Veterans Of Foreign Wars Of The United States Dept Of Maine

Veterans Of Foreign Wars Of The United States Dept Of Maine shows stable assets but recent operational deficits.

EIN: 16014181 · Fairfield, ME · Updated: 2026-03-28

$992KRevenue

$429KAssets

75/100Mission Score (Good)

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

Veterans Of Foreign Wars Of The United States Dept Of Maine (EIN: 16014181) is a nonprofit organization based in Fairfield, ME. The organization reported total revenue of $992K and total assets of $429K 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 consistent operational history, with revenues and expenses fluctuating over the past decade. The organization's assets have generally grown from $297,650 in 2011 to $428,975 in 2019, indicating a stable financial base. However, the latest filing period (201906) shows expenses ($293,982) exceeding revenue ($231,182), resulting in a deficit for that year. This trend of expenses sometimes exceeding revenue is also observed in 201806. While the organization's liabilities remain very low, consistently under $5,000, the recurring operational deficits in recent years warrant attention to ensure long-term sustainability. The absence of reported officer compensation suggests a volunteer-driven leadership, which can be a positive indicator of efficiency and dedication to the mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Veterans Of Foreign Wars Of The United States Dept Of Maine with a Mission Score of 75 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, Veterans Of Foreign Wars Of The United States Dept Of Maine 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 reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which is commendable for a nonprofit of its 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 Veterans Of Foreign Wars Of The United States Dept Of Maine's IRS 990 filings:

Expenses exceeded revenue in the latest filing period (201906) by over $62,000.
Expenses exceeded revenue in 201806, indicating a recurring operational deficit in recent years.

Strengths

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

Consistent and low liabilities, always under $5,000 across all filings.
No reported officer compensation, suggesting a volunteer-driven leadership.
Stable asset base, growing from $297,650 in 2011 to $428,975 in 2019.
Long filing history (9 filings) indicates consistent compliance and transparency.

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

Is Veterans Of Foreign Wars Of The United States Dept Of Maine financially sustainable given recent deficits?

While the organization has a stable asset base of $428,975, the recent trend of expenses exceeding revenue (e.g., $293,982 expenses vs. $231,182 revenue in 2019) suggests a need to monitor operational sustainability and potentially adjust spending or increase revenue streams.

How does the lack of officer compensation impact the organization?

The absence of officer compensation indicates a volunteer-led organization, which can lead to lower administrative costs and a higher percentage of funds directly supporting programs. However, it also relies heavily on the dedication of unpaid individuals.

Filing History

IRS 990 filing history for Veterans Of Foreign Wars Of The United States Dept Of Maine showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2019), Veterans Of Foreign Wars Of The United States Dept Of Maine's revenue has grown by 6.5%, moving from $217K to $231K. Total assets increased by 44.1% over the same period, from $298K to $429K. Total functional expenses rose by 61.4%, from $182K to $294K. In its most recent filing year (2019), Veterans Of Foreign Wars Of The United States Dept Of Maine reported a deficit of $63K, with expenses exceeding revenue. The organization holds $4K in liabilities against $429K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $425K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2019	$231K	$294K	$429K	$4K	—	View 990
2018	$229K	$264K	$491K	$4K	—	View 990
2017	$329K	$272K	$526K	$3K	—	View 990
2016	$335K	$273K	$468K	$3K	—	View 990
2015	$250K	$230K	$407K	$4K	—	View 990
2014	$222K	$216K	$387K	$4K	—	View 990
2013	$285K	$250K	$382K	$4K	—	View 990
2012	$263K	$215K	$347K	$4K	—	View 990
2011	$217K	$182K	$298K	$3K	—	View 990

Year-by-Year Financial Summary

2019: Revenue of $231K, expenses of $294K, and assets of $429K (revenue +0.8% year-over-year).
2018: Revenue of $229K, expenses of $264K, and assets of $491K (revenue -30.4% year-over-year).
2017: Revenue of $329K, expenses of $272K, and assets of $526K (revenue -1.7% year-over-year).
2016: Revenue of $335K, expenses of $273K, and assets of $468K (revenue +33.9% year-over-year).
2015: Revenue of $250K, expenses of $230K, and assets of $407K (revenue +12.7% year-over-year).
2014: Revenue of $222K, expenses of $216K, and assets of $387K (revenue -22.0% year-over-year).
2013: Revenue of $285K, expenses of $250K, and assets of $382K (revenue +8.1% year-over-year).
2012: Revenue of $263K, expenses of $215K, and assets of $347K (revenue +21.3% year-over-year).
2011: Revenue of $217K, expenses of $182K, and assets of $298K.

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.