AMERICAN LEGION 566 LINO LAKES POST

EIN: 410918950

LINO LAKES, MN

Total Revenue
$417,955
Total Expenses
$425,214
Total Assets
$447,600
Net Assets
$284,494
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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
1959
Legal Domicile
MN
Principal Officer
SCOTT NORDSTROM
Phone
6517830055
Tax Period
2024-08-01 to 2025-07-31

AMERICAN LEGION 566 LINO LAKES POST, founded in 1959, is a small nonprofit that reported $418K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

PROVIDE SUPPORT FOR VETERANS AND COMMUNITY SERVICES.

Program Service Accomplishments

Program 1

ACTIVITIES TO PROVIDE MORAL AND EDUCATIONAL SUPPORT OF VETERANS.

Program 2

GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 7/31/2024, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, TIPBOARDS,PADDLETICKETS, LINKED BINGO, ELECTRONIC PULL-TABS...

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GAMBLING: THE FORMS OF GAMBLING CONDUCTED BY THE ORGANIZATION DURING THE YEAR ENDED 7/31/2024, INCLUDED PAPER PULL-TABS, NON-LINKED BINGO, TIPBOARDS,PADDLETICKETS, LINKED BINGO, ELECTRONIC PULL-TABS, AND SPORTS-THEMED TIPBOARDS. REVENUE IN EXCESS OF ALLOWABLE EXPENSES GENERATED BY THE LAWFUL GAMBLING FUND WERE USED FOR LAWFUL PURPOSES AND BOARD APPROVED EXPENDITURES AS DEFINED BY MINNESOTA STATUTE. GROSS RECEIPTS FOR THE YEAR ENEDED 7/31/2024 WERE 3,499,340. TOTAL GAMING EXPENSES FOR THE YEAR ENDED 7/31/2024 WERE 3,513,126.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $417,955
TOTAL REVENUE $417,955

Expense Breakdown

Grants Paid $0
Salaries & Benefits $252,691
Fundraising Expenses $0
Other Expenses $172,523
TOTAL EXPENSES $425,214

Year-over-Year Comparison

2024 2023 Change
Revenue $417,955 $322,754 +0.3%
Expenses $425,214 $324,277 +0.3%
Net Income $-7,259 $-1,523 +3.8%
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
7
Employees
47
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
9
$41,139
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM MERINO 1ST VICE COM 56.00
Officer
$41,139 $0 $41,139
MICHAEL ASH 2ND VICE COM 20.00
Officer
$0 $0 $0
TOM DRIGGERS FINANCE OFFI 15.00
Officer
$0 $0 $0
BRANDY FULTON ADJUTANT 5.00
Officer
$0 $0 $0
PAUL HOWARD HISTORIAN/ME 15.00
Officer
$0 $0 $0
TIM KELLY SERGEANT OF 6.00
Officer
$0 $0 $0
PAUL LESCH PAST COMMAND 15.00
Officer
$0 $0 $0
SCOTT NORDSTROM COMMANDER/CE 17.00
Officer
$0 $0 $0
TONY RICKERL BAR N BUILDI 4.00
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
2025 $417,955 $425,214 $447,600 $-7,259
2024 $322,754 $324,277 $463,451 $-1,523
2024 $322,754 $324,277 $463,451 $-1,523
2023 $250,855 $274,477 $444,212 $-23,622
2022 $311,156 $255,923 $481,205 $55,233
2021 $280,161 $304,725 $505,721 $-24,564
2020 $73,090 $128,710 $502,589 $-55,620
2019 $126,552 $135,171 $500,722 $-8,619
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