Is American Legion Post 0197 Westbrook Memorial Legit?

American Legion Post 0197 Westbrook Memorial demonstrates a consistent financial operation, with revenues and expenses fluctuating over the past decade. The organization's latest filing (202206) shows revenue of $141,258 against expenses of $154,869, indicating a slight deficit for that period. However, the prior year (202106) saw a surplus with $177,226 in revenue and $117,240 in expenses. Total assets have remained relatively stable, with $147,621 in 2022 and $160,613 in 2021, and no reported liabilities in the most recent filing, which is a positive indicator of financial stability. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership structure, enhancing efficiency and ensuring more funds are available for programs. The organization's financial health appears sound, with a history of managing its resources effectively. While there are periods of deficit, these are often balanced by periods of surplus, demonstrating a cyclical financial pattern common for membership-based organizations. The consistent reporting of zero officer compensation is a significant strength, indicating a high degree of spending efficiency by minimizing overhead related to executive salaries. Transparency is good, with 11 filings available, showing a clear history of financial activity.