Is American Legion Legit?

The American Legion in Trenton, ME, demonstrates a concerning trend in its financial health. While its latest reported revenue for 2017 was $28,924, this represents a significant decline from $92,730 in 2012. Expenses have also decreased, from $113,032 in 2012 to $23,835 in 2017, but the organization has frequently operated at a deficit, with expenses exceeding revenue in four of the six reported periods. For instance, in 2016, expenses of $36,577 significantly outstripped revenue of $19,034. The organization's assets have steadily declined from $330,840 in 2012 to $233,357 in 2017, while liabilities have remained substantial, ranging from $100,273 to $122,500. This indicates a weakening financial position. The lack of reported officer compensation across all periods suggests either a fully volunteer-run leadership or that compensation falls below reporting thresholds, which can be a positive for efficiency but doesn't fully offset the broader financial challenges. Without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess spending efficiency, but the consistent operating deficits are a major concern for long-term sustainability.