GEORGE BERGEM AMERICAN LEGION POST 489

EIN: 416036497

Underwood, MN

Total Revenue
$242,407
Total Expenses
$186,308
Total Assets
$346,066
Net Assets
$343,000
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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
1921
Legal Domicile
MN
Principal Officer
JOHN MCGRAHAM
Phone
2188266989
Tax Period
2024-01-01 to 2024-12-31

GEORGE BERGEM AMERICAN LEGION POST 489, founded in 1921, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $56K, a strong 23% operating margin.

Mission

For God and country we advocate for veterans, educate our citizens, mentor youth and promote patriotism and citenship, peace and security.

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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 $3,200
Program Service Revenue $1,587
Investment Income $25
Other Revenue $237,595
TOTAL REVENUE $242,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,409
Fundraising Expenses $0
Program Expenses $87,997
Other Expenses $65,899
TOTAL EXPENSES $186,308

Year-over-Year Comparison

2024 2023 Change
Revenue $242,407 $219,329 +0.1%
Expenses $186,308 $194,985 0.0%
Net Income $56,099 $24,344 +1.3%
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

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Governance

Voting Members
106
Independent Members
106
Employees
29
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A COMMANDER 015.00
Officer
$0 $0 $0
N/A VICE COMMANDER 005.00
Officer
$0 $0 $0
N/A FINANCE OFFICER 005.00
Officer
$0 $0 $0
N/A ADJUTANT 005.00
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 $242,407 $186,308 $346,066 $56,099
2023 $219,329 $194,985 $291,168 $24,344
2022 $229,204 $200,094 $289,646 $29,110
2021 $347,157 $163,942 $221,580 $183,215
2021 $347,157 $221,080 $221,580 $126,077
2020 $75,676 $120,092 $53,678 $-44,416
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