AMERICAN LEGION POST 550 (EIN 941059523) - 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

1949

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

AMERICAN LEGION POST 550, founded in 1949, is a micro nonprofit that reported $25K in total revenue in fiscal year 2022. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $74K exceeded revenue, resulting in a 197% operating deficit.

Mission

POST 550 PAST & PRESENT ARMED SERVICE MEMBERS MAKE CHARITABLE GIFTS & HOST EVENTS FOR PAST & PRESENT ARMED SERVICE MEMBERS. BEGINNING JAN 2022, THE AMERICAN LEGION POST 550 BASEBALL TEAM WAS REBORN TO INSTILL A SENSE OF CIVIC PRIDE AND BASEBALL SKILLS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,084

Program Service Revenue $6,696

Investment Income $10,052

Other Revenue $0

TOTAL REVENUE $24,832

Expense Breakdown

Grants Paid $6,094

Salaries & Benefits $7,535

Fundraising Expenses $0

Program Expenses $73,806

Other Expenses $60,202

TOTAL EXPENSES $73,831

Year-over-Year Comparison

	2022	2021	Change
Revenue	$24,832	$13,136	+0.9%
Expenses	$73,831	$64,174	+0.2%
Net Income	$-48,999	$-51,038	0.0%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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
JASPER MCCARGO	CHAPLAIN	5.00	Officer	$0	$0	$0
NORMAN DOSTAL	2ND VICE COMMANDER JR PAST	5.00	Officer	$0	$0	$0
MICHAEL JOHNSON	SERGEANT AT ARMS	5.00	Officer	$0	$0	$0
ROBERT MATTSON	JUDGE ADVOCATE	10.00	Officer	$0	$0	$0
GEORGE FULLER	1ST VICE COMMANDER	5.00	Officer	$0	$0	$0
DENNIS CLEMENTE	COMMANDER CEO	15.00	Officer	$0	$0	$0
ROBERT J J SMITH	FINANCE OFFICER CFO	15.00	Officer	$0	$0	$0
ALVIN BRUCE	ADJUTANT SECRETARY	15.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$24,832	$73,831	$1,523,758	$-48,999
2022	$13,136	$64,174	$1,096,495	$-51,038
2021	$55,316	$100,200	$1,147,333	$-44,884
2020	$81,695	$43,385	$1,192,083	$38,310

AMERICAN LEGION POST 550