AMERICAN LEGION 229 GERTJE VANLITH (EIN 460322497) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

DAVID VAN OVERBEKE

Phone

6058628310

Tax Period

2024-08-01 to 2025-07-31

AMERICAN LEGION 229 GERTJE VANLITH, founded in 1974, is a small nonprofit that reported $164K in total revenue in fiscal year 2018. Net assets of $437K represent 32 months of operating reserves.

Mission

MEETING PLACE FOR VETERANS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,349

Program Service Revenue $0

Investment Income $2,694

Other Revenue $345,480

TOTAL REVENUE $350,523

Expense Breakdown

Grants Paid $1,105

Salaries & Benefits $163,110

Fundraising Expenses $0

Program Expenses $294,486

Other Expenses $130,271

TOTAL EXPENSES $294,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,523	$277,027	+0.3%
Expenses	$294,486	$236,288	+0.2%
Net Income	$56,037	$40,739	+0.4%

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

Governance

Voting Members

Independent Members

Employees

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
DAVE CLOOS	FINANCE OFFICER	10.00	Officer Director	$0	$0	$0
DUGGAN JOHNSON	VICE COMMANDER	0.00	Officer Director	$0	$0	$0
DAVID ELLINGSON	DIRECTOR	0.00	Director	$0	$0	$0
DAVID VAN OVERBEKE	COMMANDER	0.00	Officer Director	$0	$0	$0
TOM SCOBLIC	ADJUTANT	0.00	Officer Director	$0	$0	$0
ROGER SEMRAU	DIRECTOR	0.00	Director	$0	$0	$0
JARROD STODDARD	DIRECTOR	0.00	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	$350,523	$294,486	$543,590	$56,037
2024	$277,027	$236,288	$487,553	$40,739
2023	$224,219	$249,458	$434,078	$-25,239
2022	$214,475	$220,855	$449,346	$-6,380
2021	$205,603	$185,311	$455,726	$20,292
2020	$179,622	$181,069	$435,434	$-1,447
2019	$163,917	$163,049	$436,881	$868

AMERICAN LEGION 229 GERTJE VANLITH