AMERICAN LEGION POST 374

EIN: 476033738 Public & Societal Benefit

OMAHA, NE

Total Revenue
$159,122
Total Expenses
$141,102
Total Assets
$382,377
Net Assets
$382,377
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
NE
Principal Officer
ERIC PETERSON
Phone
4028951324
Tax Period
2024-07-01 to 2025-06-30

AMERICAN LEGION POST 374, founded in 1958, is a small nonprofit in the Public & Societal Benefit sector that reported $159K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $141K left a modest 11% surplus.

Mission

WE ARE A PATRIOTIC VETERANS ORGANIZATION DEVOTED TO MUTUAL HELPFULNESSCOMMITTED TO MENTORING YOUTH AND SPONSORSHIP OF WHOLESOME PROGRAMS INOUR COMMUNITY, ADVOCATING PATRIOTISM AND HONOR, AND DEOTION TO SERVICE

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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 $14,588
Program Service Revenue $0
Investment Income $2,436
Other Revenue $142,098
TOTAL REVENUE $159,122

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,503
Fundraising Expenses $0
Program Expenses $73,518
Other Expenses $82,599
TOTAL EXPENSES $141,102

Year-over-Year Comparison

2024 2023 Change
Revenue $159,122 $256,205 -0.4%
Expenses $141,102 $238,205 -0.4%
Net Income $18,020 $18,000 +0.0%
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
6
Independent Members
6
Employees
2
Volunteers
60

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC PETERSON COMMANDER 3.00
Officer Director
$0 $0 $0
MATT SCHNABEL 1ST VICE COMMANDER 5.00
Officer
$0 $0 $0
MARK GADZALA 2ND VICE COMMANDER 3.00
Officer
$0 $0 $0
MARTY TIMBERLAKE ADJUTANT 15.00
Officer
$0 $0 $0
LYLE KRUEGER FINANCE OFFICER 3.00
Officer
$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 $159,122 $141,102 $382,377 $18,020
2021 $232,254 $223,557 $359,845 $8,697
2020 $225,099 $240,128 $357,446 $-15,029
2019 $261,545 $239,903 $364,031 $21,642
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