LEGION-AIRES DRUM AND BUGLE CORPS

EIN: 421057444 501(c)(3) Arts, Culture & Humanities

DUBUQUE, IA

Total Revenue
$2,336,860
Total Expenses
$2,330,818
Total Assets
$1,489,149
Net Assets
$1,242,525
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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
1963
Legal Domicile
IA
Principal Officer
JEFF MACFARLANE
Phone
5635824872
Tax Period
2024-10-01 to 2025-09-30

LEGION-AIRES DRUM AND BUGLE CORPS, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO USE MUSIC AND EXCELLENCE TO TEACH EACH OTHER ABOUT SUCCESS IN LIFE.

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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 $376,910
Program Service Revenue $1,706,513
Investment Income $28,164
Other Revenue $225,273
TOTAL REVENUE $2,336,860

Expense Breakdown

Grants Paid $0
Salaries & Benefits $365,438
Fundraising Expenses $92,763
Program Expenses $2,051,883
Other Expenses $1,965,380
TOTAL EXPENSES $2,330,818

Year-over-Year Comparison

2024 2023 Change
Revenue $2,336,860 $2,134,510 +0.1%
Expenses $2,330,818 $2,200,939 +0.1%
Net Income $6,042 $-66,429 -1.1%
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
19
Independent Members
19
Employees
7
Volunteers
125

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
5
$90,989
Total Directors
20
$90,989
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHI ROBERTS PAST PRESIDENT 3.00
Director
$0 $0 $0
MATTHEW BLASER DIRECTOR 1.00
Director
$0 $0 $0
JOHN LEFEBER TREASURER 3.00
Officer Director
$0 $0 $0
ELIJAH ELMSHAEUSER SECRETARY 3.00
Officer Director
$0 $0 $0
JIM JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
MATT CHAMBLESS DIRECTOR 1.00
Director
$0 $0 $0
JEFF MACFARLANE EXECUTIVE DIRECTOR 45.00
Officer Director
$72,850 $18,139 $90,989
CALEB BERGER DIRECTOR 1.00
Director
$0 $0 $0
GREG BLUM DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER BROGHAMMER DIRECTOR 1.00
Director
$0 $0 $0
KEN DRISCOLL PRESIDENT 3.00
Officer Director
$0 $0 $0
LUIS FISHER DIRECTOR 1.00
Director
$0 $0 $0
MATT LATHROP DIRECTOR 1.00
Director
$0 $0 $0
STEVE LAHOOD VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
FRANKIE MA DIRECTOR 1.00
Director
$0 $0 $0
GINGER SWIRE-CLARK DIRECTOR 1.00
Director
$0 $0 $0
HON JAMES J MILLER JR DIRECTOR 1.00
Director
$0 $0 $0
LEANN SPLITTER DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH VON ALLMEN DIRECTOR 1.00
Director
$0 $0 $0
GERI NEDERHOFF BOOSTER CLUB PRESIDENT 3.00
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 $2,336,860 $2,330,818 $1,489,149 $6,042
2024 $2,134,510 $2,200,939 $1,581,550 $-66,429
2023 $2,026,912 $2,181,108 $1,540,725 $-154,196
2022 $1,872,941 $1,924,782 $1,675,907 $-51,841
2021 $1,791,743 $1,065,511 $1,759,466 $726,232
2020 $680,785 $675,097 $1,282,489 $5,688
2019 $1,650,924 $1,546,210 $1,117,704 $104,714
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