American Legion Post 428 Silver Star

EIN: 410655228

Waite Park, MN

Total Revenue
$43,847
Total Expenses
$81,421
Total Assets
$959,934
Net Assets
$959,784
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
MN
Principal Officer
Joe Cordie
Phone
3202527880
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,976
Program Service Revenue $12,963
Investment Income $22,484
Other Revenue $424
TOTAL REVENUE $43,847

Expense Breakdown

Grants Paid $7,526
Salaries & Benefits $12,059
Fundraising Expenses $0
Other Expenses $61,836
TOTAL EXPENSES $81,421

Year-over-Year Comparison

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%
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

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
28

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
9
$10,875
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
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