AMERICAN LEGION POST 60 MCVEIGH-DUNN

EIN: 410632219

GRAND RAPIDS, MN

Total Revenue
$211,538
Total Expenses
$161,220
Total Assets
$305,762
Net Assets
$305,762
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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
MN
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

To promote Americanism, to provide aid and assistance to veterans, and to provide assistance to the community through programs, scholarships, donations, and other help.

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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 $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

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Governance

Voting Members
284
Independent Members
284
Employees
12
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
5
$0
Total Directors
0
$0
Key Employees
2
$18,000
Highest Compensated
0
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
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