AMERICAN LEGION POST 126 - COSMOS

EIN: 410691677

COSMOS, MN

Total Revenue
$879
Total Expenses
$2,239
Total Assets
$107,595
Net Assets
$107,595
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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
MN
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.

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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 $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

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Governance

Voting Members
40
Independent Members
40
Employees
3
Volunteers
15

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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