RICHMOND AMERICAN LEGION POST 292 (EIN 416047298) - 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

1959

Legal Domicile

Principal Officer

MICHAEL PEART

Tax Period

2024-01-01 to 2024-12-31

RICHMOND AMERICAN LEGION POST 292, founded in 1959, is a micro nonprofit that reported $95K in total revenue in fiscal year 2024. Revenue surged 787% from the prior year, signaling strong growth momentum. Expenses of $87K left a modest 8% surplus.

Mission

AMERICAN LEGION POST 292 WAS ORGANIZED TO PROVIDE A P;LACE FOR THE VETERANS OF CIRHMOND AND SURROUNDING AREA TO COMMINGLE AND PROMOTE THEIR WELFARE AS A GROUP AND THE COMMUNITY IN WHICH THEY LIVE

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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 $8,113

Program Service Revenue $0

Investment Income $117

Other Revenue $86,457

TOTAL REVENUE $94,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $700

Fundraising Expenses $0

Program Expenses $78,263

Other Expenses $85,981

TOTAL EXPENSES $86,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,687	$10,673	+7.9%
Expenses	$86,681	$174,017	-0.5%
Net Income	$8,006	$-163,344	-1.0%

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

110

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
MICHAEL PEART	COMMANDER	2.00	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
2025	No data	No data	No data	No data
2024	$94,687	$86,681	$135,976	$8,006
2023	$10,673	$11,969	$127,251	$-1,296
2022	$11,429	$13,472	$129,734	$-2,043
2021	$63,690	$12,216	$132,338	$51,474
2020	$25,418	$7,947	$77,141	$17,471
2019	$18,962	$13,818	$72,193	$5,144
2018	$46,727	$11,313	$65,546	$35,414

RICHMOND AMERICAN LEGION POST 292