AMERICAN LEGION POST 7 (EIN 566063136) - 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

1939

Legal Domicile

Phone

9196886581

Tax Period

2024-07-01 to 2025-06-30

AMERICAN LEGION POST 7, founded in 1939, is a small nonprofit that reported $183K in total revenue in fiscal year 2024. The organization ran a surplus of $74K, a strong 40% operating margin.

Mission

AMERICAN LEGION POST 7 IS A DIVISION OF THE AMERICAN LEGION OF NORTH CAROLINA AND THE NATIONAL AMERICAN LEGION. THE PURPOSE OF THE AMERICAN LEGION IS TO PROVIDE SERVICES TO THE MEMBERS AND THE COMMUNITY AS A WHOLE, BUT ESPECIALLY TO VETERANS AND THEIR FMILIES.

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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 $33,398

Program Service Revenue $0

Investment Income $5,065

Other Revenue $144,842

TOTAL REVENUE $183,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,900

Fundraising Expenses $0

Program Expenses $12,339

Other Expenses $63,996

TOTAL EXPENSES $109,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,305	$181,951	+0.0%
Expenses	$109,238	$126,836	-0.1%
Net Income	$74,067	$55,115	+0.3%

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

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

$4,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES PREDDY	ADJUTANT	10	Officer	$2,400	$0	$2,400
DOUGLAS BEST	FINANCE OFFICER	10	Officer	$2,400	$0	$2,400
T J MCCORKLE	COMMANDER	10	Officer	$0	$0	$0
RICKY HERRON	VICE-COMMANDER	10	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	$183,305	$109,238	$1,012,926	$74,067
2024	$181,951	$126,836	$938,697	$55,115
2023	$167,587	$134,783	$883,364	$32,804
2022	$124,129	$99,495	$850,611	$24,634
2021	$68,975	$58,754	$825,823	$10,221

AMERICAN LEGION POST 7