIALIZATION.

Program Service Accomplishments

Program 1
Expenses: $140

DONATE TO LOCAL ORGANIZATIONS ASSISTING MEMBERS OF THE COMMUNITY

Program 2
Expenses: $140

PROVIDE VARIOUS SERVICES FOR VETERANS - VETERANS DAY CEREMONY AND MEAL, GUN SALUTE AT VETERANS FUNERALS, ETC.

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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 $1,622
Program Service Revenue $0
Investment Income $4
Other Revenue $137,527
TOTAL REVENUE $139,153

Expense Breakdown

Grants Paid $140
Salaries & Benefits $66,997
Fundraising Expenses $0
Program Expenses $280
Other Expenses $54,162
TOTAL EXPENSES $122,703

Year-over-Year Comparison

2024 2023 Change
Revenue $139,153 $124,783 +0.1%
Expenses $122,703 $117,708 +0.0%
Net Income $16,450 $7,075 +1.3%
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

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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
30
Independent Members
30
Employees
6
Volunteers
10

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
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN SHEA COMMANDER 001.00
Officer
$0 $0 $0
DAVID E FROMM OFFICER 001.00
Officer
$0 $0 $0
LOIS BURTON ADJUSTANT 004.00
Officer
$0 $0 $0
TED STONE MANAGER 020.00
Key Emp
$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 $139,153 $122,703 $102,012 $16,450
2023 $124,783 $117,708 $112,521 $7,075
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