Sacos Effort To Remember Its Veterans
Sacos Effort To Remember Its Veterans: Declining Assets, Minimal Program Spending
EIN: 222761129 · Saco, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $174 |
| Net Assets | $389 |
| Transparency Score | 20/100 |
Is Sacos Effort To Remember Its Veterans Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sacos Effort To Remember Its Veterans
Sacos Effort To Remember Its Veterans (EIN: 222761129) is a nonprofit organization based in Saco, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sacos Effort To Remember Its Veterans's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sacos Effort To Remember Its Veterans is a micro nonprofit, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of -20.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $174 |
| Surplus / Deficit | $-173 |
| Total Assets | $390 |
| Total Liabilities | $1 |
| Net Assets | $389 |
| Operating Margin | -17300.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 26.9 months |
Financial Health Grade: B
In 2015, Sacos Effort To Remember Its Veterans reported a deficit of $173 with expenses exceeding revenue, holds 26.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 4 years of filings (2012–2015), Sacos Effort To Remember Its Veterans's revenue has declined at a compound annual growth rate (CAGR) of -20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +0.0% | +30.8% | -30.9% |
| 2014 | +0.0% | -10.1% | -19.0% |
| 2013 | -50.0% | +11.3% | -17.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sacos Effort To Remember Its Veterans with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Sacos Effort To Remember Its Veterans allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $173, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, indicating either no paid employees or compensation below reporting thresholds.
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 Sacos Effort To Remember Its Veterans's IRS 990 filings:
- Zero reported program service expenses across all available years (2012-2015), raising questions about direct impact.
- Declining total assets from $843 in 2012 to $390 in 2015, suggesting financial instability.
- Minimal revenue reported ($1 in 2015, 2014, 2013; $2 in 2012) indicates very limited fundraising or operational activity.
- No clear description of activities or achievements in the available filings.
Strengths
The following positive indicators were identified for Sacos Effort To Remember Its Veterans:
- Maintains tax-exempt status despite minimal activity.
Frequently Asked Questions about Sacos Effort To Remember Its Veterans
Is Sacos Effort To Remember Its Veterans a legitimate charity?
Sacos Effort To Remember Its Veterans (EIN: 222761129) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 20/100. It has 4 years of IRS 990 filings on record. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does Sacos Effort To Remember Its Veterans spend its money?
Sacos Effort To Remember Its Veterans reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sacos Effort To Remember Its Veterans tax-deductible?
Sacos Effort To Remember Its Veterans is registered as a tax-exempt nonprofit (EIN: 222761129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sacos Effort To Remember Its Veterans located?
Sacos Effort To Remember Its Veterans is headquartered in Saco, Maine and files with the IRS under EIN 222761129.
How many years of IRS 990 filings does Sacos Effort To Remember Its Veterans have?
Sacos Effort To Remember Its Veterans has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What does Sacos Effort To Remember Its Veterans do?
Sacos Effort To Remember Its Veterans is a nonprofit organization in the Unknown sector, located in Saco, Maine. It is classified under NTEE code Unknown.
How much revenue does Sacos Effort To Remember Its Veterans have?
Sacos Effort To Remember Its Veterans reported total revenue of N/A. Based on 4 IRS 990 filings on record.
What are Sacos Effort To Remember Its Veterans's total assets?
Sacos Effort To Remember Its Veterans holds total assets of N/A as reported in IRS 990 filings.
Where is Sacos Effort To Remember Its Veterans located?
Sacos Effort To Remember Its Veterans is based in Saco, Maine.
What is Sacos Effort To Remember Its Veterans's EIN?
Sacos Effort To Remember Its Veterans's Employer Identification Number (EIN) is 222761129. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sacos Effort To Remember Its Veterans?
Sacos Effort To Remember Its Veterans is classified under NTEE code Unknown (Unknown).
Is Sacos Effort To Remember Its Veterans a registered 501(c)(3)?
Sacos Effort To Remember Its Veterans appears in IRS records (EIN: 222761129). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sacos Effort To Remember Its Veterans file IRS Form 990?
Yes, Sacos Effort To Remember Its Veterans has 4 IRS Form 990 filings on record. The most recent covers tax period 201506.
What was Sacos Effort To Remember Its Veterans's revenue in 2015?
In the 201506 filing period, Sacos Effort To Remember Its Veterans reported total revenue of $1, total expenses of $174, and net assets of $390.
Is Sacos Effort To Remember Its Veterans's revenue growing or declining?
Sacos Effort To Remember Its Veterans's revenue is relatively stable. Revenue went from $1 (201406) to $1 (201506), a 0.0% change. Based on 4 filings on record.
What is Sacos Effort To Remember Its Veterans's most recent 990 filing?
The most recent IRS Form 990 filing for Sacos Effort To Remember Its Veterans covers tax period 201506. It shows revenue of $1, expenses of $174, total assets of $390, and liabilities of $1.
Is Sacos Effort To Remember Its Veterans a trustworthy charity?
Based on AI analysis of IRS 990 data, Sacos Effort To Remember Its Veterans has notable concerns. Mission Score: 20/100 (Poor). 4 red flags identified. 1 strength noted.
What are the red flags for Sacos Effort To Remember Its Veterans?
The following concerns were identified: Zero reported program service expenses across all available years (2012-2015), raising questions about direct impact.. Declining total assets from $843 in 2012 to $390 in 2015, suggesting financial instability.. Minimal revenue reported ($1 in 2015, 2014, 2013; $2 in 2012) indicates very limited fundraising or operational activity.. No clear description of activities or achievements in the available filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sacos Effort To Remember Its Veterans's strengths?
Positive indicators for Sacos Effort To Remember Its Veterans include: Maintains tax-exempt status despite minimal activity.. These findings are derived from AI analysis of the organization's financial filings.
How does Sacos Effort To Remember Its Veterans compensate executives?
Executive compensation is not reported in the available filings, indicating either no paid employees or compensation below reporting thresholds. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 in program service expenses, what specific activities or services does 'Sacos Effort To Remember Its Veterans' undertake to fulfill its mission?
The available IRS Form 990-EZ filings consistently report $0 for program service expenses, making it unclear how the organization directly supports its stated mission of remembering veterans. The filings do not provide narrative descriptions of activities.
With total assets declining and revenue consistently at $1-$2, how does the organization sustain its operations, even at a minimal level?
The organization's financial data shows a consistent decline in assets and extremely low revenue. It appears to sustain itself on minimal administrative costs, possibly through volunteer efforts or very small, infrequent donations not fully captured as revenue.
Filing History
IRS 990 filing history for Sacos Effort To Remember Its Veterans showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Sacos Effort To Remember Its Veterans's revenue has declined by 50%, moving from $2 to $1. Total assets decreased by 53.7% over the same period, from $843 to $390. Total functional expenses rose by 30.8%, from $133 to $174. In its most recent filing year (2015), Sacos Effort To Remember Its Veterans reported a deficit of $173, with expenses exceeding revenue. The organization holds $1 in liabilities against $390 in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $389.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1 | $174 | $390 | $1 | — | View 990 |
| 2014 | $1 | $133 | $564 | $1 | — | View 990 |
| 2013 | $1 | $148 | $696 | $1 | — | View 990 |
| 2012 | $2 | $133 | $843 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1, expenses of $174, and assets of $390 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $133, and assets of $564 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $148, and assets of $696 (revenue -50.0% year-over-year).
- 2012: Revenue of $2, expenses of $133, and assets of $843.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sacos Effort To Remember Its Veterans:
Data Sources and Methodology
This transparency report for Sacos Effort To Remember Its Veterans 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.