American Legion Post 55

EIN: 620929685

Martin, TN

Total Revenue
$220,741
Total Expenses
$178,965
Total Assets
$122,215
Net Assets
$17,676
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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
1945
Legal Domicile
TN
Principal Officer
Tonya Launsby
Phone
7315874886
Tax Period
2024-07-01 to 2025-06-30

American Legion Post 55, founded in 1945, is a small nonprofit that reported $221K in total revenue in fiscal year 2024. The organization ran a surplus of $42K, a strong 19% operating margin.

Mission

Social Fraternal Organization

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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 $0
Other Revenue $220,741
TOTAL REVENUE $220,741

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,200
Fundraising Expenses $0
Other Expenses $126,765
TOTAL EXPENSES $178,965

Year-over-Year Comparison

2024 2023 Change
Revenue $220,741 N/A N/A
Expenses $178,965 N/A N/A
Net Income $41,776 $0 N/A
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
5
Independent Members
5
Employees
N/A
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elton Wilkerson Vice Commander 0.00
Officer
$0 $0 $0
Tonya Launsby Commander 0.00
Officer
$0 $0 $0
Jean Launsby Post Adjutant 0.00
Officer
$0 $0 $0
Wayne Launsby Chaplain 0.00
Officer
$0 $0 $0
Lexie Erwin Sgt at Arms 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
2025 $220,741 $178,965 $122,215 $41,776
2024 $213,721 $224,366 $27,946 $-10,645
2023 $204,691 $201,894 $42,966 $2,797
2022 $139,433 $153,892 $44,393 $-14,459
2021 $120,481 $121,997 $24,716 $-1,516
2020 $131,622 $126,180 $30,928 $5,442
2019 $146,022 $163,956 $31,689 $-17,934
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