AMERICAN LEGION POST 498

EIN: 746091231 Public & Societal Benefit

PORT ISABEL, TX

Total Revenue
$177,975
Total Expenses
$213,246
Total Assets
$121,218
Net Assets
$117,579
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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
1947
Legal Domicile
TX
Principal Officer
PHILIP ROSENLUND
Phone
9569433666
Tax Period
2024-01-01 to 2024-12-31

AMERICAN LEGION POST 498, founded in 1947, is a small nonprofit in the Public & Societal Benefit sector that reported $178K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $213K exceeded revenue, resulting in a 20% operating deficit.

Mission

VETERAN 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 $3,872
Program Service Revenue $172,288
Investment Income $1,815
Other Revenue $0
TOTAL REVENUE $177,975

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,688
Fundraising Expenses $0
Other Expenses $174,558
TOTAL EXPENSES $213,246

Year-over-Year Comparison

2024 2023 Change
Revenue $177,975 $290,521 -0.4%
Expenses $213,246 $246,152 -0.1%
Net Income $-35,271 $44,369 -1.8%
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
1
Independent Members
1
Employees
8
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP ROSENLUND COMMANDER N/A
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 $177,975 $213,246 $121,218 $-35,271
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