Atlantic Salmon Federation Inc
Atlantic Salmon Federation Inc. shows strong revenue growth and zero reported officer compensation over five years.
EIN: 132618801 · Calais, ME · NTEE: D330 · Updated: 2026-03-28
Is Atlantic Salmon Federation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atlantic Salmon Federation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Atlantic Salmon Federation Inc
Atlantic Salmon Federation Inc (EIN: 132618801) is a nonprofit organization based in Calais, ME, classified under NTEE code D330. The organization reported total revenue of $32.7M and total assets of $27.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlantic Salmon Federation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlantic Salmon Federation Inc with a Mission Score of 92 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, Atlantic Salmon Federation Inc 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
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size with revenues exceeding $10 million in 2023. This suggests either a volunteer leadership structure or that compensation is reported under other expense categories, warranting further investigation for complete transparency.
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 Atlantic Salmon Federation Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Atlantic Salmon Federation Inc:
- Strong and consistent revenue growth, more than doubling from 2019 to 2023.
- Healthy and growing asset base, providing financial stability.
- Low liabilities relative to assets, indicating good financial management (e.g., $2,104,004 liabilities vs. $22,618,383 assets in 2023).
- Consistent reporting of 0% officer compensation, suggesting a strong focus on mission spending.
- Positive net income in most recent years (e.g., $10,301,297 revenue vs. $8,551,708 expenses in 2023).
Frequently Asked Questions about Atlantic Salmon Federation Inc
Is Atlantic Salmon Federation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlantic Salmon Federation Inc (EIN: 132618801) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Atlantic Salmon Federation Inc spend its money?
Atlantic Salmon Federation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atlantic Salmon Federation Inc tax-deductible?
Atlantic Salmon Federation Inc is registered as a tax-exempt nonprofit (EIN: 132618801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Atlantic Salmon Federation Inc. a good charity?
Based on its strong financial health, consistent revenue growth, increasing assets, and reported 0% officer compensation, the Atlantic Salmon Federation Inc. appears to be a very good charity with a strong commitment to its mission.
How has the organization's revenue trended in recent years?
The organization has experienced significant revenue growth, increasing from $4,901,400 in 2019 to $10,301,297 in 2023, more than doubling its income over five years.
What is the organization's asset base?
The Atlantic Salmon Federation Inc. has a robust and growing asset base, reaching $22,618,383 in 2023, up from $17,184,964 in 2019.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. While it suggests a strong dedication to directing funds to programs, it could also indicate that executive compensation is categorized differently or that leadership is entirely volunteer-based, which would be exceptional.
Filing History
IRS 990 filing history for Atlantic Salmon Federation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Atlantic Salmon Federation Inc's revenue has grown by 194%, moving from $3.5M to $10.3M. Total assets increased by 85.9% over the same period, from $12.2M to $22.6M. Total functional expenses rose by 168.5%, from $3.2M to $8.6M. In its most recent filing year (2023), Atlantic Salmon Federation Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $22.6M in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $20.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.3M | $8.6M | $22.6M | $2.1M | — | — |
| 2022 | $6.0M | $4.3M | $18.4M | $625K | — | — |
| 2021 | $3.7M | $3.1M | $19.0M | $408K | — | View 990 |
| 2020 | $4.4M | $3.9M | $16.8M | $740K | — | — |
| 2019 | $4.9M | $3.7M | $17.2M | $977K | — | View 990 |
| 2018 | $3.6M | $3.2M | $15.9M | $900K | — | View 990 |
| 2017 | $3.8M | $3.2M | $15.1M | $726K | — | View 990 |
| 2016 | $3.0M | $3.3M | $13.8M | $899K | — | View 990 |
| 2015 | $5.8M | $3.5M | $12.9M | $980K | — | View 990 |
| 2014 | $2.8M | $3.1M | $14.0M | $830K | — | View 990 |
| 2013 | $3.2M | $3.4M | $13.3M | $695K | — | View 990 |
| 2012 | $3.4M | $3.4M | $13.2M | $792K | — | View 990 |
| 2011 | $3.5M | $3.2M | $12.2M | $835K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.3M, expenses of $8.6M, and assets of $22.6M (revenue +72.5% year-over-year).
- 2022: Revenue of $6.0M, expenses of $4.3M, and assets of $18.4M (revenue +62.5% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.1M, and assets of $19.0M (revenue -17.0% year-over-year).
- 2020: Revenue of $4.4M, expenses of $3.9M, and assets of $16.8M (revenue -9.7% year-over-year).
- 2019: Revenue of $4.9M, expenses of $3.7M, and assets of $17.2M (revenue +34.8% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.2M, and assets of $15.9M (revenue -5.3% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.2M, and assets of $15.1M (revenue +27.2% year-over-year).
- 2016: Revenue of $3.0M, expenses of $3.3M, and assets of $13.8M (revenue -47.7% year-over-year).
- 2015: Revenue of $5.8M, expenses of $3.5M, and assets of $12.9M (revenue +103.5% year-over-year).
- 2014: Revenue of $2.8M, expenses of $3.1M, and assets of $14.0M (revenue -10.6% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.4M, and assets of $13.3M (revenue -7.4% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.4M, and assets of $13.2M (revenue -2.1% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.2M, and assets of $12.2M.
Data Sources and Methodology
This transparency report for Atlantic Salmon Federation 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.