Department Of Maine Veterans Of Foreign Wars Of The United States

Maine VFW Chapter Shows Consistent Financial Growth and Zero Officer Compensation Over a Decade.

EIN: 10191822 · Rumford, ME · Updated: 2026-03-28

$341KRevenue

$728KAssets

92/100Mission Score (Excellent)

About Department Of Maine Veterans Of Foreign Wars Of The United States

Department Of Maine Veterans Of Foreign Wars Of The United States (EIN: 10191822) is a nonprofit organization based in Rumford, ME. The organization reported total revenue of $341K and total assets of $728K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Department Of Maine Veterans Of Foreign Wars Of The United States's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Department Of Maine Veterans Of Foreign Wars Of The United States demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. Over the past decade, the organization has shown steady growth in assets, increasing from $400,039 in 2014 to $724,168 in 2023. This indicates effective financial management and accumulation of resources. The organization consistently operates with a surplus, as evidenced by revenues generally exceeding expenses across all reported periods, such as $346,729 in revenue against $330,202 in expenses in 2023.

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all filings, suggesting that leadership is volunteer-based or compensated through other means not categorized as officer compensation. This significantly reduces administrative overhead. The organization's liabilities have been consistently low or zero, indicating a strong balance sheet and minimal debt burden, with the exception of $28,500 in liabilities in 2020.

Transparency is high due to the availability of 10 years of IRS 990 filings, providing a comprehensive view of its financial history. The absence of reported officer compensation is a notable positive for efficiency and resource allocation directly to its mission. The consistent surpluses and asset growth suggest a well-managed and financially prudent organization dedicated to its stated purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Department Of Maine Veterans Of Foreign Wars Of The United States with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Department Of Maine Veterans Of Foreign Wars Of The United States allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all ten years of filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer categories, which is highly efficient for an organization with annual revenues around $300,000-$380,000.

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 Department Of Maine Veterans Of Foreign Wars Of The United States's IRS 990 filings:

NTEE Code is unknown, which could make it harder to benchmark against similar organizations.

Strengths

The following positive indicators were identified for Department Of Maine Veterans Of Foreign Wars Of The United States:

Consistent asset growth, from $400,039 in 2014 to $724,168 in 2023.
Zero reported officer compensation across all ten years of filings, indicating high efficiency.
Consistent operational surpluses, with revenues generally exceeding expenses annually.
Very low to zero liabilities, demonstrating strong financial stability.
Extensive filing history (10 years) provides excellent transparency and historical data.

Frequently Asked Questions about Department Of Maine Veterans Of Foreign Wars Of The United States

Is Department Of Maine Veterans Of Foreign Wars Of The United States a good charity?

Based on its financial data, the Department Of Maine Veterans Of Foreign Wars Of The United States appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, indicating high efficiency and dedication of resources to its mission.

How has the organization's financial health changed over the last decade?

The organization's financial health has steadily improved over the last decade, with assets growing from $400,039 in 2014 to $724,168 in 2023, and consistent revenue generation exceeding expenses.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation across all ten years of filings, suggesting a volunteer-driven leadership model or compensation structure that minimizes executive pay as a direct expense.

Filing History

IRS 990 filing history for Department Of Maine Veterans Of Foreign Wars Of The United States showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2014–2023), Department Of Maine Veterans Of Foreign Wars Of The United States's revenue has declined by 6.4%, moving from $371K to $347K. Total assets increased by 81% over the same period, from $400K to $724K. Total functional expenses rose by 15.6%, from $286K to $330K. In its most recent filing year (2023), Department Of Maine Veterans Of Foreign Wars Of The United States reported a surplus of $17K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$347K	$330K	$724K	$0	—	View 990
2022	$283K	$257K	$708K	$0	—	View 990
2021	$320K	$297K	$681K	$0	—	View 990
2020	$311K	$278K	$687K	$29K	—	—
2019	$383K	$322K	$626K	$0	—	View 990
2018	$389K	$327K	$565K	$0	—	View 990
2017	$365K	$337K	$504K	$0	—	View 990
2016	$377K	$345K	$476K	$0	—	View 990
2015	$346K	$301K	$445K	$0	—	View 990
2014	$371K	$286K	$400K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $347K, expenses of $330K, and assets of $724K (revenue +22.3% year-over-year).
2022: Revenue of $283K, expenses of $257K, and assets of $708K (revenue -11.3% year-over-year).
2021: Revenue of $320K, expenses of $297K, and assets of $681K (revenue +2.7% year-over-year).
2020: Revenue of $311K, expenses of $278K, and assets of $687K (revenue -18.8% year-over-year).
2019: Revenue of $383K, expenses of $322K, and assets of $626K (revenue -1.6% year-over-year).
2018: Revenue of $389K, expenses of $327K, and assets of $565K (revenue +6.8% year-over-year).
2017: Revenue of $365K, expenses of $337K, and assets of $504K (revenue -3.2% year-over-year).
2016: Revenue of $377K, expenses of $345K, and assets of $476K (revenue +8.9% year-over-year).
2015: Revenue of $346K, expenses of $301K, and assets of $445K (revenue -6.7% year-over-year).
2014: Revenue of $371K, expenses of $286K, and assets of $400K.

Data Sources and Methodology

This transparency report for Department Of Maine Veterans Of Foreign Wars Of The United States 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.