AMERICAN LEGION POST 359 (EIN 440514520) - 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

1946

Legal Domicile

Principal Officer

JEROME GOOLSBY

Phone

8162322335

Tax Period

2023-08-01 to 2024-07-31

AMERICAN LEGION POST 359, founded in 1946, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Net assets of $299K represent 161 months of operating reserves.

Mission

ORGANIZATION OF PAST AND PRESENT MEMBERS OF THE US ARMED FORCES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,824

Program Service Revenue $0

Investment Income $10,435

Other Revenue $0

TOTAL REVENUE $22,259

Expense Breakdown

Grants Paid $6,450

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,042

Other Expenses $17,426

TOTAL EXPENSES $23,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,259	$136,106	-0.8%
Expenses	$23,876	$142,019	-0.8%
Net Income	$-1,617	$-5,913	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNY BRYSON	TRUSTEE	N/A	Director	$0	$0	$0
JEROME GOOLSBY	COMMANDER	N/A	Officer Director	$0	$0	$0
KEITH JONES	TRUSTEE	N/A	Director	$0	$0	$0
JIM LADEROUTE	VICE COMMAND	N/A	Officer Director	$0	$0	$0
ROGER MILLER	2ND VICE COM	N/A	Officer Director	$0	$0	$0
JOHN ROCK	TRUSTEE	N/A	Officer Director	$0	$0	$0
JIM WILLIAMS	FINANCE OFFF	N/A	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	$22,259	$23,876	$299,152	$-1,617
2023	$136,106	$142,019	$300,769	$-5,913
2022	$216,890	$248,634	$345,883	$-31,744
2021	$227,077	$221,589	$370,699	$5,488
2020	$140,179	$167,723	$352,785	$-27,544
2019	$219,927	$237,847	$405,604	$-17,920

AMERICAN LEGION POST 359