Bridgton Ice Arena Inc
Bridgton Ice Arena Inc. faces persistent operational deficits and declining assets.
EIN: 10513859 · N Bridgton, ME · NTEE: N32Z · Updated: 2026-03-28
Is Bridgton Ice Arena Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridgton Ice Arena Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridgton Ice Arena Inc
Bridgton Ice Arena Inc (EIN: 10513859) is a nonprofit organization based in N Bridgton, ME, classified under NTEE code N32Z. The organization reported total revenue of $206K and total assets of $588K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridgton Ice Arena 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 Bridgton Ice Arena Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bridgton Ice Arena Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 the organization's leadership is entirely volunteer-based, which is commendable for a nonprofit of its size with revenues around $100,000-$200,000 annually.
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 Bridgton Ice Arena Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in most reported periods.
- Significant decline in total assets over the past decade, from $919,553 in 201406 to $578,495 in 202306.
- Liabilities have remained relatively stable or increased slightly while assets have declined, impacting the organization's net asset position.
Strengths
The following positive indicators were identified for Bridgton Ice Arena Inc:
- Zero officer compensation reported across all filings, indicating volunteer leadership and potentially lower administrative costs.
- Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
- Maintains a significant asset base ($578,495 in 202306) despite consistent deficits, providing some financial cushion.
Frequently Asked Questions about Bridgton Ice Arena Inc
Is Bridgton Ice Arena Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridgton Ice Arena Inc (EIN: 10513859) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Bridgton Ice Arena Inc spend its money?
Bridgton Ice Arena Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bridgton Ice Arena Inc tax-deductible?
Bridgton Ice Arena Inc is registered as a tax-exempt nonprofit (EIN: 10513859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bridgton Ice Arena Inc. financially sustainable in the long term?
The organization has consistently reported expenses exceeding revenue for many years, leading to a significant decline in assets from $919,553 in 201406 to $578,495 in 202306. This trend suggests potential long-term sustainability challenges if not addressed.
How does Bridgton Ice Arena Inc. cover its operational deficits?
The consistent decline in assets over the past decade, alongside recurring operational deficits, indicates that the organization is likely covering its shortfalls by drawing down its reserves or through other non-operating income sources not detailed in the provided data.
What is the breakdown of Bridgton Ice Arena Inc.'s expenses?
While specific detailed expense breakdowns are not provided in the summary data, the consistent operational deficits suggest that total expenses, including program, administrative, and fundraising costs, regularly exceed the organization's income.
Filing History
IRS 990 filing history for Bridgton Ice Arena Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bridgton Ice Arena Inc's revenue has declined by 8.7%, moving from $191K to $174K. Total assets decreased by 30.5% over the same period, from $832K to $578K. Total functional expenses rose by 29.3%, from $179K to $231K. In its most recent filing year (2023), Bridgton Ice Arena Inc reported a deficit of $57K, with expenses exceeding revenue. The organization holds $313K in liabilities against $578K in assets (debt-to-asset ratio: 54.2%), resulting in net assets of $265K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $231K | $578K | $313K | — | — |
| 2022 | $150K | $201K | $658K | $336K | — | View 990 |
| 2021 | $192K | $189K | $680K | $307K | — | — |
| 2020 | $108K | $167K | $677K | $308K | — | View 990 |
| 2019 | $118K | $175K | $748K | $320K | — | View 990 |
| 2018 | $133K | $150K | $797K | $312K | — | View 990 |
| 2017 | $138K | $172K | $798K | $295K | — | View 990 |
| 2016 | $120K | $160K | $793K | $255K | — | View 990 |
| 2015 | $163K | $255K | $825K | $249K | — | View 990 |
| 2014 | $160K | $249K | $920K | $250K | — | View 990 |
| 2013 | $143K | $191K | $847K | $88K | — | View 990 |
| 2012 | $208K | $209K | $863K | $57K | — | View 990 |
| 2011 | $191K | $179K | $832K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $231K, and assets of $578K (revenue +16.1% year-over-year).
- 2022: Revenue of $150K, expenses of $201K, and assets of $658K (revenue -22.2% year-over-year).
- 2021: Revenue of $192K, expenses of $189K, and assets of $680K (revenue +77.5% year-over-year).
- 2020: Revenue of $108K, expenses of $167K, and assets of $677K (revenue -7.8% year-over-year).
- 2019: Revenue of $118K, expenses of $175K, and assets of $748K (revenue -11.7% year-over-year).
- 2018: Revenue of $133K, expenses of $150K, and assets of $797K (revenue -3.5% year-over-year).
- 2017: Revenue of $138K, expenses of $172K, and assets of $798K (revenue +14.6% year-over-year).
- 2016: Revenue of $120K, expenses of $160K, and assets of $793K (revenue -25.9% year-over-year).
- 2015: Revenue of $163K, expenses of $255K, and assets of $825K (revenue +1.8% year-over-year).
- 2014: Revenue of $160K, expenses of $249K, and assets of $920K (revenue +11.8% year-over-year).
- 2013: Revenue of $143K, expenses of $191K, and assets of $847K (revenue -31.5% year-over-year).
- 2012: Revenue of $208K, expenses of $209K, and assets of $863K (revenue +9.4% year-over-year).
- 2011: Revenue of $191K, expenses of $179K, and assets of $832K.
Data Sources and Methodology
This transparency report for Bridgton Ice Arena 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.