AMERICAN LEGION WALTER JOHNSON POST 721

EIN: 420872310

CORALVILLE, IA

Total Revenue
$160,807
Total Expenses
$175,899
Total Assets
$179,129
Net Assets
$-11,467
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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
1972
Legal Domicile
IA
Principal Officer
SKIP WELLS
Phone
3193519937
Tax Period
2024-07-01 to 2025-06-30

AMERICAN LEGION WALTER JOHNSON POST 721, founded in 1972, is a small nonprofit that reported $161K in total revenue in fiscal year 2024.

Mission

THE AMERICAN LEGION POST IS A SOCIAL OUTLET FOR AMERICAN MILITARY VETERANS

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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 $0
Program Service Revenue $0
Investment Income $1
Other Revenue $160,806
TOTAL REVENUE $160,807

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,062
Fundraising Expenses $0
Other Expenses $69,837
TOTAL EXPENSES $175,899

Year-over-Year Comparison

2024 2023 Change
Revenue $160,807 $169,050 0.0%
Expenses $175,899 $178,377 0.0%
Net Income $-15,092 $-9,327 +0.6%
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
92
Independent Members
92
Employees
12
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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SKIP WELLS TREASURER 1.00
Director
$0 $0 $0
TOM TRAVIS HONOR GUARD, TRUSTEE 1.00
Director
$0 $0 $0
DOUG BOWLES HISTORIAN 1.00
Director
$0 $0 $0
NICK SITZMAN TRUSTEE 1.00
Director
$0 $0 $0
BOB MCLACHLAN ADJUTANT 1.00
Director
$0 $0 $0
LARRY JAY TRUSTEE 1.00
Director
$0 $0 $0
GARY KINSINGER HISTORIAN 1.00
Director
$0 $0 $0
KEVIN RICHARDS COMMANDER 1.00
Director
$0 $0 $0
STEVE MCCANN 1ST VICE COMMANDER 1.00
Director
$0 $0 $0
JIM HARRINGTON 2ND VICE COMMANDER 1.00
Director
$0 $0 $0
RICK ZORTMAN CHAPLIN 1.00
Director
$0 $0 $0
DOUG YANSKY SERGEANT AT ARMS 1.00
Director
$0 $0 $0
REX BRANSTTATER SAL COMMANDER 1.00
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 $160,807 $175,899 $179,129 $-15,092
2024 $169,050 $178,377 $199,366 $-9,327
2023 $161,422 $195,901 $179,638 $-34,479
2022 $189,816 $180,886 $192,527 $8,930
2021 $170,027 $144,273 $210,721 $25,754
2020 $167,539 $157,102 $184,790 $10,437
2019 $195,082 $207,415 $179,442 $-12,333
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