IRA COCHRAN POST 82 OF THE AMERICAN LEGION INC (EIN 586050561) - 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

2015

Legal Domicile

Principal Officer

RICHARD HART

Phone

4047753739

Tax Period

2024-01-01 to 2024-12-31

IRA COCHRAN POST 82 OF THE AMERICAN LEGION INC, founded in 2015, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $217K left a modest 10% surplus.

Mission

PROVIDE SUPPORT TO FAMILIES OF MEN & WOMEN SERVING IN THE ARMED FORCES, AS WELL AS NEEDS IN LOCAL 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 $45,927

Program Service Revenue $0

Investment Income $0

Other Revenue $196,329

TOTAL REVENUE $242,256

Expense Breakdown

Grants Paid $14,067

Salaries & Benefits $26,511

Fundraising Expenses $0

Other Expenses $176,641

TOTAL EXPENSES $217,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,256	$376,194	-0.4%
Expenses	$217,219	$343,248	-0.4%
Net Income	$25,037	$32,946	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALT CUSHMAN	COMMANDER	30.00	Officer	$0	$0	$0
VERN TURNER	SR VICE COMMANDER	15.00	Officer	$0	$0	$0
RICHARD STANLEY	JR VICE COMMANDER	6.00	Officer	$0	$0	$0
MARK BRADFORD	JR VICE COMMANDER	1.00	Officer	$0	$0	$0
RICHARD HART	FINANCE OFFICER	30.00	Officer	$0	$0	$0
DAVID CADORETTE	AJDUTANT	20.00	Officer	$0	$0	$0
PAT BUCHANON	JUDGE ADVOCATE	4.00	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	$242,256	$217,219	$104,416	$25,037
2023	$376,194	$343,248	$81,133	$32,946
2022	No data	No data	No data	No data
2021	$250,938	$231,810	$28,855	$19,128
2020	$173,208	$174,996	$11,411	$-1,788
2019	$151,935	$158,250	$18,171	$-6,315
2018	$161,048	$158,773	$18,171	$2,275

IRA COCHRAN POST 82 OF THE AMERICAN LEGION INC