Waite Park, MN
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Sign In — Free (10 views/day)American Legion Post 428 Silver Star, founded in 1950, is a micro nonprofit that reported $44K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $81K exceeded revenue, resulting in a 86% operating deficit.
The American Legion's Mission is "For God and Country". To uphold and defend the Constitution of the United States of America; to maintain law and order; to foster and perpetuate a 100% Americanism; to preserve the memories and incidents of our associations in the Great Wars; to inculcate a sense of individual obligations to the community, State and Nation; to combat the autocracy of both the classes and the masses; to make right the master of might; to promote peace and goodwill on earth; to safeguard and transmit to posterity the principals of justice, freedom and democracy; to consecrate and sanctify our comradeship by our devotion to mutual helpfulness.
The Legion supports numerous youth activities, services to the Veterans Administration, and many other community services.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $43,847 | $39,739 | +0.1% |
| Expenses | $81,421 | $74,832 | +0.1% |
| Net Income | $-37,574 | $-35,093 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ray Theis | Finance Officer | 4.00 |
Officer
|
$5,655 | $0 | $5,655 |
| Tom Fernlund | Adjutant | 4.00 |
Officer
|
$5,220 | $0 | $5,220 |
| Veronica Fernlund | Exec Committee | 1.00 |
Director
|
$0 | $0 | $0 |
| Bill Jones | Exec Committee | 1.00 |
Director
|
$0 | $0 | $0 |
| Julius Atkinson | Exec Committee | 1.00 |
Director
|
$0 | $0 | $0 |
| Dennis Schiffler | Exec Committee | 1.00 |
Director
|
$0 | $0 | $0 |
| Joe Cordie | Commander | 4.00 |
Officer
|
$0 | $0 | $0 |
| Jerry Zabinski | 1st Vice Comman | 1.00 |
Officer
|
$0 | $0 | $0 |
| Dave Gammell | 2nd Vice Comman | 1.00 |
Officer
|
$0 | $0 | $0 |
| Sherry Mertens | Historian | 1.00 |
Officer
|
$0 | $0 | $0 |
| Wes Thompson | Service Officer | 1.00 |
Officer
|
$0 | $0 | $0 |
| Henry Koopman | Chaplain | 1.00 |
Officer
|
$0 | $0 | $0 |
| Ken Bauer | Sgt-at-Arms | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $43,847 | $81,421 | $959,934 | $-37,574 |
| 2023 | $39,739 | $74,832 | $856,762 | $-35,093 |
| 2022 | $52,280 | $103,084 | $855,039 | $-50,804 |
| 2021 | $1,021,407 | $200,307 | $1,034,688 | $821,100 |
| 2020 | $243,924 | $366,896 | $255,769 | $-122,972 |
| 2019 | $538,774 | $536,247 | $345,473 | $2,527 |
| 2018 | $526,861 | $548,129 | $328,062 | $-21,268 |
Compare American Legion Post 428 Silver Star with other nonprofits in Minnesota and across the country.