AMERICAN LEGION POST 62 SIMPSON (EIN 610430010) - 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

1960

Legal Domicile

Principal Officer

LONZIE FERGUSON

Phone

2705869145

Tax Period

2023-01-01 to 2023-12-31

AMERICAN LEGION POST 62 SIMPSON, founded in 1960, is a small nonprofit that reported $320K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $214K, a strong 67% operating margin.

Mission

TO PROVICE A SUPPORT ASSOCIATION FOR AMERICAS MILITARY VETERANS AND TO OFFER BENEVOLENT PROGRAMS IN THE COMMUNITY OF FRANKLIN AND SIMPSON COUNTY KENTUCKY

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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 $50,880

Program Service Revenue $0

Investment Income $0

Other Revenue $268,783

TOTAL REVENUE $319,663

Expense Breakdown

Grants Paid $48,502

Salaries & Benefits $35,500

Fundraising Expenses $0

Program Expenses $91,195

Other Expenses $9,908

TOTAL EXPENSES $105,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,663	$515,206	-0.4%
Expenses	$105,468	$227,136	-0.5%
Net Income	$214,195	$288,070	-0.3%

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

220

Independent Members

220

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
LONZIE FERGUSON	COMMANDER	040.00	Officer Director	$0	$0	$0
JOHN MINNICKS	1ST VICE CMDR	001.00	Officer Director	$0	$0	$0
JOHN MASTERS	3RD VICE CMDR	001.00	Officer Director	$0	$0	$0
JAMES QUITTER	SGT AT ARMS	001.00	Officer Director	$0	$0	$0
GENE STARKS	ADJUTANT	001.00	Officer Director	$0	$0	$0
MAJOR BRADFORD	HISTORIAN	001.00	Officer Director	$0	$0	$0
TODD CRAFTON	2ND VICE CMDR	001.00	Officer Director	$0	$0	$0
JOE PHILLIPS	TREASURER/CHAPLIN	003.00	Officer Director	$0	$0	$0
PHILLIP RIGG	SERVICE OFFICER	001.00	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	No data	No data	No data	No data
2023	$319,663	$105,468	$2,799,805	$214,195
2022	$515,206	$227,136	$2,758,200	$288,070
2021	$546,331	$156,011	$2,323,772	$390,320
2020	$247,528	$107,065	$1,020,946	$140,463
2019	$92,527	$201,961	$491,053	$-109,434
2018	$139,527	$93,678	$300,487	$45,849
2017	$132,729	$152,377	$207,142	$-19,648

AMERICAN LEGION POST 62 SIMPSON