LONSDALE LEGION POST 586

EIN: 411393524

LONSDALE, MN

Total Revenue
$65,316
Total Expenses
$11,195
Total Assets
$128,346
Net Assets
$128,346
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
MN
Phone
5077442387
Tax Period
2024-01-01 to 2024-12-31

LONSDALE LEGION POST 586, founded in 1946, is a micro nonprofit that reported $65K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $54K, a strong 83% operating margin.

Mission

TO PROVIDE THE VETERANS IN THE LONSDALE, MN AREA A PLACE TO MEET AND SOCIALIZE. TO ASSIST VETERANS IN VARIOUS WAYS TO PROVIDE INFORMATION OR SERVICES THAT ARE AVAILABLE TO THEM ON A STATE AND NATIONAL LEVEL.

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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 $6,116
Program Service Revenue $0
Investment Income $0
Other Revenue $59,200
TOTAL REVENUE $65,316

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,059
Other Expenses $11,195
TOTAL EXPENSES $11,195

Year-over-Year Comparison

2024 2023 Change
Revenue $65,316 $148,719 -0.6%
Expenses $11,195 $17,188 -0.3%
Net Income $54,121 $131,531 -0.6%
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
4
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY LARSEN COMMANDER 2.00
Officer Director
$0 $0 $0
RANDY VLASAK 1ST VICE-COMMAN 2.00
Officer Director
$0 $0 $0
STEVE DUBAN 2ND-VICE COMMAN 2.00
Officer Director
$0 $0 $0
LEROY CLAUSEN Treasurer 2.00
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
2024 $65,316 $11,195 $128,346 $54,121
2023 $148,719 $17,188 $232,196 $131,531
2020 $48,702 $36,432 $49,927 $12,270
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