AMERICAN LEGION POST # 331 - SOUTH OMAHA (EIN 470090940) - 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

1919

Legal Domicile

Principal Officer

LYNN BERGMAN

Phone

4027315185

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST # 331 - SOUTH OMAHA, founded in 1919, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 725% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 91% operating margin.

Mission

AMERICAN LEGION POST

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,348,262

Other Revenue $95,586

TOTAL REVENUE $1,443,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,652

Fundraising Expenses $0

Other Expenses $89,842

TOTAL EXPENSES $123,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,443,848	$175,015	+7.2%
Expenses	$123,494	$174,598	-0.3%
Net Income	$1,320,354	$417	+3165.3%

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

303

Independent Members

N/A

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
LYNN BERGMAN	COMMANDER	5.00	Officer Director	$0	$0	$0
TERRI FRANK DURHAM	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
CHUCK GILMORE	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
VACANT	1ST VICE COMMANDER	0.00	Director	$0	$0	$0
VACANT	2ND VICE COMMANDER	0.00	Director	$0	$0	$0
VACANT	3RD VICE COMMANDER	0.00	Director	$0	$0	$0
RICK KLINGER	ADJUTANT	0.00	Officer Director	$0	$0	$0
GENE SEMPEK	SERGEANT-AT-ARMS	0.00	Officer Director	$0	$0	$0
FRANK DURHAM	CHAPLAIN	0.00	Officer Director	$0	$0	$0
GARY ROTH	EXECUTIVE COMMITTEE	0.00	Officer Director	$0	$0	$0
TERRY JONES	TREASURER/FINANCE OFFICER	3.00	Officer Director	$0	$0	$0
MARK DRIER	PAST COMMANDER	0.00	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	$1,443,848	$123,494	$1,587,218	$1,320,354
2023	$175,015	$174,598	$271,793	$417
2022	$177,606	$171,923	$271,080	$5,683
2021	$171,034	$157,490	$265,880	$13,544
2020	$148,280	$142,610	$250,706	$5,670

AMERICAN LEGION POST # 331 - SOUTH OMAHA