Damariscotta Lake Watershed Association
Damariscotta Lake Watershed Association shows inconsistent financial reporting with a recent filing of $0 revenue and assets, following years of active operations and significant asset holdings.
EIN: 10343953 · Jefferson, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $180K |
| Program Spending | 80% |
| Net Assets | $1 |
| Transparency Score | 70/100 |
Is Damariscotta Lake Watershed Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Damariscotta Lake Watershed Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Damariscotta Lake Watershed Association
Damariscotta Lake Watershed Association (EIN: 10343953) is a nonprofit organization based in Jefferson, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Damariscotta Lake Watershed Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Damariscotta Lake Watershed Association is a small nonprofit, with 5 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $183K |
| Total Expenses | $180K |
| Surplus / Deficit | +$3K |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | 1.6% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2015, Damariscotta Lake Watershed Association reported a surplus of $3K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2012–2015), Damariscotta Lake Watershed Association's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -36.6% | -0.9% | -100.0% |
| 2014 | +127.8% | +156.2% | +5.6% |
| 2013 | -11.8% | -39.2% | +2.9% |
| 2013 | -5.3% | -16.8% | +1.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Damariscotta Lake Watershed Association with a Mission Score of 70 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, Damariscotta Lake Watershed Association 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.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or their compensation is below IRS reporting thresholds, which is commendable for an organization of its size.
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 Damariscotta Lake Watershed Association's IRS 990 filings:
- Latest filing shows $0 revenue and assets, a significant and unexplained deviation from previous years' active financial reporting.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Damariscotta Lake Watershed Association:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven leadership or very modest executive pay.
- Historically maintained significant assets (over $2 million in 2014), suggesting a strong financial foundation in prior periods.
- Positive net income in several years (e.g., $106,564 in 2014, $55,573 in 2013), indicating financial prudence in those periods.
Frequently Asked Questions about Damariscotta Lake Watershed Association
Is Damariscotta Lake Watershed Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Damariscotta Lake Watershed Association (EIN: 10343953) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Damariscotta Lake Watershed Association spend its money?
Damariscotta Lake Watershed Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Damariscotta Lake Watershed Association tax-deductible?
Damariscotta Lake Watershed Association is registered as a tax-exempt nonprofit (EIN: 10343953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Damariscotta Lake Watershed Association's spending goes to programs?
Damariscotta Lake Watershed Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Damariscotta Lake Watershed Association located?
Damariscotta Lake Watershed Association is headquartered in Jefferson, Maine and files with the IRS under EIN 10343953.
How many years of IRS 990 filings does Damariscotta Lake Watershed Association have?
Damariscotta Lake Watershed Association has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the significant drop to $0 revenue and assets in the latest filing?
The provided data does not offer an explanation for the drastic change from active operations and over $2 million in assets in prior years to $0 in the latest filing. This warrants further investigation into the organization's current status or reporting.
How does the organization manage its significant assets, which were over $2 million in 2014?
With assets exceeding $2 million in 2014, the organization likely has a substantial endowment or property holdings. Understanding the management and utilization of these assets is crucial for assessing long-term sustainability and mission impact.
What are the primary program activities funded by the organization?
Without detailed expense breakdowns, it's difficult to ascertain the specific programs the Damariscotta Lake Watershed Association funds. Given its name, it likely focuses on environmental conservation and watershed protection.
Filing History
IRS 990 filing history for Damariscotta Lake Watershed Association showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2015), Damariscotta Lake Watershed Association's revenue has grown by 20.7%, moving from $151K to $183K. Total assets decreased by 100% over the same period, from $2.0M to $1. Total functional expenses rose by 28.3%, from $140K to $180K. In its most recent filing year (2015), Damariscotta Lake Watershed Association reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $183K | $180K | $1 | $0 | — | View 990 |
| 2014 | $288K | $181K | $2.2M | $4K | — | View 990 |
| 2013 | $126K | $71K | $2.1M | $2K | — | View 990 |
| 2013 | $143K | $116K | $2.0M | $211 | — | View 990 |
| 2012 | $151K | $140K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $183K, expenses of $180K, and assets of $1 (revenue -36.6% year-over-year).
- 2014: Revenue of $288K, expenses of $181K, and assets of $2.2M (revenue +127.8% year-over-year).
- 2013: Revenue of $126K, expenses of $71K, and assets of $2.1M (revenue -11.8% year-over-year).
- 2013: Revenue of $143K, expenses of $116K, and assets of $2.0M (revenue -5.3% year-over-year).
- 2012: Revenue of $151K, expenses of $140K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Damariscotta Lake Watershed Association:
Data Sources and Methodology
This transparency report for Damariscotta Lake Watershed 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.