Central Aroostook Association
Central Aroostook Association shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 10263507 · Presque Isle, ME · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.3M |
| Total Expenses | $8.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8,823,965 |
| Net Assets | $8.1M |
| Transparency Score | 92/100 |
Is Central Aroostook Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Aroostook Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Aroostook Association
Central Aroostook Association (EIN: 10263507) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code P820. The organization reported total revenue of $9.3M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Aroostook Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Aroostook Association is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.8M |
| Total Expenses | $8.3M |
| Surplus / Deficit | +$542K |
| Total Assets | $8.6M |
| Total Liabilities | $510K |
| Net Assets | $8.1M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2024, Central Aroostook Association reported a surplus of $542K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Central Aroostook Association's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.0% | +2.1% | +10.0% |
| 2023 | +3.6% | -2.7% | +14.1% |
| 2022 | -3.6% | +5.2% | -1.2% |
| 2021 | +10.0% | +0.9% | +22.0% |
| 2020 | -3.1% | -2.0% | +18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Central Aroostook Association 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Central Aroostook Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $542K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.9%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size (latest revenue $8,823,965) and suggests either a volunteer-led executive team or that executive compensation is categorized differently within their financial statements, warranting further inquiry for full 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 Central Aroostook Association's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration or operational structure.
Strengths
The following positive indicators were identified for Central Aroostook Association:
- Consistent revenue growth over the past decade, from $6.7M in 2015 to $8.8M in 2024.
- Strong asset accumulation, with assets more than doubling from $3.9M in 2015 to $8.5M in 2024.
- Healthy financial position with assets consistently significantly exceeding liabilities.
- Efficient spending with a high proportion of expenses likely directed towards programs, implied by the lack of reported officer compensation and overall financial health.
Frequently Asked Questions about Central Aroostook Association
Is Central Aroostook Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Aroostook Association (EIN: 10263507) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Central Aroostook Association spend its money?
Central Aroostook Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Aroostook Association tax-deductible?
Central Aroostook Association is registered as a tax-exempt nonprofit (EIN: 10263507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central Aroostook Association CEO make?
Central Aroostook Association's highest-compensated officer earns $8,823,965 annually. The organization reported $9.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Central Aroostook Association's spending goes to programs?
Central Aroostook Association directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central Aroostook Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Central Aroostook Association is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Aroostook Association located?
Central Aroostook Association is headquartered in Presque Isle, Maine and files with the IRS under EIN 10263507. It is classified under NTEE code P820.
How many years of IRS 990 filings does Central Aroostook Association have?
Central Aroostook Association 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 $9.3M in total revenue.
How does Central Aroostook Association manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation for an organization with nearly $9 million in annual revenue is highly unusual. This could indicate that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation is categorized under different expense lines not captured as 'officer compensation' on the 990 form. Further investigation into their detailed expense breakdown would be necessary to understand this structure.
What are the primary sources of Central Aroostook Association's revenue?
While the provided data shows total revenue, it does not detail the specific sources (e.g., government grants, program service fees, donations). Understanding the revenue mix would provide insight into the organization's funding stability and diversification.
What specific programs does Central Aroostook Association operate?
The NTEE code P820 indicates 'Developmental Disabilities, Multipurpose.' While this gives a general idea, specific program details would help assess the direct impact of their high program spending.
Filing History
IRS 990 filing history for Central Aroostook Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Central Aroostook Association's revenue has grown by 44.3%, moving from $6.1M to $8.8M. Total assets increased by 138.6% over the same period, from $3.6M to $8.6M. Total functional expenses rose by 40.9%, from $5.9M to $8.3M. In its most recent filing year (2024), Central Aroostook Association reported a surplus of $542K, with revenue exceeding expenses. The organization holds $510K in liabilities against $8.6M in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $8.8M | $8.3M | $8.6M | $510K | — | View 990 |
| 2023 | $9.0M | $8.1M | $7.8M | $661K | — | — |
| 2022 | $8.7M | $8.3M | $6.8M | $713K | — | View 990 |
| 2021 | $9.0M | $7.9M | $6.9M | $571K | — | — |
| 2020 | $8.2M | $7.9M | $5.7M | $889K | — | View 990 |
| 2019 | $8.5M | $8.0M | $4.8M | $313K | — | View 990 |
| 2018 | $7.5M | $7.2M | $4.4M | $402K | — | View 990 |
| 2017 | $6.7M | $6.7M | $4.1M | $319K | — | View 990 |
| 2016 | $6.5M | $6.5M | $3.9M | $322K | — | View 990 |
| 2015 | $6.8M | $6.7M | $4.0M | $413K | — | View 990 |
| 2014 | $6.2M | $6.2M | $3.9M | $335K | — | View 990 |
| 2013 | $6.1M | $6.1M | $3.6M | $307K | — | View 990 |
| 2012 | $6.1M | $5.9M | $3.6M | $350K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $8.8M, expenses of $8.3M, and assets of $8.6M (revenue -2.0% year-over-year).
- 2023: Revenue of $9.0M, expenses of $8.1M, and assets of $7.8M (revenue +3.6% year-over-year).
- 2022: Revenue of $8.7M, expenses of $8.3M, and assets of $6.8M (revenue -3.6% year-over-year).
- 2021: Revenue of $9.0M, expenses of $7.9M, and assets of $6.9M (revenue +10.0% year-over-year).
- 2020: Revenue of $8.2M, expenses of $7.9M, and assets of $5.7M (revenue -3.1% year-over-year).
- 2019: Revenue of $8.5M, expenses of $8.0M, and assets of $4.8M (revenue +13.3% year-over-year).
- 2018: Revenue of $7.5M, expenses of $7.2M, and assets of $4.4M (revenue +10.7% year-over-year).
- 2017: Revenue of $6.7M, expenses of $6.7M, and assets of $4.1M (revenue +3.0% year-over-year).
- 2016: Revenue of $6.5M, expenses of $6.5M, and assets of $3.9M (revenue -3.4% year-over-year).
- 2015: Revenue of $6.8M, expenses of $6.7M, and assets of $4.0M (revenue +8.7% year-over-year).
- 2014: Revenue of $6.2M, expenses of $6.2M, and assets of $3.9M (revenue +1.7% year-over-year).
- 2013: Revenue of $6.1M, expenses of $6.1M, and assets of $3.6M (revenue +0.2% year-over-year).
- 2012: Revenue of $6.1M, expenses of $5.9M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Aroostook Association:
Data Sources and Methodology
This transparency report for Central Aroostook Association 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.