AMERICAN LEGION POST 341

EIN: 610993991

LEXINGTON, KY

Total Revenue
$371,056
Total Expenses
$228,181
Total Assets
$779,895
Net Assets
$776,637
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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
KY
Principal Officer
LARRY HANSEN
Phone
8592591105
Tax Period
2024-01-01 to 2024-12-31

AMERICAN LEGION POST 341, founded in 1981, is a small nonprofit that reported $371K in total revenue in fiscal year 2024. The organization ran a surplus of $143K, a strong 39% operating margin.

Mission

TO RENDER SERVICE AND AIDE TO VETERANS AND ACTIVE MILITARY MEMBERS AND THEIR FAMILIES TO SUPPORT AND PROVIDE VOLUNTEER SERVICE TO THE LOCAL VETERANS ADMINISTRATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,869
Other Revenue $367,187
TOTAL REVENUE $371,056

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,627
Fundraising Expenses $0
Other Expenses $125,972
TOTAL EXPENSES $228,181

Year-over-Year Comparison

2024 2023 Change
Revenue $371,056 $371,563 0.0%
Expenses $228,181 $215,968 +0.1%
Net Income $142,875 $155,595 -0.1%
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

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Governance

Voting Members
219
Independent Members
219
Employees
7
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
9
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD STEELE EXEC COMMITTEE 15.00
Officer
$0 $0 $0
DAVID GARRETT VICE COMMANDER 15.00
Officer
$0 $0 $0
LINDA BALDWIN FINANCE OFFICER 0.00
Officer
$0 $0 $0
LARRY HANSEN COMMANDER 20.00
Officer
$0 $0 $0
NATHAN JUROFF JR VICE COMMAND 0.00
Officer
$0 $0 $0
JOHN CURRY SR CHAPLAIN 10.00
Officer
$0 $0 $0
GARY ATHON ADJUNCT 0.00
Officer
$0 $0 $0
MARSHALL BRAY EXEC COMMITTEE 0.00
Officer
$0 $0 $0
JERRY WALLING EXCE COMMITTEE 0.00
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
2024 $371,056 $228,181 $779,895 $142,875
2023 $371,563 $215,968 $637,000 $155,595
2022 $221,616 $158,263 $481,172 $63,353
2021 $294,761 $173,895 $417,702 $120,866
2020 $157,540 $93,440 $295,609 $64,100
2019 $170,107 $132,790 $232,208 $37,317
2018 $141,442 $137,661 $214,542 $3,781
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