AMERICAN LEGION 0475 W GRAMS R SCHMIDT POST MN (EIN 416040151) - 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

1945

Legal Domicile

Phone

5079952203

Tax Period

2023-01-01 to 2023-12-31

AMERICAN LEGION 0475 W GRAMS R SCHMIDT POST MN, founded in 1945, is a small nonprofit that reported $139K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $132K left a modest 5% surplus.

Mission

VETERANS ORGANIZATION - PROVIDING A FRATERNAL ORGANIZATION FOR VETERANS OF MILITARY SERVICE

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,005

Investment Income $1,539

Other Revenue $135,439

TOTAL REVENUE $138,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,460

Fundraising Expenses $12,498

Program Expenses $37,740

Other Expenses $106,438

TOTAL EXPENSES $131,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,983	$99,215	+0.4%
Expenses	$131,898	$130,499	+0.0%
Net Income	$7,085	$-31,284	-1.2%

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

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
DAVID IVERS	COMMANDER	1.00	Officer Director	$0	$0	$0
MICHAEL RASMUSSEN	VICE COMMANDER	1.00	Officer Director	$0	$0	$0
MIKE BRAMSTED	FINANCE OFFICER	1.00	Officer Director	$0	$0	$0
CAL BJORNSON	CHAPLAIN	1.00	Officer Director	$0	$0	$0
RICK BRUELS	MEMBERSHIP DIR.	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$138,983	$131,898	$326,312	$7,085
2022	$99,215	$130,499	$317,783	$-31,284
2021	$163,599	$150,050	$347,971	$13,549
2020	$66,565	$59,441	$333,981	$7,124
2019	$101,274	$57,176	$345,273	$44,098
2018	$79,064	$36,565	$312,590	$42,499

AMERICAN LEGION 0475 W GRAMS R SCHMIDT POST MN