AMERICAN LEGION 184 GEORGE K GANNAM INC (EIN 580529247) - 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

1946

Legal Domicile

Principal Officer

MIKE DITOMASSO

Phone

9129257480

Tax Period

2023-08-01 to 2024-07-31

AMERICAN LEGION 184 GEORGE K GANNAM INC, founded in 1946, is a small nonprofit that reported $328K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE PROGRAMS, SOCIAL AND RECREATION FOR VETERANS AND THEIR FAMILIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,154

Program Service Revenue $0

Investment Income $103

Other Revenue $308,700

TOTAL REVENUE $327,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,743

Fundraising Expenses $0

Other Expenses $212,976

TOTAL EXPENSES $327,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,957	$460,605	-0.3%
Expenses	$327,719	$377,536	-0.1%
Net Income	$238	$83,069	-1.0%

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

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
MIKE DITOMASSO	POST COMMAND	2.00	Officer Director	$0	$0	$0
LANCE FARGO	SR. VICE CO	2.00	Officer Director	$0	$0	$0
WILLIE STAMPER	JR VICE COMM	2.00	Officer Director	$0	$0	$0
LEON LEACH	FINANCE OFFI	2.00	Officer Director	$0	$0	$0
CHARLES BLACK	POST ADJUNTA	2.00	Officer Director	$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	$327,957	$327,719	$624,715	$238
2023	$460,605	$377,536	$624,488	$83,069
2022	$320,134	$248,214	$543,418	$71,920
2021	$245,325	$186,481	$471,770	$58,844
2020	$241,886	$176,496	$416,208	$65,390
2019	$208,019	$199,266	$346,539	$8,753
2018	$177,826	$183,148	$338,016	$-5,322

AMERICAN LEGION 184 GEORGE K GANNAM INC