AMERICAN LEGION POST 257

EIN: 410853505

SPRINGFIELD, MN

Total Revenue
$112,414
Total Expenses
$124,949
Total Assets
$255,110
Net Assets
$245,800
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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
1945
Legal Domicile
MN
Principal Officer
CHAD SALONEK
Phone
5077239944
Tax Period
2023-07-01 to 2024-06-30

AMERICAN LEGION POST 257, founded in 1945, is a small nonprofit that reported $112K in total revenue in fiscal year 2023. Expenses of $125K exceeded revenue, resulting in a 11% operating deficit.

Mission

A PATRIOTIC VETERANS ORGANIZATION DEVOTED TO MUTUAL HELPFULNESS. COMMITTMENT TO MENTORING AND SPONSORSHIP OF YOUTH PROGRAMS IN THE COMMUNITY. ADVOCATES PATRIOTISM AND HONOR AND PROMOTES STRONG NATIONAL SECURITY. DEVOTION TO FELLOW SERVICEMEMBERS AND 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 $4,240
Program Service Revenue $7,533
Investment Income $1,042
Other Revenue $99,599
TOTAL REVENUE $112,414

Expense Breakdown

Grants Paid $48,700
Salaries & Benefits $54,831
Fundraising Expenses $0
Other Expenses $21,418
TOTAL EXPENSES $124,949

Year-over-Year Comparison

2023 2022 Change
Revenue $112,414 $112,934 0.0%
Expenses $124,949 $103,161 +0.2%
Net Income $-12,535 $9,773 -2.3%
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
6
Volunteers
12

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
CHAD SALONEK COMMANDER 4.00
Officer Director
$0 $0 $0
JAMES BIGELO VICE COMMANDER 1.00
Officer Director
$0 $0 $0
TIM VOGEL 1ST VICE 1.00
Officer Director
$0 $0 $0
ALLEN KREBS 2ND VICE 1.00
Officer Director
$0 $0 $0
CHUCK ROIGER ADJUTANT 1.00
Officer Director
$0 $0 $0
FLOYD ROGOTZKE CHAPLAIN 1.00
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 No data No data No data No data
2024 $112,414 $124,949 $255,110 $-12,535
2023 $112,934 $103,161 $259,517 $9,773
2022 $112,940 $92,266 $250,753 $20,674
2021 $92,671 $57,122 $230,424 $35,549
2020 $82,779 $84,922 $192,480 $-2,143
2019 $100,858 $92,510 $196,811 $8,348
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