Farmington Home For Aged People Office Of Pres & Trustee
Farmington Home For Aged People maintains stable operations with consistent revenue and expenses, reporting no officer compensation.
EIN: 10217212 · Farmington, ME · Updated: 2026-03-28
Is Farmington Home For Aged People Office Of Pres & Trustee Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Farmington Home For Aged People Office Of Pres & Trustee directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Farmington Home For Aged People Office Of Pres & Trustee
Farmington Home For Aged People Office Of Pres & Trustee (EIN: 10217212) is a nonprofit organization based in Farmington, ME. The organization reported total revenue of $1.4M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farmington Home For Aged People Office Of Pres & Trustee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farmington Home For Aged People Office Of Pres & Trustee is a mid-size nonprofit that has been operating for 83 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-161,936 |
| Total Assets | $3.1M |
| Total Liabilities | $247K |
| Net Assets | $2.9M |
| Operating Margin | -14.5% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 29.3 months |
Financial Health Grade: B
In 2024, Farmington Home For Aged People Office Of Pres & Trustee reported a deficit of $162K with expenses exceeding revenue, holds 29.3 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Farmington Home For Aged People Office Of Pres & Trustee's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.2% | +9.0% | +0.6% |
| 2023 | -11.8% | -1.0% | -7.9% |
| 2022 | +12.5% | +4.2% | -8.7% |
| 2021 | -7.4% | -0.7% | +11.4% |
| 2020 | +33.1% | +32.3% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Farmington Home For Aged People Office Of Pres & Trustee with a Mission Score of 75 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, Farmington Home For Aged People Office Of Pres & Trustee 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $162K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that executive salaries are categorized differently, which is unusual for an organization of this size with over $1 million 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 Farmington Home For Aged People Office Of Pres & Trustee's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation for an organization with over $1M in revenue, which may obscure executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Farmington Home For Aged People Office Of Pres & Trustee:
- Stable financial operations with consistent revenue and expense levels over a decade (e.g., revenue $1,114,893 vs expenses $1,276,829 in 202405).
- Healthy asset base consistently above $3 million (e.g., $3,116,185 in 202405), providing financial stability.
- Manageable liabilities, generally below 10% of total assets in recent years (e.g., $247,427 liabilities vs $3,116,185 assets in 202405).
Frequently Asked Questions about Farmington Home For Aged People Office Of Pres & Trustee
Is Farmington Home For Aged People Office Of Pres & Trustee a legitimate charity?
Based on AI analysis of IRS 990 filings, Farmington Home For Aged People Office Of Pres & Trustee (EIN: 10217212) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Farmington Home For Aged People Office Of Pres & Trustee spend its money?
Farmington Home For Aged People Office Of Pres & Trustee directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Farmington Home For Aged People Office Of Pres & Trustee tax-deductible?
Farmington Home For Aged People Office Of Pres & Trustee is registered as a tax-exempt nonprofit (EIN: 10217212). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Farmington Home For Aged People fund its operations given the consistent reporting of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings (e.g., 202405, 202305) suggests that executive leadership may be entirely volunteer-based or that compensation is reported under other expense categories, which would require further detail from the full 990 forms to clarify.
What is the specific breakdown of program, administrative, and fundraising expenses?
Without the detailed expense breakdown from the full IRS 990 forms, it's not possible to provide exact percentages for program, administrative, and fundraising spending. The provided data only shows total expenses (e.g., $1,276,829 in 202405).
Has the organization experienced significant financial growth or decline over the past decade?
The organization has shown modest growth in revenue, increasing from $914,166 in 201205 to $1,114,893 in 202405. Assets have remained relatively stable, fluctuating around the $3 million mark, indicating consistent but not rapid growth.
Filing History
IRS 990 filing history for Farmington Home For Aged People Office Of Pres & Trustee showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Farmington Home For Aged People Office Of Pres & Trustee's revenue has grown by 22%, moving from $914K to $1.1M. Total assets increased by 15.4% over the same period, from $2.7M to $3.1M. Total functional expenses rose by 57.6%, from $810K to $1.3M. In its most recent filing year (2024), Farmington Home For Aged People Office Of Pres & Trustee reported a deficit of $162K, with expenses exceeding revenue. The organization holds $247K in liabilities against $3.1M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $1.3M | $3.1M | $247K | — | — |
| 2023 | $1.1M | $1.2M | $3.1M | $264K | — | View 990 |
| 2022 | $1.2M | $1.2M | $3.4M | $296K | — | View 990 |
| 2021 | $1.1M | $1.1M | $3.7M | $314K | — | View 990 |
| 2020 | $1.2M | $1.1M | $3.3M | $327K | — | — |
| 2016 | $866K | $864K | $3.3M | $375K | — | View 990 |
| 2015 | $951K | $869K | $3.4M | $335K | — | View 990 |
| 2014 | $884K | $909K | $3.0M | $28K | — | View 990 |
| 2013 | $842K | $876K | $2.9M | $124K | — | View 990 |
| 2012 | $914K | $810K | $2.7M | $168K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $1.3M, and assets of $3.1M (revenue +5.2% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $3.1M (revenue -11.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $3.4M (revenue +12.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $3.7M (revenue -7.4% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $3.3M (revenue +33.1% year-over-year).
- 2016: Revenue of $866K, expenses of $864K, and assets of $3.3M (revenue -9.0% year-over-year).
- 2015: Revenue of $951K, expenses of $869K, and assets of $3.4M (revenue +7.6% year-over-year).
- 2014: Revenue of $884K, expenses of $909K, and assets of $3.0M (revenue +5.0% year-over-year).
- 2013: Revenue of $842K, expenses of $876K, and assets of $2.9M (revenue -7.9% year-over-year).
- 2012: Revenue of $914K, expenses of $810K, and assets of $2.7M.
Data Sources and Methodology
This transparency report for Farmington Home For Aged People Office Of Pres & Trustee 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.