AMERICAN LEGION POST #580

EIN: 416023979

CHANHASSEN, MN

Total Revenue
$1,345,493
Total Expenses
$1,569,503
Total Assets
$780,714
Net Assets
$527,773
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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
1958
Legal Domicile
MN
Principal Officer
JON HOY
Phone
9529346677
Tax Period
2024-06-01 to 2025-05-31

AMERICAN LEGION POST #580, founded in 1958, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

RAISING MONEY FOR WAR VETERANS AND YOUTH PROGRAMS THROUGH RESTAURANT, BAR AND LAWFUL GAMBLING SALES.

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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 $1,345,493
TOTAL REVENUE $1,345,493

Expense Breakdown

Grants Paid $446,660
Salaries & Benefits $153,525
Fundraising Expenses $0
Program Expenses $446,660
Other Expenses $969,318
TOTAL EXPENSES $1,569,503

Year-over-Year Comparison

2024 2023 Change
Revenue $1,345,493 $1,520,116 -0.1%
Expenses $1,569,503 $1,615,024 0.0%
Net Income $-224,010 $-94,908 +1.4%
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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Governance

Voting Members
12
Independent Members
12
Employees
105
Volunteers
25

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
0
$0
Total Directors
14
$60,169
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLENN ANDERSON COMMANDER 5.00
Director
$0 $0 $0
MIKE NEILL ADJUTANT 5.00
Director
$0 $0 $0
JACKIE MAHON MEMBER AT LARGE 1.00
Director
$660 $0 $660
PAUL DIFFERDING GAMBLING MANAGER 12.00
Director
$59,509 $0 $59,509
LLOYD ENGLER SERGEANT AT ARMS 5.00
Director
$0 $0 $0
RICHARD MIDDLETON CHAPLIN 1.00
Director
$0 $0 $0
RANDY CANTIN SERVICE OFFICER 1.00
Director
$0 $0 $0
BOB MOULDER MEMBER AT LARGE 0.50
Director
$0 $0 $0
TOM KLEVEN HISTORIAN 1.00
Director
$0 $0 $0
CURT SCHIEBEL MEMBER AT LARGE 1.00
Director
$0 $0 $0
GEORGE BENIEK MEMBER AT LARGE 1.00
Director
$0 $0 $0
CHAD POPPITZ FIRST VICE 1.00
Director
$0 $0 $0
JON HOY FINANCE MANAGER 5.00
Director
$0 $0 $0
CHUCK RYLEE MEMBER AT LARGE 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 $1,345,493 $1,569,503 $780,714 $-224,010
2024 $1,520,116 $1,615,024 $935,683 $-94,908
2023 $1,431,424 $1,548,087 $1,036,002 $-116,663
2022 $1,734,499 $1,198,081 $1,138,571 $536,418
2021 $1,262,875 $826,210 $835,803 $436,665
2020 $681,267 $1,005,100 $373,737 $-323,833
2019 $1,025,202 $1,064,267 $519,883 $-39,065
2018 $1,107,831 $1,011,507 $517,281 $96,324
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