AMERICAN LEGION POST 248 INC (EIN 526076045) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

EDDIE BANKS

Phone

3018943488

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST 248 INC, founded in 1949, is a small nonprofit that reported $405K in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 52% operating margin.

Mission

AMERICAN LEGION VETERANS AND THE LOCAL COMMUNITY THROUGH DONATION TO USO FUND, EPILEPSY FUND AND SPECIAL OLYMPICS OF MD, ROTC HIGH SCHOOL , CHRISTMAS BASQUETS TO THE NEEDY, ADVISING VETERANS ON CURRENT PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,929

Program Service Revenue $0

Investment Income $1,588

Other Revenue $397,034

TOTAL REVENUE $404,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,673

Fundraising Expenses $194,314

Other Expenses $86,641

TOTAL EXPENSES $194,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,551	$205,482	+1.0%
Expenses	$194,314	$185,433	+0.0%
Net Income	$210,237	$20,049	+9.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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
TONY GOODWIN	EXECUTIVE BOARD	1.53	Director	$0	$0	$0
HERMAN HILL	EXECUTIVE BOARD	0.46	Director	$0	$0	$0
STEPHANIE OLCOTT	EXECUTIVE BOARD	0.23	Director	$0	$0	$0
EDDIE BANKS	COMMANDER	17.27	Officer	$0	$0	$0
LANCE GLOVER	PAST COMMANDER	0.00	Officer	$0	$0	$0
JOHN BROOKS	FIRST VICE COMMANDER	5.15	Officer	$0	$0	$0
MICHAEL MITCHELL	SECOND VICE COMMANDER	12.00	Officer	$0	$0	$0
JAMES MARSHALL	ADJUTANT	0.19	Officer	$0	$0	$0
RON GARY	JUDGE ADVOCATE	0.38	Officer	$0	$0	$0
BRIAN WYGLE	FINANCE OFFICER	17.88	Officer	$0	$0	$0
RENEE WALKER	CHAPLAIN	0.40	Officer	$0	$0	$0
BOB KENNEDY	HISTORIAN	0.12	Officer	$0	$0	$0
PHIL JARRETT	SERVICE OFFICER	4.02	Officer	$0	$0	$0
KEN TURNER	SGT-AT-ARMS	0.29	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
2024	$404,551	$194,314	$8,869	$210,237
2023	$205,482	$185,433	$2,061	$20,049
2022	$147,230	$151,455	$5,148	$-4,225
2021	$143,354	$97,616	$9,160	$45,738
2020	$70,703	$93,447	$2,909	$-22,744
2019	$203,005	$225,380	$10,112	$-22,375
2018	$211,628	$129,561	No data	$82,067

AMERICAN LEGION POST 248 INC