VETERANS OF FOREIGN WARS OF THE 7865 HARVELL BISHOP POST

EIN: 016026691 Public & Societal Benefit

MADISON, ME

Total Revenue
$151,224
Total Expenses
$128,303
Total Assets
$669,190
Net Assets
$668,683
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
ME
Principal Officer
MIKE CARTER
Phone
2076963806
Tax Period
2024-01-01 to 2024-12-31

VETERANS OF FOREIGN WARS OF THE 7865 HARVELL BISHOP POST, founded in 1946, is a small nonprofit in the Public & Societal Benefit sector that reported $151K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $23K, a strong 15% operating margin.

Mission

VETERANS OF FOREIGN WARS POST 7865 USES ITS FUNDS TO PROVIDE SOCIAL SERVICES TO MAINE'S VETERANS AND AND OTHER NEEDY MEMBERS OF THE COMMUNITY; SCHOLARSHIPS TO COLLEGE BOUND AREA YOUTH AND OTHER PURPOSES TO PROMOTE THE COMMON GOOD OF THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,825
Program Service Revenue $0
Investment Income $0
Other Revenue $140,399
TOTAL REVENUE $151,224

Expense Breakdown

Grants Paid $5,029
Salaries & Benefits $2,400
Fundraising Expenses $0
Other Expenses $120,874
TOTAL EXPENSES $128,303

Year-over-Year Comparison

2024 2023 Change
Revenue $151,224 $139,032 +0.1%
Expenses $128,303 $77,383 +0.7%
Net Income $22,921 $61,649 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
5
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$2,400
Total Directors
13
$2,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CARTER COMMANDER 25.00
Officer Director
$300 $0 $300
LEE RAYMOND SR VICE CMDR 5.00
Officer Director
$300 $0 $300
DAVE FOSS JR. VICE CMD 1.00
Officer Director
$0 $0 $0
CHAD STEWARD QUARTERMASTE 5.00
Officer Director
$1,800 $0 $1,800
RICK PETERSON ADJUTANT 1.00
Director
$0 $0 $0
GARY KUCIPAK II CHAPLAIN A 5.00
Director
$0 $0 $0
BILL LYTLE JUDGE ADVOCA 5.00
Director
$0 $0 $0
EVERETT ROGERS SURGEON 1.00
Director
$0 $0 $0
DALE BICKFORD SVC OFFICER 1.00
Director
$0 $0 $0
PHIL DIAGLE TRUSTEE 1.00
Director
$0 $0 $0
JACK GREENHAGLE TRUSTEE 1.00
Director
$0 $0 $0
DAVID TRASK JR TRUSTEE 5.00
Director
$0 $0 $0
JOE CANLON HONOR GUARD 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $151,224 $128,303 $669,190 $22,921
2023 $139,032 $77,383 $645,762 $61,649
2022 $80,331 $71,912 $584,113 $8,419
2021 $104,310 $62,723 $575,694 $41,587
2020 $53,994 $46,379 $534,107 $7,615
2019 $63,713 $59,445 $526,492 $4,268
2018 $74,747 $58,750 $522,764 $15,997
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