American Legion Post 602 (EIN 416032805) - Form 990 Financial Analysis & Trantor Score

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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

1957

Legal Domicile

Principal Officer

James Blaisdell

Phone

3204682568

Tax Period

2024-01-01 to 2024-12-31

American Legion Post 602, founded in 1957, is a micro nonprofit that reported $45K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $19K, a strong 42% operating margin.

Mission

Social Welfare of Military Vets

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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 $29,892

Program Service Revenue $0

Investment Income $100

Other Revenue $15,300

TOTAL REVENUE $45,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $26,440

TOTAL EXPENSES $26,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,292	$48,049	-0.1%
Expenses	$26,440	$22,239	+0.2%
Net Income	$18,852	$25,810	-0.3%

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

140

Independent Members

140

Employees

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
James Blaisdell	Commander	3.00	Officer	$0	$0	$0
Keith Carter	Vice Comm.	1.00	Officer	$0	$0	$0
Loren Tomala	Adjutant	1.00	Officer	$0	$0	$0
Jerome Marshik	Fin Officer	1.00	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
2024	$45,292	$26,440	$193,082	$18,852
2023	$48,049	$22,239	$144,621	$25,810
2022	$44,965	$23,699	$118,766	$21,266
2021	$29,971	$22,744	$95,813	$7,227
2020	$13,307	$18,540	$79,148	$-5,233

American Legion Post 602