American Legion - Worsham Post #40 (EIN 610388445) - 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

1940

Legal Domicile

Principal Officer

JIM HANLEY

Phone

2708278827

Tax Period

2024-01-01 to 2024-12-31

American Legion - Worsham Post #40, founded in 1940, is a small nonprofit that reported $511K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 21% operating margin.

Mission

To Promote fellowship and comradery among past and present members of the armed forces of the united states

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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 $1,890

Program Service Revenue $267,050

Investment Income $496

Other Revenue $241,332

TOTAL REVENUE $510,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,019

Fundraising Expenses $0

Other Expenses $299,385

TOTAL EXPENSES $405,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,768	$394,773	+0.3%
Expenses	$405,404	$398,676	+0.0%
Net Income	$105,364	$-3,903	-28.0%

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
Jim Hanley	Post Command	5.00	Officer Director	$0	$0	$0
JAMES HANLEY	1st Vice Command	1.00	Officer Director	$0	$0	$0
JOHN HURST	2nd vice command	1.00	Officer Director	$0	$0	$0
JEFF OLIVER	Adjutant	1.00	Officer Director	$0	$0	$0
JAMES BOLERJACK	Finance Officer	1.00	Officer Director	$0	$0	$0
RAY FARMER	Historian	1.00	Officer Director	$0	$0	$0
JOEL EDWARDS	Service Officer	1.00	Officer Director	$0	$0	$0
Kenneth Hailman	Post Chaplain	1.00	Officer Director	$0	$0	$0
Thomas O Ganno	Judge advocate	1.00	Officer Director	$0	$0	$0
Donald E Banks	youth office	1.00	Officer Director	$0	$0	$0
AUBREY WILLIAMS	Sergeant at arms	1.00	Officer Director	$0	$0	$0
DELBERT MABE	CEO	1.00	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	$510,768	$405,404	$571,374	$105,364
2023	$394,773	$398,676	$444,665	$-3,903
2022	$354,615	$345,999	$448,568	$8,616
2021	$325,483	$296,070	$439,952	$29,413
2020	$233,612	$219,803	$410,539	$13,809
2019	$374,675	$286,729	$438,092	$87,946
2018	$275,791	$270,803	$334,547	$4,988

American Legion - Worsham Post #40