MINNESOTA AMERICAN LEGION FOUNDATI… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

LLOYD RICKER

Phone

6512911800

Tax Period

2024-10-01 to 2025-09-30

MINNESOTA AMERICAN LEGION FOUNDATION, founded in 1990, is a small nonprofit in the Public & Societal Benefit sector that reported $553K in total revenue in fiscal year 2024. Expenses of $519K left a modest 6% surplus.

Mission

TO ACCUMULATE A TRUST TO FUND PROGRAMS FOR MINNESOTA VETERANS AND THEIR FAMILIES NOT ALREADY FUNDED FROM TRADITIONAL REVENUE SOURCES.

Program Service Accomplishments

Program 1

Expenses: $507,438 Revenue: $0

FUNDING FOR PROGRAMS THAT SERVE MINNESOTA VETERANS AND THEIR FAMILIES THAT ARE NOT ALREADY FUNDED FROM TRADITIONAL REVENUE SOURCES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $537,142

Program Service Revenue $0

Investment Income $14,077

Other Revenue $1,975

TOTAL REVENUE $553,194

Expense Breakdown

Grants Paid $235,237

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $507,438

Other Expenses $283,956

TOTAL EXPENSES $519,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$553,194	$575,101	0.0%
Expenses	$519,193	$486,410	+0.1%
Net Income	$34,001	$88,691	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD RICKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRUCE KOTTOM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WAYNE HAMMON JR	SECRETARY	1.00	Officer Director	$0	$0	$0
ROGER MYREN	TREASURER	1.00	Officer Director	$0	$0	$0
RYAN HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CARL MOON	DEPARTMENT COMMANDER	1.00	Director	$0	$0	$0
PAUL HASSING	PAST COMMANDER	1.00	Director	$0	$0	$0
GREG COLBY	LEGAL COUNSEL	1.00	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	$553,194	$519,193	$2,011,206	$34,001
2024	$575,101	$486,410	$1,971,578	$88,691
2023	$684,174	$731,624	$1,850,661	$-47,450
2022	$694,692	$547,426	$1,875,971	$147,266
2021	$511,184	$513,894	$1,840,454	$-2,710
2020	$313,365	$169,035	$1,855,756	$144,330
2019	$535,270	$470,416	$1,685,405	$64,854
2018	$606,606	$540,770	$1,553,743	$65,836

MINNESOTA AMERICAN LEGION FOUNDATION