AMERICAN LEGION POST 56 LEO CAREY (EIN 410627410) - Form 990 Financial Analysis & Trantor Score

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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

1957

Legal Domicile

Principal Officer

OLE OLSON

Phone

5073737993

Tax Period

2024-07-01 to 2025-06-30

AMERICAN LEGION POST 56 LEO CAREY, founded in 1957, is a small nonprofit that reported $218K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $189K left a modest 13% surplus.

Mission

VETERANS ORGANIZATION TO SERVE THE SOCIAL AND RECREATIONAL NEEDS OF ITS MEMBERS AS WELL AS THE PATRIOTIC NEEDS OF THE COMMUNITY. THE ORGANIZATION SERVES APPROXIMATELY 500 MEMBERS AND A COMMUNITY OF 19,000.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $73,418

Program Service Revenue $0

Investment Income $0

Other Revenue $144,804

TOTAL REVENUE $218,222

Expense Breakdown

Grants Paid $12,960

Salaries & Benefits $74,560

Fundraising Expenses $0

Program Expenses $156,657

Other Expenses $101,389

TOTAL EXPENSES $188,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,222	$198,164	+0.1%
Expenses	$188,909	$206,674	-0.1%
Net Income	$29,313	$-8,510	-4.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLE OLSON	COMMANDER	0.50	Officer	$0	$0	$0
PAUL RAGATZ	2ND VICE	0.25	Officer Director	$0	$0	$0
TOM NORBY	ADJUNCT	0.25	Officer	$0	$0	$0
BARBARA BABB	FINANCE OFFI	1.00	Officer	$0	$0	$0
DON GODEKE	TRUSTEE	0.25	Director	$0	$0	$0
LES SHAUNCE	TRUSTEE	0.25	Director	$0	$0	$0
SID TROUTNER	TRUSTEE	0.25	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	$218,222	$188,909	$135,637	$29,313
2024	$198,164	$206,674	$116,527	$-8,510
2023	$197,539	$231,772	$123,508	$-34,233
2022	$214,104	$181,272	$143,387	$32,832
2021	$182,407	$153,768	$163,738	$28,639
2021	$181,377	$153,768	$163,225	$27,609
2019	$290,485	$283,639	$128,459	$6,846
2018	$272,773	$272,450	$123,908	$323

AMERICAN LEGION POST 56 LEO CAREY