AMERICAN LEGION POST 126 - COSMOS - 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

1950

Legal Domicile

Principal Officer

MARK ADAMS

Phone

3205832869

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST 126 - COSMOS, founded in 1950, is a micro nonprofit that reported $879 in total revenue in fiscal year 2024. Expenses of $2K exceeded revenue, resulting in a 155% operating deficit.

Mission

TO TAKE AN ACTIVE ROLE IN OUR COMMUNITY AND SUPPORT CIVIC AND SOCIAL ORGANIZATIONS THROUGH VOLUNTEERS AND FINANCIAL ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $1,667

FINANCIAL DONATIONS THROUGH EARNINGS FROM LAWFUL GAMBLING.

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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 $1,756

Program Service Revenue $0

Investment Income $0

Other Revenue $-877

TOTAL REVENUE $879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,667

Other Expenses $2,239

TOTAL EXPENSES $2,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$879	$-30,158	-1.0%
Expenses	$2,239	$9,224	-0.8%
Net Income	$-1,360	$-39,382	-1.0%

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

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
RONALD MORTENSON	GAMBLING MANAGE	8.00	Director	$0	$0	$0
MARK ADAMS	COMMANDER	8.00	Officer	$0	$0	$0
JOHN FREDRICKSON	ADJUTANT	8.00	Officer	$0	$0	$0
RALPH INSELMANN	Treasurer	8.00	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	$879	$2,239	$107,595	$-1,360
2023	$-30,158	$9,224	$108,955	$-39,382
2022	$47,112	$2,963	$148,337	$44,149
2021	$388,033	$332,094	$104,870	$55,939

AMERICAN LEGION POST 126 - COSMOS