Corey E Garver Post 202 The American Legion

American Legion Post 202 frequently spends more than it earns, relying on volunteer leadership.

EIN: 16036492 · Topsham, ME · Updated: 2026-03-28

$377KRevenue

$54KAssets

70/100Mission Score (Good)

About Corey E Garver Post 202 The American Legion

Corey E Garver Post 202 The American Legion (EIN: 16036492) is a nonprofit organization based in Topsham, ME. The organization reported total revenue of $377K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corey E Garver Post 202 The American Legion's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Corey E Garver Post 202 The American Legion demonstrates a fluctuating financial performance over the past decade, with recent filings showing a trend of expenses exceeding revenue. For instance, in the 202404 period, expenses were $159,501 against revenues of $141,545, and similarly in 202212, expenses were $167,148 compared to $166,947 in revenue. This consistent deficit spending, while not always severe, suggests a need for careful financial management to ensure long-term sustainability. The organization's assets have also varied, from a low of $28,901 in 201804 to a high of $95,023 in 202404, indicating some volatility in its financial position. 

The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of volunteer-driven leadership and efficient use of funds in that area. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The absence of reported liabilities in most recent periods is a positive sign of financial health. Transparency is generally good through its consistent 990 filings, but more granular expense data would enhance a complete understanding of its operational efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Corey E Garver Post 202 The American Legion with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Corey E Garver Post 202 The American Legion allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating a fully volunteer-led executive structure, which is highly efficient for a nonprofit of this size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Corey E Garver Post 202 The American Legion's IRS 990 filings:

Consistent deficit spending in recent periods (e.g., 202404, 202212)
Fluctuating revenue and asset base over the past decade

Strengths

The following positive indicators were identified for Corey E Garver Post 202 The American Legion:

Zero officer compensation, indicating volunteer leadership
Generally low or no reported liabilities in most recent filings
Consistent filing of IRS Form 990s, demonstrating transparency

Frequently Asked Questions about Corey E Garver Post 202 The American Legion

Is Corey E Garver Post 202 The American Legion financially stable?

The organization has experienced periods where expenses exceeded revenue, such as in 202404 ($159,501 expenses vs. $141,545 revenue) and 202212 ($167,148 expenses vs. $166,947 revenue), suggesting potential challenges to long-term financial stability if this trend continues without significant asset reserves.

How does the organization manage its leadership costs?

Corey E Garver Post 202 The American Legion reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based, which is a highly cost-effective approach.

What is the trend in the organization's assets?

Assets have fluctuated significantly, from a low of $28,901 in 201804 to a high of $95,023 in 202404, showing variability in its financial reserves over time.

Filing History

IRS 990 filing history for Corey E Garver Post 202 The American Legion showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2024), Corey E Garver Post 202 The American Legion's revenue has declined by 6.5%, moving from $151K to $142K. Total assets increased by 29.6% over the same period, from $73K to $95K. Total functional expenses fell by 8.7%, from $175K to $160K. In its most recent filing year (2024), Corey E Garver Post 202 The American Legion reported a deficit of $18K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$142K	$160K	$95K	$0	—	—
2022	$167K	$167K	$41K	$0	—	View 990
2022	$187K	$145K	$57K	$0	—	View 990
2021	$120K	$93K	$33K	$0	—	View 990
2020	$37K	$68K	$42K	$0	—	—
2019	$23K	$75K	$31K	$0	—	View 990
2018	$50K	$92K	$29K	$12K	—	View 990
2014	$138K	$147K	$44K	$0	—	View 990
2013	$154K	$162K	$53K	$0	—	View 990
2012	$156K	$169K	$61K	$0	—	View 990
2011	$151K	$175K	$73K	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $142K, expenses of $160K, and assets of $95K (revenue -15.2% year-over-year).
2022: Revenue of $167K, expenses of $167K, and assets of $41K (revenue -10.9% year-over-year).
2022: Revenue of $187K, expenses of $145K, and assets of $57K (revenue +56.5% year-over-year).
2021: Revenue of $120K, expenses of $93K, and assets of $33K (revenue +220.5% year-over-year).
2020: Revenue of $37K, expenses of $68K, and assets of $42K (revenue +63.1% year-over-year).
2019: Revenue of $23K, expenses of $75K, and assets of $31K (revenue -54.1% year-over-year).
2018: Revenue of $50K, expenses of $92K, and assets of $29K (revenue -63.9% year-over-year).
2014: Revenue of $138K, expenses of $147K, and assets of $44K (revenue -10.3% year-over-year).
2013: Revenue of $154K, expenses of $162K, and assets of $53K (revenue -1.2% year-over-year).
2012: Revenue of $156K, expenses of $169K, and assets of $61K (revenue +2.9% year-over-year).
2011: Revenue of $151K, expenses of $175K, and assets of $73K.

Data Sources and Methodology

This transparency report for Corey E Garver Post 202 The American Legion is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.