AMERICAN LEGION POST 60 MCVEIGH-DU… - Form 990 Financial Data

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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

1920

Legal Domicile

Principal Officer

JERRY TERHAAR

Phone

2183269141

Tax Period

2023-01-01 to 2023-12-31

AMERICAN LEGION POST 60 MCVEIGH-DUNN, founded in 1920, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. The organization ran a surplus of $50K, a strong 24% operating margin.

Mission

An American Legion Post affiliated with the national organization to promote Americanism, to provide aid and assistance to veterans, and to provide assistance to the community through programs, scholarships, donations and other help.

Program Service Accomplishments

Program 1

The Color Guard rendered funeral honors at roughly 75 veterans funerals. In addition, they participated in roughly 20 other functions which included parades, posting of colors, and flag raisings.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,905

Program Service Revenue $0

Investment Income $0

Other Revenue $202,633

TOTAL REVENUE $211,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,257

Fundraising Expenses $0

Other Expenses $83,963

TOTAL EXPENSES $161,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,538	$196,901	+0.1%
Expenses	$161,220	$146,917	+0.1%
Net Income	$50,318	$49,984	+0.0%

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

284

Independent Members

284

Employees

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

Total Directors

Key Employees

$18,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK GOGGIN	GAMING MANAGER	020.00	Key Emp	$12,100	$0	$12,100
KENNETH MERWIN	GAMING ASST MGR	014.00	Key Emp	$5,900	$0	$5,900
JERRY TERHAAR	COMMANDER	001.00	Officer	$0	$0	$0
PAUL KOIVISTO	VICE COMMANDER	001.00	Officer	$0	$0	$0
KATHY SHUSTER	FINANCE OFFICER	001.00	Officer	$0	$0	$0
PATRICK DUFFNEY	HOUSE COMMITTEE CHAIR	001.00	Officer	$0	$0	$0
MARVIN OTT	ADJUTANT	004.00	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
2024	No data	No data	No data	No data
2023	$211,538	$161,220	$305,762	$50,318
2022	$196,901	$146,917	$255,444	$49,984
2021	$164,053	$137,137	$205,460	$26,916
2020	$106,145	$82,675	$175,594	$23,470
2019	$158,727	$120,360	$152,847	$38,367

AMERICAN LEGION POST 60 MCVEIGH-DUNN