AMERICAN LEGION POST #118 ERNEST ASELTON

EIN: 410761684

WAYZATA, MN

Total Revenue
$411,600
Total Expenses
$283,566
Total Assets
$562,722
Net Assets
$505,788
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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
1938
Legal Domicile
MN
Principal Officer
PAUL CARLSON
Phone
9524737678
Tax Period
2024-06-01 to 2025-05-31

AMERICAN LEGION POST #118 ERNEST ASELTON, founded in 1938, is a small nonprofit that reported $412K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $128K, a strong 31% operating margin.

Mission

FRATERNAL ORGANIZATION - PROVIDES FELLOWSHIP AMOUNT 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 (2024)

Revenue Breakdown

Contributions & Grants $16,637
Program Service Revenue $0
Investment Income $901
Other Revenue $394,062
TOTAL REVENUE $411,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $283,566
TOTAL EXPENSES $283,566

Year-over-Year Comparison

2024 2023 Change
Revenue $411,600 $374,522 +0.1%
Expenses $283,566 $330,699 -0.1%
Net Income $128,034 $43,823 +1.9%
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
6
Independent Members
6
Employees
42
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
6
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL CARLSON 2ND VICE COMMANDER 0.50
Officer Director
$0 $0 $0
JOE DUTCHER 1ST VICE COMMANER/FINANCE OFFICER 5.00
Officer Director
$0 $0 $0
JERRY OSTROV POST COMMANDER 5.00
Officer Director
$0 $0 $0
CHRIS PEDERSON CHAPLIN 0.50
Officer Director
$0 $0 $0
JIM WILSON ADJUTANT 0.50
Officer Director
$0 $0 $0
NIEL GIESE SERGEANT-AT-ARMS 0.50
Officer Director
$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
2025 $411,600 $283,566 $562,722 $128,034
2024 $374,522 $330,699 $400,667 $43,823
2024 $1,049,383 $1,005,560 $400,667 $43,823
2023 $701,706 $759,560 $351,590 $-57,854
2022 $694,262 $572,363 $392,944 $121,899
2021 $360,841 $440,289 $362,739 $-79,448
2020 $463,278 $495,336 $435,139 $-32,058
2019 $626,906 $592,903 $440,659 $34,003
2018 $649,014 $596,949 $434,411 $52,065
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