Albion Associates
Albion Associates faces recent operating deficits despite stable revenue, with declining assets and no reported officer compensation.
EIN: 10484605 · Albion, ME · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $246K |
| Total Expenses | $247K |
| Program Spending | 85% |
| Net Assets | $-16,251 |
| Transparency Score | 70/100 |
Is Albion Associates Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albion Associates directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albion Associates
Albion Associates (EIN: 10484605) is a nonprofit organization based in Albion, ME, classified under NTEE code L22Z. The organization reported total revenue of $246K and total assets of $736K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albion Associates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albion Associates is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $213K |
| Total Expenses | $247K |
| Surplus / Deficit | $-33,640 |
| Total Assets | $756K |
| Total Liabilities | $773K |
| Net Assets | $-16,251 |
| Operating Margin | -15.8% |
| Debt-to-Asset Ratio | 102.1% |
| Months of Reserves | 36.8 months |
Financial Health Grade: C
In 2023, Albion Associates reported a deficit of $34K with expenses exceeding revenue, holds 36.8 months of operating reserves (strong position), has a debt-to-asset ratio of 102.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Albion Associates's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | +12.1% | -6.5% |
| 2022 | +1.0% | +11.2% | -3.7% |
| 2021 | -1.1% | +1.5% | -3.3% |
| 2020 | -1.8% | -2.0% | +1.7% |
| 2019 | +1.5% | +0.9% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Albion Associates with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Albion Associates 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 102.1%.
Executive Compensation Analysis
Albion Associates consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean executive structure.
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 Albion Associates's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $33,640 in 2023)
- Declining asset base over the past several years
- Liabilities exceeding assets in the most recent filing ($772,614 liabilities vs. $756,363 assets in 2023)
Strengths
The following positive indicators were identified for Albion Associates:
- Stable revenue generation over the past decade (around $210k-$215k annually)
- No reported officer compensation, indicating a lean administrative structure in this area
- Long filing history (13 filings) demonstrating consistent reporting
Frequently Asked Questions about Albion Associates
Is Albion Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Albion Associates (EIN: 10484605) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Albion Associates spend its money?
Albion Associates directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Albion Associates tax-deductible?
Albion Associates is registered as a tax-exempt nonprofit (EIN: 10484605). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Albion Associates's spending goes to programs?
Albion Associates directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albion Associates compare to similar nonprofits?
With a transparency score of 70/100 (Good), Albion Associates is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albion Associates located?
Albion Associates is headquartered in Albion, Maine and files with the IRS under EIN 10484605. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Albion Associates have?
Albion Associates has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $246K in total revenue.
Is Albion Associates financially stable given recent operating deficits?
Albion Associates has experienced operating deficits in 2023 ($33,640) and 2022 ($8,000), which could impact long-term financial stability if this trend continues without increased revenue or reduced expenses.
What is the trend in Albion Associates' assets and liabilities?
Assets have declined from a high of $873,354 in 2017 to $756,363 in 2023. Liabilities have also decreased from a high of $949,934 in 2014 to $772,614 in 2023, but still exceed assets in the most recent filing.
How does Albion Associates manage executive compensation?
The organization consistently reports 0% officer compensation, suggesting a volunteer-based leadership or that executive roles are not compensated through traditional salaries.
Filing History
IRS 990 filing history for Albion Associates showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Albion Associates's revenue has grown by 9.1%, moving from $195K to $213K. Total assets decreased by 6.3% over the same period, from $807K to $756K. Total functional expenses rose by 24.7%, from $198K to $247K. In its most recent filing year (2023), Albion Associates reported a deficit of $34K, with expenses exceeding revenue. The organization holds $773K in liabilities against $756K in assets (debt-to-asset ratio: 102.1%), resulting in net assets of $-16,251.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $247K | $756K | $773K | — | — |
| 2022 | $212K | $220K | $809K | $791K | — | — |
| 2021 | $210K | $198K | $840K | $815K | — | View 990 |
| 2020 | $212K | $195K | $868K | $855K | — | — |
| 2019 | $216K | $199K | $854K | $858K | — | View 990 |
| 2018 | $213K | $197K | $856K | $877K | — | View 990 |
| 2017 | $209K | $198K | $873K | $910K | — | View 990 |
| 2016 | $216K | $183K | $863K | $911K | — | View 990 |
| 2015 | $214K | $188K | $846K | $927K | — | View 990 |
| 2014 | $212K | $188K | $843K | $950K | — | View 990 |
| 2013 | $214K | $186K | $823K | $955K | — | View 990 |
| 2012 | $213K | $190K | $810K | $969K | — | View 990 |
| 2011 | $195K | $198K | $807K | $991K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $213K, expenses of $247K, and assets of $756K (revenue +0.5% year-over-year).
- 2022: Revenue of $212K, expenses of $220K, and assets of $809K (revenue +1.0% year-over-year).
- 2021: Revenue of $210K, expenses of $198K, and assets of $840K (revenue -1.1% year-over-year).
- 2020: Revenue of $212K, expenses of $195K, and assets of $868K (revenue -1.8% year-over-year).
- 2019: Revenue of $216K, expenses of $199K, and assets of $854K (revenue +1.5% year-over-year).
- 2018: Revenue of $213K, expenses of $197K, and assets of $856K (revenue +1.8% year-over-year).
- 2017: Revenue of $209K, expenses of $198K, and assets of $873K (revenue -3.3% year-over-year).
- 2016: Revenue of $216K, expenses of $183K, and assets of $863K (revenue +0.9% year-over-year).
- 2015: Revenue of $214K, expenses of $188K, and assets of $846K (revenue +0.9% year-over-year).
- 2014: Revenue of $212K, expenses of $188K, and assets of $843K (revenue -0.6% year-over-year).
- 2013: Revenue of $214K, expenses of $186K, and assets of $823K (revenue +0.2% year-over-year).
- 2012: Revenue of $213K, expenses of $190K, and assets of $810K (revenue +9.3% year-over-year).
- 2011: Revenue of $195K, expenses of $198K, and assets of $807K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albion Associates:
Data Sources and Methodology
This transparency report for Albion Associates 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.