AMERICAN LEGION POST 340 (EIN 591789782) - 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

1981

Legal Domicile

Principal Officer

CHARLES PETRO

Phone

8504778094

Tax Period

2024-07-01 to 2025-06-30

AMERICAN LEGION POST 340, founded in 1981, is a small nonprofit that reported $334K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $1.1M represent 40 months of operating reserves.

Mission

SUPPORT AND PROVIDE ASSISTANCE TO VETERANS AND THEIR FAMILIES. SPONSOR THE BOY SCOUTS AND JUNIOR GIRLS UNIT. ACTIVE IN PROVIDING ASSISTANCE TO THE VETERAN'S HOSPITAL.

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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 $26,439

Program Service Revenue $0

Investment Income $7,326

Other Revenue $299,863

TOTAL REVENUE $333,628

Expense Breakdown

Grants Paid $22,497

Salaries & Benefits $72,426

Fundraising Expenses $23,512

Program Expenses $228,513

Other Expenses $232,021

TOTAL EXPENSES $333,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$333,628	$292,287	+0.1%
Expenses	$333,444	$352,078	-0.1%
Net Income	$184	$-59,791	-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

300

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
CHARLES PETRO	COMMANDER	25.00	Director	$0	$0	$0
JAKE HIGGINS	1ST VICE COMMANDER	15.00	Director	$0	$0	$0
MARTHA HARRIS	FINANCE OFFICER	15.00	Director	$0	$0	$0
SKIP FREY	SGT AT ARMS	1.00	Director	$0	$0	$0
JAKE HIGGINS	JUDGE ADVOCATE	1.00	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
2025	$333,628	$333,444	$1,149,762	$184
2024	$292,287	$352,078	$1,137,653	$-59,791
2023	$427,575	$313,927	$1,194,802	$113,648
2022	$480,609	$284,617	$1,079,153	$195,992
2021	$312,686	$263,232	$886,819	$49,454
2020	$203,017	$259,511	$838,286	$-56,494
2019	$303,403	$265,691	$864,777	$37,712

AMERICAN LEGION POST 340