Veterans Of Foreign Wars Of The United States Dept Of Maine

Veterans Of Foreign Wars Of The United States Dept Of Maine maintains strong asset growth and zero liabilities with volunteer leadership.

EIN: 10268475 · Jay, ME · Updated: 2026-03-28

$109KRevenue

$296KAssets

90/100Mission Score (Excellent)

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

Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 10268475) is a nonprofit organization based in Jay, ME. The organization reported total revenue of $109K and total assets of $296K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Of Foreign Wars Of The United States Dept Of Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Veterans Of Foreign Wars Of The United States Dept Of Maine demonstrates a stable financial position with consistent asset growth over the past decade, increasing from $232,846 in 2014 to $277,045 in 2023. The organization consistently reports zero liabilities, indicating a strong balance sheet and no reliance on debt. Revenue has fluctuated but shows an upward trend in recent years, with $55,420 in 2023 and $78,138 in 2022, compared to $22,087 in 2014. The organization's expenses are generally well-managed relative to its revenue, often resulting in net positive income, contributing to asset accumulation. The consistent reporting of 0% officer compensation across all filings indicates a high degree of transparency regarding executive pay and a volunteer-driven leadership model, which is a significant positive for donor confidence.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Veterans Of Foreign Wars Of The United States Dept Of Maine with a Mission Score of 90 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Veterans Of Foreign Wars Of The United States Dept Of Maine allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size and mission.

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.

Strengths

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

Consistent asset growth, increasing from $232,846 in 2014 to $277,045 in 2023.
Zero reported liabilities across all filings, indicating strong financial stability.
0% officer compensation, demonstrating a volunteer-driven leadership and efficient use of funds.
Positive net income in most recent years (e.g., $7,292 in 2023, $49,349 in 2022), contributing to asset accumulation.
Strong financial transparency with consistent filing history and clear financial reporting.

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

How does the organization manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization relies entirely on volunteer leadership for its executive functions, which significantly reduces administrative overhead and maximizes resources for its mission.

What is the primary source of revenue for the organization?

While specific revenue sources are not detailed in the provided data, the fluctuating but generally increasing revenue, such as $55,420 in 2023 and $78,138 in 2022, likely comes from membership dues, donations, and potentially local fundraising events typical for VFW posts.

How has the organization's asset growth contributed to its mission?

The consistent growth in assets from $232,846 in 2014 to $277,045 in 2023, coupled with zero liabilities, provides a strong financial foundation, allowing the organization to sustain its programs and potentially invest in future initiatives without financial strain.

Filing History

IRS 990 filing history for Veterans Of Foreign Wars Of The United States Dept Of Maine showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue has declined by 23.1%, moving from $72K to $55K. Total assets decreased by 3% over the same period, from $286K to $277K. Total functional expenses rose by 4.5%, from $46K to $48K. In its most recent filing year (2023), Veterans Of Foreign Wars Of The United States Dept Of Maine reported a surplus of $7K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$55K	$48K	$277K	$0	—	—
2022	$78K	$29K	$270K	$0	—	View 990
2021	$43K	$27K	$220K	$0	—	View 990
2020	$34K	$34K	$196K	$0	—	View 990
2019	$55K	$59K	$196K	$0	—	View 990
2018	$44K	$35K	$200K	$0	—	View 990
2017	$43K	$50K	$192K	$0	—	View 990
2016	$36K	$41K	$199K	$0	—	View 990
2015	$23K	$53K	$203K	$0	—	View 990
2014	$22K	$50K	$233K	$0	—	View 990
2013	$89K	$87K	$261K	$0	—	View 990
2012	$70K	$67K	$260K	$0	—	View 990
2011	$72K	$46K	$286K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $55K, expenses of $48K, and assets of $277K (revenue -29.1% year-over-year).
2022: Revenue of $78K, expenses of $29K, and assets of $270K (revenue +82.5% year-over-year).
2021: Revenue of $43K, expenses of $27K, and assets of $220K (revenue +27.0% year-over-year).
2020: Revenue of $34K, expenses of $34K, and assets of $196K (revenue -38.7% year-over-year).
2019: Revenue of $55K, expenses of $59K, and assets of $196K (revenue +26.3% year-over-year).
2018: Revenue of $44K, expenses of $35K, and assets of $200K (revenue +0.3% year-over-year).
2017: Revenue of $43K, expenses of $50K, and assets of $192K (revenue +20.0% year-over-year).
2016: Revenue of $36K, expenses of $41K, and assets of $199K (revenue +54.6% year-over-year).
2015: Revenue of $23K, expenses of $53K, and assets of $203K (revenue +5.9% year-over-year).
2014: Revenue of $22K, expenses of $50K, and assets of $233K (revenue -75.1% year-over-year).
2013: Revenue of $89K, expenses of $87K, and assets of $261K (revenue +27.2% year-over-year).
2012: Revenue of $70K, expenses of $67K, and assets of $260K (revenue -3.4% year-over-year).
2011: Revenue of $72K, expenses of $46K, and assets of $286K.

Data Sources and Methodology

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