AMERICAN LEGION POST 0145

EIN: 416042756

HOWARD LAKE, MN

Total Revenue
$478,405
Total Expenses
$549,054
Total Assets
$505,115
Net Assets
$468,962
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MN
Principal Officer
ED JOHNSON
Phone
3205432554
Tax Period
2023-01-01 to 2023-12-31

AMERICAN LEGION POST 0145, founded in 1975, is a small nonprofit that reported $478K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $549K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROMOTE SOCIAL WELFARE OF VETERANS. BAR, RESTAURANT AND LAWFUL GAMBLING OPERATED TO PROMOTE THE SOCIAL WELFARE OF VETERANS AND THEIR GUESTS. NET LAWFUL GAMBLING PROCEEDS ARE DISTRIBUTED TO CHARITABLE CAUSES IN THE COMMUNITY.

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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 $0
Program Service Revenue $1,532
Investment Income $754
Other Revenue $476,119
TOTAL REVENUE $478,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $341,029
Fundraising Expenses $0
Other Expenses $208,025
TOTAL EXPENSES $549,054

Year-over-Year Comparison

2023 2022 Change
Revenue $478,405 $554,028 -0.1%
Expenses $549,054 $554,280 0.0%
Net Income $-70,649 $-252 +279.4%
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
7
Independent Members
7
Employees
77
Volunteers
20

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
3
$0
Total Directors
8
$31,476
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL GAUSMAN GAMBLING MAN 40.00
Director
$31,476 $0 $31,476
SCOTT BARTH DIRECTOR 1.00
Director
$0 $0 $0
JOSH HARICAR ADJUTANT 1.00
Director
$0 $0 $0
ED JOHNSON COMMANDER 1.00
Officer Director
$0 $0 $0
DAVID NIEMANN DIRECTOR 1.00
Director
$0 $0 $0
GARY SCHMIDT VICE COMMAND 1.00
Officer Director
$0 $0 $0
DAVE THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
ROD WERNER TREASURER 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 $478,405 $549,054 $505,115 $-70,649
2022 $554,028 $554,280 $588,207 $-252
2021 $656,973 $492,360 $590,371 $164,613
2020 $132,041 $152,744 $538,907 $-20,703
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