American Legion Post 181 Gustav L Handegaard

EIN: 416080901

Lake Park, MN

Total Revenue
$516,629
Total Expenses
$277,180
Total Assets
$606,991
Net Assets
$606,991
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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
1919
Legal Domicile
MN
Principal Officer
THEODORE SCHAUER
Phone
2188491627
Tax Period
2023-01-01 to 2023-12-31

American Legion Post 181 Gustav L Handegaard, founded in 1919, is a small nonprofit that reported $517K in total revenue in fiscal year 2023. Revenue surged 445% from the prior year, signaling strong growth momentum. The organization ran a surplus of $239K, a strong 46% operating margin.

Mission

Serve Veterans and 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 $385,265
Program Service Revenue $0
Investment Income $364
Other Revenue $131,000
TOTAL REVENUE $516,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $322
Other Expenses $274,570
TOTAL EXPENSES $277,180

Year-over-Year Comparison

2023 2022 Change
Revenue $516,629 $94,724 +4.5%
Expenses $277,180 $62,566 +3.4%
Net Income $239,449 $32,158 +6.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
120
Independent Members
120
Employees
N/A
Volunteers
15

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
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD SCHAUER Vice Commander N/A
Officer
$0 $0 $0
THEODORE SCHAUER Commander N/A
Officer
$0 $0 $0
KAREN ERICKSON Adjutant N/A
Officer
$0 $0 $0
VINCENT LARSON Gambling Manager N/A
Key Emp
$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 $516,629 $277,180 $606,991 $239,449
2021 $65,182 $46,731 $262,873 $18,451
2020 $34,255 $37,159 $277,269 $-2,904
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