THE AMERICAN LEGION 578

EIN: 760298776

HOUSTON, TX

Total Revenue
$111,762
Total Expenses
$141,370
Total Assets
$388,159
Net Assets
$388,159
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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
1988
Legal Domicile
TX
Phone
2818064422
Tax Period
2020-01-01 to 2020-12-31

THE AMERICAN LEGION 578, founded in 1988, is a small nonprofit that reported $112K in total revenue in fiscal year 2020. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $141K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO CONTINUE SERVICE TO THE COMMUNITY STATE AND NATION _ CHILDREN AND_ YOUTH _PROGRAMS -PROMOTE 100% D AMERCANISIM

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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 (2020)

Revenue Breakdown

Contributions & Grants $741
Program Service Revenue $0
Investment Income $25
Other Revenue $110,996
TOTAL REVENUE $111,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $141,370
Other Expenses $141,370
TOTAL EXPENSES $141,370

Year-over-Year Comparison

2020 2019 Change
Revenue $111,762 $299,655 -0.6%
Expenses $141,370 $294,693 -0.5%
Net Income $-29,608 $4,962 -7.0%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
7

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
N/A FINANCE OFFICER 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
2020 $111,762 $141,370 $388,159 $-29,608
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