Aroostook Area Agency On Aging Inc
Aroostook Area Agency On Aging Inc shows consistent growth and no reported officer compensation, with recent slight operating deficits.
EIN: 10322531 · Presque Isle, ME · NTEE: P81Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $4.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $928K |
| Transparency Score | 85/100 |
Is Aroostook Area Agency On Aging Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aroostook Area Agency On Aging Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aroostook Area Agency On Aging Inc
Aroostook Area Agency On Aging Inc (EIN: 10322531) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code P81Z. The organization reported total revenue of $6.3M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aroostook Area Agency On Aging Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aroostook Area Agency On Aging Inc is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-170,402 |
| Total Assets | $1.8M |
| Total Liabilities | $900K |
| Net Assets | $928K |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 49.2% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2023, Aroostook Area Agency On Aging Inc reported a deficit of $170K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 49.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Aroostook Area Agency On Aging Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | +5.9% | +-0.0% |
| 2022 | +5.1% | +5.7% | +29.7% |
| 2021 | +1.4% | +12.9% | -32.5% |
| 2020 | +14.9% | +8.0% | +43.2% |
| 2019 | +7.5% | +8.0% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Aroostook Area Agency On Aging Inc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Aroostook Area Agency On Aging Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $170K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $4 million. This suggests either a fully volunteer executive leadership or that executive compensation is reported under different expense categories, requiring further scrutiny to understand the true cost of leadership.
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 Aroostook Area Agency On Aging Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and may obscure actual executive compensation practices.
Strengths
The following positive indicators were identified for Aroostook Area Agency On Aging Inc:
- Consistent growth in revenue and program delivery over the past decade.
- Healthy asset base that exceeds liabilities.
- Clear alignment with its NTEE code (P81Z) and mission as an Area Agency on Aging.
- Strong program focus, indicated by the estimated spending breakdown.
Frequently Asked Questions about Aroostook Area Agency On Aging Inc
Is Aroostook Area Agency On Aging Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Aroostook Area Agency On Aging Inc (EIN: 10322531) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Aroostook Area Agency On Aging Inc spend its money?
Aroostook Area Agency On Aging Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aroostook Area Agency On Aging Inc tax-deductible?
Aroostook Area Agency On Aging Inc is registered as a tax-exempt nonprofit (EIN: 10322531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Aroostook Area Agency On Aging Inc CEO make?
Aroostook Area Agency On Aging Inc's highest-compensated officer earns $4 annually. The organization reported $6.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Aroostook Area Agency On Aging Inc's spending goes to programs?
Aroostook Area Agency On Aging Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aroostook Area Agency On Aging Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Aroostook Area Agency On Aging Inc is above average for NTEE category P81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aroostook Area Agency On Aging Inc located?
Aroostook Area Agency On Aging Inc is headquartered in Presque Isle, Maine and files with the IRS under EIN 10322531. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Aroostook Area Agency On Aging Inc have?
Aroostook Area Agency On Aging Inc 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 $6.3M in total revenue.
Is Aroostook Area Agency On Aging Inc a good charity?
Based on the available data, the organization appears to be a good charity, demonstrating consistent program delivery and growth. The lack of reported officer compensation is a notable point that could be interpreted positively (volunteer leadership) or require further clarification (compensation reported elsewhere).
How does Aroostook Area Agency On Aging Inc manage its executive compensation?
The IRS 990 filings consistently show 0% officer compensation, which is highly unusual for an organization of this scale. This suggests that executive leadership may be volunteer-based or compensated through other means not classified as officer compensation on the 990, warranting further inquiry.
What is the trend in the organization's financial health?
The organization has shown consistent growth in both revenue and expenses over the past decade, from $2,715,174 in 201409 to $4,674,584 in 202309. While there was a slight operating deficit in the latest two periods (202309 and 202209), the overall trend indicates a growing and active organization.
Are the liabilities manageable for Aroostook Area Agency On Aging Inc?
Liabilities have increased in recent years, reaching $899,627 in 202309, compared to assets of $1,828,064. While this represents a higher liability-to-asset ratio than in earlier periods, the organization's assets still comfortably exceed its liabilities, suggesting manageable debt.
Filing History
IRS 990 filing history for Aroostook Area Agency On Aging Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aroostook Area Agency On Aging Inc's revenue has grown by 43.5%, moving from $3.3M to $4.7M. Total assets increased by 20.5% over the same period, from $1.5M to $1.8M. Total functional expenses rose by 49.9%, from $3.2M to $4.8M. In its most recent filing year (2023), Aroostook Area Agency On Aging Inc reported a deficit of $170K, with expenses exceeding revenue. The organization holds $900K in liabilities against $1.8M in assets (debt-to-asset ratio: 49.2%), resulting in net assets of $928K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.8M | $1.8M | $900K | — | View 990 |
| 2022 | $4.3M | $4.6M | $1.8M | $729K | — | — |
| 2021 | $4.1M | $4.3M | $1.4M | $81K | — | View 990 |
| 2020 | $4.1M | $3.8M | $2.1M | $538K | — | View 990 |
| 2019 | $3.5M | $3.6M | $1.5M | $124K | — | View 990 |
| 2018 | $3.3M | $3.3M | $1.5M | $117K | — | View 990 |
| 2017 | $3.1M | $3.1M | $1.4M | $98K | — | View 990 |
| 2016 | $2.9M | $2.9M | $1.4M | $89K | — | View 990 |
| 2015 | $2.8M | $2.8M | $1.5M | $144K | — | View 990 |
| 2014 | $2.7M | $2.7M | $1.5M | $150K | — | View 990 |
| 2013 | $2.8M | $2.8M | $1.5M | $163K | — | View 990 |
| 2012 | $3.1M | $3.1M | $1.5M | $134K | — | View 990 |
| 2011 | $3.3M | $3.2M | $1.5M | $133K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.8M, and assets of $1.8M (revenue +7.6% year-over-year).
- 2022: Revenue of $4.3M, expenses of $4.6M, and assets of $1.8M (revenue +5.1% year-over-year).
- 2021: Revenue of $4.1M, expenses of $4.3M, and assets of $1.4M (revenue +1.4% year-over-year).
- 2020: Revenue of $4.1M, expenses of $3.8M, and assets of $2.1M (revenue +14.9% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.6M, and assets of $1.5M (revenue +7.5% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.3M, and assets of $1.5M (revenue +6.8% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.1M, and assets of $1.4M (revenue +7.8% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.9M, and assets of $1.4M (revenue +0.6% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.8M, and assets of $1.5M (revenue +4.9% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.7M, and assets of $1.5M (revenue -1.4% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.8M, and assets of $1.5M (revenue -10.3% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.1M, and assets of $1.5M (revenue -5.8% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.2M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aroostook Area Agency On Aging Inc:
Data Sources and Methodology
This transparency report for Aroostook Area Agency On Aging Inc 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.