Aroostook Partnership

Aroostook Partnership shows consistent financial growth and no reported officer compensation over the past decade.

EIN: 10421222 · Caribou, ME · Updated: 2026-03-28

$211KRevenue

$321KAssets

85/100Mission Score (Excellent)

About Aroostook Partnership

Aroostook Partnership (EIN: 10421222) is a nonprofit organization based in Caribou, ME. The organization reported total revenue of $211K and total assets of $321K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aroostook Partnership's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Aroostook Partnership demonstrates consistent financial health with growing assets and generally positive net income over the past three years. In 2023, the organization reported revenue of $261,004 against expenses of $206,087, indicating a healthy surplus. While the NTEE code is unknown, the organization's financial data suggests a stable operational base. The absence of reported officer compensation across all available filings is a notable aspect of its financial structure, potentially indicating a volunteer-led or very lean executive team, which can contribute to lower administrative overhead.

The organization's spending efficiency appears strong, particularly given the zero reported officer compensation. This suggests that a significant portion of its revenue is likely directed towards its mission-related activities rather than executive salaries. The growth in assets from $25,611 in 2012 to $337,912 in 2023 further underscores a pattern of financial stability and accumulation of resources, which can be beneficial for long-term program sustainability. However, without a detailed breakdown of expenses, it's challenging to precisely determine the exact allocation between program, administrative, and fundraising costs.

Transparency is generally good given the availability of multiple years of IRS 990 filings. The consistent reporting of key financial metrics like revenue, expenses, assets, liabilities, and officer compensation allows for a clear overview of the organization's financial trajectory. The lack of reported officer compensation, while potentially efficient, could also raise questions about how leadership is structured and compensated, which would require further investigation beyond the provided data to fully assess transparency in governance.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Aroostook Partnership 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Aroostook Partnership 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

Aroostook Partnership consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization with over $200,000 in annual revenue.

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 Partnership's IRS 990 filings:

No reported officer compensation, which is unusual for an organization of this size and could indicate alternative compensation structures or a reliance on unpaid leadership that may not be sustainable long-term.
NTEE Code is unknown, making it difficult to benchmark against similar organizations or understand its specific programmatic focus.

Strengths

The following positive indicators were identified for Aroostook Partnership:

Consistent financial growth, with revenue increasing from $10,611 in 2012 to $261,004 in 2023.
Strong asset growth, from $25,611 in 2012 to $337,912 in 2023, indicating financial stability and resource accumulation.
Positive net income in most recent years (e.g., $261,004 revenue vs. $206,087 expenses in 2023), demonstrating fiscal responsibility.
Zero reported officer compensation, suggesting a potentially very lean administrative structure and high efficiency in directing funds to mission.

Frequently Asked Questions about Aroostook Partnership

Is Aroostook Partnership a good charity?

Based on the available financial data, Aroostook Partnership appears to be a financially stable organization with consistent growth in assets and no reported officer compensation, suggesting a high potential for program efficiency. However, without detailed program expense breakdowns or information on their specific mission and impact, a definitive 'good' rating is difficult.

How does Aroostook Partnership manage to operate without officer compensation?

The filings consistently show 0% officer compensation, which could mean the organization is entirely volunteer-led at the executive level, or that executive services are provided pro bono, or compensated through a different expense category not captured as 'officer compensation' on the 990 form.

What is the trend in Aroostook Partnership's financial health?

Aroostook Partnership has shown significant financial growth and stability. Revenue increased from $10,611 in 2012 to $261,004 in 2023, and assets grew from $25,611 to $337,912 over the same period, indicating a strong positive trend.

Filing History

IRS 990 filing history for Aroostook Partnership showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2011–2023), Aroostook Partnership's revenue has grown by 1350.7%, moving from $18K to $261K. Total assets increased by 946% over the same period, from $32K to $338K. Total functional expenses rose by 1198%, from $16K to $206K. In its most recent filing year (2023), Aroostook Partnership reported a surplus of $55K, with revenue exceeding expenses. The organization holds $4K in liabilities against $338K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $334K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$261K	$206K	$338K	$4K	—	View 990
2022	$126K	$159K	$279K	$0	—	—
2021	$242K	$156K	$305K	$1K	—	View 990
2012	$11K	$8K	$26K	$0	—	View 990
2011	$18K	$16K	$32K	$9K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $261K, expenses of $206K, and assets of $338K (revenue +106.5% year-over-year).
2022: Revenue of $126K, expenses of $159K, and assets of $279K (revenue -47.9% year-over-year).
2021: Revenue of $242K, expenses of $156K, and assets of $305K (revenue +2185.3% year-over-year).
2012: Revenue of $11K, expenses of $8K, and assets of $26K (revenue -41.0% year-over-year).
2011: Revenue of $18K, expenses of $16K, and assets of $32K.

Data Sources and Methodology

This transparency report for Aroostook Partnership 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.