AMERICAN LEGION POST 224

EIN: 370648655

CARMI, IL

Total Revenue
$145,741
Total Expenses
$147,227
Total Assets
$138,645
Net Assets
$137,083
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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
1926
Legal Domicile
IL
Principal Officer
JACK LAMONT
Phone
6183824813
Tax Period
2024-01-01 to 2024-12-31

AMERICAN LEGION POST 224, founded in 1926, is a small nonprofit that reported $146K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

VETERANS SERVICES

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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 $2,890
Program Service Revenue $0
Investment Income $0
Other Revenue $142,851
TOTAL REVENUE $145,741

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,720
Fundraising Expenses $0
Program Expenses $139,538
Other Expenses $84,507
TOTAL EXPENSES $147,227

Year-over-Year Comparison

2024 2023 Change
Revenue $145,741 $176,835 -0.2%
Expenses $147,227 $148,930 0.0%
Net Income $-1,486 $27,905 -1.1%
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
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK LAMONT COMMANDER 0.00
Officer
$0 $0 $0
DENEEN HOSICK SR VICE COMMANDER 0.00
Officer
$0 $0 $0
GENE JORDAN JR VICE COMMANDER 0.00
Officer
$0 $0 $0
DENNIS BRIDGEMAN ADJUTANT/FINANCIAL OFFICER 1.00
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 No data No data No data No data
2024 $145,741 $147,227 $138,645 $-1,486
2023 $176,835 $148,930 $141,065 $27,905
2022 $157,816 $122,677 $113,371 $35,139
2021 $145,172 $112,268 $78,033 $32,904
2020 $87,613 $105,870 $52,727 $-18,257
2019 $119,731 $114,801 $62,392 $4,930
2018 $102,205 $80,425 $57,814 $21,780
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