HOME ASSOCIATION DEXTER POST 557 OF THE AMERICAN LEGION INC

EIN: 381325212 Public & Societal Benefit

DEXTER, MI

Total Revenue
$180,179
Total Expenses
$167,098
Total Assets
$66,266
Net Assets
$66,266
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
MI
Principal Officer
ERIC BRIGGS
Phone
7344264511
Tax Period
2024-07-01 to 2025-06-30

HOME ASSOCIATION DEXTER POST 557 OF THE AMERICAN LEGION INC, founded in 1946, is a small nonprofit in the Public & Societal Benefit sector that reported $180K in total revenue in fiscal year 2024. Expenses of $167K left a modest 7% surplus.

Mission

THE AMERICAN LEGION HOME ASSOCIATION IS THE BUSINESS ENTITY OF AMERICAN LEGION POST 557. THE HOME ASSOCIATION WAS ESTABLISHED TO (1) MAINTAIN AND OPERATE THE AMERICAN LEGION FACILITY AND GROUNDS AND (2) GENERATE REVENUE TO SUPPORT THE VETERANS AND COMMUNITY PROGRAMS FOR WHICH THE AMERICAN LEGION POST 557 IS ACTIVE IN. ACTIVITIES AND OPERATIONS INCLUDE: 1) BAR OPERATIONS (40%) A. INVOLVES HANDLING AND SERVING OF ALCOHOLIC AND NON-ALCOHOLIC DRINKS, FOOD SERVICE, AND CUSTOMER SATISFACTION. ALSO INCLUDES INVENTORY MONITORING, PROCUREMENT OF DRINKS AND FOOD, BARTENDER HIRING AND MANAGEMENT, DAILY CASH REGISTER CHECKOUT AND RECONCILIATION WITH SALES RECEIPTS, AND CLEANING OF THE BAR AREA. PROVIDES REVENUES TO SUPPORT BUILDING MAINTENANCE AND REPAIR AND AMERICAN LEGION CHARITABLE OPERATIONS B. ACTIVITY WAS INITIATED IN 1949 C. THE ACTIVITY WILL BE CONDUCTED AT AMERICAN LEGION POST 557 AND IS DIRECTED BY THE HOME ASSOCIATION BOARD OF DIRECTORS. 2) CHARITABLE EVENTS ACTIVITIES (30%) A. ACTIVITY

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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 $21,184
Program Service Revenue $145,882
Investment Income $0
Other Revenue $13,113
TOTAL REVENUE $180,179

Expense Breakdown

Grants Paid $436
Salaries & Benefits $40,365
Fundraising Expenses $0
Other Expenses $126,297
TOTAL EXPENSES $167,098

Year-over-Year Comparison

2024 2023 Change
Revenue $180,179 N/A N/A
Expenses $167,098 N/A N/A
Net Income $13,081 N/A N/A
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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Governance

Voting Members
7
Independent Members
7
Employees
8
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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABBY BRIGGS SECRETARY, A N/A
Officer Director
$0 $0 $0
ERIC BRIGGS PRESIDENT N/A
Officer Director
$0 $0 $0
FRANK FIKE TRUSTEE&LEGI N/A
Director
$0 $0 $0
DAN HAGEN TRUSTEE N/A
Director
$0 $0 $0
CHRIS MAST TRUSTEE & SA N/A
Director
$0 $0 $0
JAMES POLACEK TREASURER N/A
Officer Director
$0 $0 $0
DOUG ROUSELL VICE PRESIDE N/A
Officer Director
$0 $0 $0
STEVE SEDGEMAN TRUSTEE N/A
Director
$0 $0 $0
LARRY STALKER LEGION EX OF N/A
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 $180,179 $167,098 $66,266 $13,081
2022 $120,757 $132,879 $53,119 $-12,122
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