AMERICAN LEGION #16 STANLEY COCHRANE

EIN: 520701347

CRISFIELD, MD

Total Revenue
$264,095
Total Expenses
$315,408
Total Assets
$313,987
Net Assets
$313,987
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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
1947
Legal Domicile
MD
Principal Officer
TOM BUFORD
Phone
4107135317
Tax Period
2024-01-01 to 2024-12-31

AMERICAN LEGION #16 STANLEY COCHRANE, founded in 1947, is a small nonprofit that reported $264K in total revenue in fiscal year 2024. Expenses of $315K exceeded revenue, resulting in a 19% operating deficit.

Mission

OPERATION OF THE AMERICAN LEGION POST FOR CHARITABLE PURPOSES. HELP MEET OBLIGATIONS TO NEEDY MEMBERS OF THE POST. PROVIDE CHARITABLE CONTRIBUTIONS TO LOCAL ORGANIZATIONS.

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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 $39,172
Program Service Revenue $0
Investment Income $0
Other Revenue $224,923
TOTAL REVENUE $264,095

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,390
Fundraising Expenses $0
Other Expenses $296,018
TOTAL EXPENSES $315,408

Year-over-Year Comparison

2024 2023 Change
Revenue $264,095 $-9,352 -29.2%
Expenses $315,408 $134,719 +1.3%
Net Income $-51,313 $-144,071 -0.6%
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

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Governance

Voting Members
310
Independent Members
310
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD WATERS COMMANDER 15.00
Officer
$0 $0 $0
BOBBY STUBBS 1ST VICE 10.00
Officer
$0 $0 $0
TODD CHAMBERLIN 2ND VICE 10.00
Officer
$0 $0 $0
ADJUTANT TERRY PEHAN 10.00
Officer
$0 $0 $0
TOM BUFORD TREASURER N/A
$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 $264,095 $315,408 $313,987 $-51,313
2023 $-9,352 $134,719 $365,300 $-144,071
2022 $100,962 $307,954 $507,996 $-206,992
2021 $297,700 $295,621 $751,387 $2,079
2020 $194,580 $176,321 $748,947 $18,259
2019 $212,663 $250,619 $736,175 $-37,956
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