AMERICAN LEGION POST 224 (EIN 570661764) - 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

1953

Legal Domicile

Principal Officer

THOMAS GASKIN

Phone

8649930487

Tax Period

2024-01-01 to 2024-12-31

AMERICAN LEGION POST 224, founded in 1953, is a micro nonprofit that reported $23K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $29K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROMOTE THE SPIRIT OF PATRIOTISM AND PRESERVE THE MEMORIES OF FORMER COMRADES.

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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 $23,442

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $23,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,415

Other Expenses $28,966

TOTAL EXPENSES $28,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,442	$31,162	-0.2%
Expenses	$28,966	$31,597	-0.1%
Net Income	$-5,524	$-435	+11.7%

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

N/A

Volunteers

N/A

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
THOMAS GASKIN	PRESIDENT	5.00	Officer	$0	$0	$0
ROY FREEMAN	OFFICER	1.00	Officer	$0	$0	$0
SAMMY ROBINSON	TREASURER	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
2025	No data	No data	No data	No data
2024	$23,442	$28,966	$87,954	$-5,524
2023	$31,162	$31,597	$98,955	$-435
2022	$25,007	$28,413	$105,158	$-3,406
2021	$25,618	$22,748	$86,425	$2,870
2020	$13,559	$17,350	$83,555	$-3,791
2019	$17,630	$22,782	$89,346	$-5,152
2018	$18,771	$23,959	$94,111	$-5,188

AMERICAN LEGION POST 224