AMERICAN LEGION POST 0016

EIN: 381333608

LAPEER, MI

Total Revenue
$122,657
Total Expenses
$168,670
Total Assets
$327,307
Net Assets
$194,804
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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
MI
Principal Officer
TOM LOSSING
Phone
8106649312
Tax Period
2023-01-01 to 2023-12-31

AMERICAN LEGION POST 0016, founded in 1946, is a small nonprofit that reported $123K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $169K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROMOTE THE PRINCIPLES AND POLICIES AS SET FORTH IN THE PREAMBLE AND THE NATIONAL AND DEPARTMENTAL CONSTITUTION OF THE AMERICAN LEGION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,625
Program Service Revenue $90,724
Investment Income $2
Other Revenue $19,306
TOTAL REVENUE $122,657

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $5,450
Fundraising Expenses $0
Program Expenses $168,670
Other Expenses $161,720
TOTAL EXPENSES $168,670

Year-over-Year Comparison

2023 2022 Change
Revenue $122,657 $204,009 -0.4%
Expenses $168,670 $176,091 0.0%
Net Income $-46,013 $27,918 -2.6%
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
264
Independent Members
185
Employees
7
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
10
$8,954
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM LOSSING POST COMMAND 6.00
Officer Director
$0 $0 $0
ART WHITE 1ST VICE COM 2.00
Officer
$0 $0 $0
GARY KALAR 1ST VICE COM 2.00
Officer
$0 $0 $0
GLENN REAM ADJUTANT 6.00
Officer
$0 $0 $0
THERESA GILBERT FINANCE OFFI 10.00
Officer
$8,954 $0 $8,954
GREGORY SMITH CHAPLAIN 2.00
Officer
$0 $0 $0
RONALD SMITH SERVICE OFFI 6.00
Officer
$0 $0 $0
GORDON WILDFONG SGT-AT-ARMS 2.00
Officer Director
$0 $0 $0
GARY HOWELL JUDGE ADVOCA 2.00
Officer
$0 $0 $0
STEVE CLARK HISTORIAN 2.00
Officer
$0 $0 $0
WILBERT BORCK TRUSTEE/DIRE 4.00
Director
$0 $0 $0
WALTER STEWART TRUSTEE 2.00
Director
$0 $0 $0
STAN ROBERTS TRUSTEE 2.00
Director
$0 $0 $0
ADAM PARISH TRUSTEE 2.00
Director
$0 $0 $0
BOB RICE TRUSTEE 2.00
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 No data No data No data No data
2023 $122,657 $168,670 $327,307 $-46,013
2022 $204,009 $176,091 $328,606 $27,918
2021 $219,527 $136,728 $211,841 $82,799
2020 $77,031 $92,068 $142,180 $-15,037
2019 $186,022 $178,589 $146,824 $7,433
2018 $272,429 $229,270 $142,169 $43,159
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