NESSETH LIEN AMERICAN LEGION

EIN: 416022805

TWIN VALLEY, MN

Total Revenue
$4,498
Total Expenses
$11,535
Total Assets
$60,185
Net Assets
$59,440
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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
1920
Legal Domicile
MN
Principal Officer
PRESTON HALVORSON
Phone
2185848438
Tax Period
2023-01-01 to 2023-12-31

NESSETH LIEN AMERICAN LEGION, founded in 1920, is a micro nonprofit that reported $4K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 156% operating deficit.

Mission

TO PROVIDE SUPPORT FOR MILITARY VETERANS AND FACILITATE COMMUNITY INVOLVEMENT AND FELLOWSHIP.

Program Service Accomplishments

Program 1

TO CONTRIBUTE TO VETERAN EDUCATION AND CHARITABLE FOR THE BENEFIT OF THE COMMUNITY AND NATION.

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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 $2,126
Program Service Revenue $2,164
Investment Income $9
Other Revenue $199
TOTAL REVENUE $4,498

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $10,248
TOTAL EXPENSES $11,535

Year-over-Year Comparison

2023 2022 Change
Revenue $4,498 $20,283 -0.8%
Expenses $11,535 $5,419 +1.1%
Net Income $-7,037 $14,864 -1.5%
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
10
Independent Members
10
Employees
7
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
10
$6,900
Total Directors
10
$6,900
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALE ARMSTRONG SERVICE OFFI 1.00
Officer Director
$3,900 $0 $3,900
LYNN CHRISTIANSON 2ND VICE COM 4.00
Officer Director
$3,000 $0 $3,000
DARREN ANDERSEN CHAPLAIN 1.00
Officer Director
$0 $0 $0
PRESTON HALVORSON COMMANDER 1.00
Officer Director
$0 $0 $0
RYAN HENDRICKSON MEMBERSHIP D 1.00
Officer Director
$0 $0 $0
G TOM NELSON VICE COMMAND 1.00
Officer Director
$0 $0 $0
JEFF RASMUSSON SERGEANT-AT- 1.00
Officer Director
$0 $0 $0
DUDLEY WELLS HISTORIAN 1.00
Officer Director
$0 $0 $0
DAN WILSEY FINANCE OFFI 1.00
Officer Director
$0 $0 $0
MILO WINTER 3RD VICE COM 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
2024 No data No data No data No data
2023 $4,498 $11,535 $60,185 $-7,037
2022 $20,283 $5,419 $66,981 $14,864
2021 $30,275 $4,697 $52,997 $25,578
2020 $6,365 $4,517 $26,772 $1,848
2019 $12,135 $6,398 $24,613 $5,737
2018 $11,739 $6,296 $18,525 $5,443
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