Sykesville American Legion 223 (EIN 526077889) - 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

1947

Legal Domicile

Principal Officer

Mark Milby

Phone

4107957242

Tax Period

2024-01-01 to 2024-12-31

Sykesville American Legion 223, founded in 1947, is a small nonprofit that reported $333K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $366K exceeded revenue, resulting in a 10% operating deficit.

Mission

Military veteran benefits and community.

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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 $53,269

Program Service Revenue $0

Investment Income $11,847

Other Revenue $267,834

TOTAL REVENUE $332,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,829

Fundraising Expenses $0

Program Expenses $269,275

Other Expenses $254,616

TOTAL EXPENSES $366,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,950	$292,878	+0.1%
Expenses	$366,445	$397,394	-0.1%
Net Income	$-33,495	$-104,516	-0.7%

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

500

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
Themis Smyrnioudis	Commander	15.00	Officer	$0	$0	$0
Matthew Livesay	Adjutant/Histor	5.00	Officer	$0	$0	$0
Mark Frantzen	1st VP Command	5.00	Officer	$0	$0	$0
Bruce Whitlock	2nd VP Command	3.00	Officer	$0	$0	$0
John Schamber	Chaplain	1.00	Officer	$0	$0	$0
Mark Milby	Finance Offcr	15.00	Officer	$0	$0	$0
Troy Summers	Asst Finance/Tr	3.00	Officer	$0	$0	$0
David Schwark	Resource Offcr	2.00	Officer	$0	$0	$0
Paul Wimberly	Sgt at Arms	2.00	Officer	$0	$0	$0
Brent Barnes	Judge Advocate	1.00	Officer	$0	$0	$0
John Johnson	Sr Color Guard	1.00	Officer	$0	$0	$0
Zane Walker	D.E.C Rep	2.00	Officer	$0	$0	$0
John Ridgely	Trustee	1.00	Officer	$0	$0	$0
Todd Yatsko	Trustee	1.00	Officer	$0	$0	$0
Glenn Cartaxo	Trustee	1.00	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
2024	$332,950	$366,445	$725,728	$-33,495
2023	$292,878	$397,394	$656,899	$-104,516
2022	$307,649	$366,251	$760,632	$-58,602
2021	$355,564	$284,906	$854,279	$70,658
2020	$207,009	$208,847	$771,072	$-1,838
2019	$333,409	$376,440	$761,450	$-43,031
2018	$351,121	$425,840	$805,564	$-74,719

Sykesville American Legion 223