AMERICAN LEGION POST 6

EIN: 410733044

PIPESTONE, MN

Total Revenue
$333,405
Total Expenses
$208,902
Total Assets
$429,811
Net Assets
$422,433
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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
1946
Legal Domicile
MN
Principal Officer
DERRICK FEMRITE
Phone
5078253211
Tax Period
2023-09-01 to 2024-08-31

AMERICAN LEGION POST 6, founded in 1946, is a small nonprofit that reported $333K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 37% operating margin.

Mission

FELLOWSHIP AMONG VETERANS

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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 $132,106
Program Service Revenue $0
Investment Income $11
Other Revenue $201,288
TOTAL REVENUE $333,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $92,318
Fundraising Expenses $0
Other Expenses $116,584
TOTAL EXPENSES $208,902

Year-over-Year Comparison

2023 2022 Change
Revenue $333,405 $202,529 +0.6%
Expenses $208,902 $211,556 0.0%
Net Income $124,503 $-9,027 -14.8%
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
8
Independent Members
8
Employees
10
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
8
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE BLOM CHAPLIN N/A
Officer
$0 $0 $0
BRAD CARSON SERGEANT OF N/A
Officer
$0 $0 $0
BOB DOUTY TRUSTEE N/A
Officer
$0 $0 $0
DERRICK FEMRITE FINANCE OFFI N/A
Officer
$0 $0 $0
CHRIS HOSS COMMANDER N/A
Officer
$0 $0 $0
MYRON KOETS SERVICE OFFI N/A
Officer
$0 $0 $0
HENRY NOEL 2ND VP N/A
Officer
$0 $0 $0
JUSTIN OLSEN 1ST VP N/A
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 $333,405 $208,902 $429,811 $124,503
2023 $202,529 $211,556 $292,360 $-9,027
2022 $255,756 $213,592 $298,255 $42,164
2021 $244,365 $180,312 $278,835 $64,053
2020 $127,176 $168,749 $198,517 $-41,573
2019 $162,348 $168,645 $224,428 $-6,297
2018 $166,256 $169,083 $235,092 $-2,827
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