Ferry Beach Park Association
Ferry Beach Park Association maintains stable assets and consistent revenue, with recent minor operational deficits and no reported officer compensation.
EIN: 16004194 · Saco, ME · NTEE: N20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $2.3M |
| Transparency Score | 75/100 |
Is Ferry Beach Park Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ferry Beach Park Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ferry Beach Park Association
Ferry Beach Park Association (EIN: 16004194) is a nonprofit organization based in Saco, ME, classified under NTEE code N20Z. The organization reported total revenue of $1.5M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ferry Beach Park Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ferry Beach Park Association is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-32,806 |
| Total Assets | $3.0M |
| Total Liabilities | $679K |
| Net Assets | $2.3M |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 22.0 months |
Financial Health Grade: B
In 2023, Ferry Beach Park Association reported a deficit of $33K with expenses exceeding revenue, holds 22.0 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ferry Beach Park Association's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.8% | +22.7% | -0.4% |
| 2022 | -4.2% | +47.4% | -9.3% |
| 2021 | +74.7% | +8.0% | +11.3% |
| 2020 | -44.7% | -41.9% | +1.4% |
| 2019 | -18.9% | +3.3% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Ferry Beach Park Association 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, Ferry Beach Park 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization with over $1.6 million in annual expenses.
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 Ferry Beach Park Association's IRS 990 filings:
- Consistent operational deficits in recent years (2019, 2020, 2022, 2023), with 202312 expenses exceeding revenue by $32,806.
- Unusually consistent 0% officer compensation for an organization of this size, which may warrant further investigation into executive management structure and compensation practices.
Strengths
The following positive indicators were identified for Ferry Beach Park Association:
- Long history of IRS 990 filings (13 filings) demonstrating consistent transparency.
- Stable asset base of approximately $3 million over multiple years.
- No reported officer compensation, suggesting a lean administrative overhead at the executive level.
- Resilient revenue generation, recovering from a dip in 2020 to over $1.6 million in 2023.
Frequently Asked Questions about Ferry Beach Park Association
Is Ferry Beach Park Association a legitimate charity?
Ferry Beach Park Association (EIN: 16004194) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Ferry Beach Park Association spend its money?
Ferry Beach Park Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ferry Beach Park Association tax-deductible?
Ferry Beach Park Association is registered as a tax-exempt nonprofit (EIN: 16004194). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ferry Beach Park Association CEO make?
Ferry Beach Park Association's highest-compensated officer earns $1.6 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ferry Beach Park Association's spending goes to programs?
Ferry Beach Park Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ferry Beach Park Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Ferry Beach Park Association is above average for NTEE category N20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ferry Beach Park Association located?
Ferry Beach Park Association is headquartered in Saco, Maine and files with the IRS under EIN 16004194. It is classified under NTEE code N20Z.
How many years of IRS 990 filings does Ferry Beach Park Association have?
Ferry Beach Park 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 $1.5M in total revenue.
Is Ferry Beach Park Association a good charity?
Based on the available data, Ferry Beach Park Association appears to be a well-established organization with a long history of operations and consistent financial reporting. The absence of officer compensation is a notable positive, suggesting resources are directed elsewhere. However, a detailed breakdown of program vs. administrative spending would provide a clearer picture of efficiency.
How has Ferry Beach Park Association's financial health changed over the past five years?
Over the past five years (2019-2023), Ferry Beach Park Association has seen its revenue fluctuate, from a low of $717,813 in 202012 to a high of $1,620,508 in 202312. Assets have remained relatively stable around $3 million, while liabilities have generally been managed, staying below $850,000. The organization experienced an operational deficit in 2019, 2020, 2022, and 2023, but had surpluses in 2021 and 2018, indicating some variability in annual financial performance.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's top leadership is either entirely volunteer-based or compensated through mechanisms not classified as 'officer compensation' on the IRS Form 990. While this can indicate a strong commitment to directing funds to programs, it also raises questions about how an organization with over $1.6 million in expenses manages its executive functions without reported compensation.
Filing History
IRS 990 filing history for Ferry Beach Park Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ferry Beach Park Association's revenue has grown by 62%, moving from $1.0M to $1.6M. Total assets increased by 19.4% over the same period, from $2.5M to $3.0M. Total functional expenses rose by 54.4%, from $1.1M to $1.7M. In its most recent filing year (2023), Ferry Beach Park Association reported a deficit of $33K, with expenses exceeding revenue. The organization holds $679K in liabilities against $3.0M in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.7M | $3.0M | $679K | — | — |
| 2022 | $1.2M | $1.3M | $3.0M | $723K | — | — |
| 2021 | $1.3M | $914K | $3.4M | $790K | — | — |
| 2020 | $718K | $846K | $3.0M | $843K | — | View 990 |
| 2019 | $1.3M | $1.5M | $3.0M | $726K | — | View 990 |
| 2018 | $1.6M | $1.4M | $3.1M | $762K | — | View 990 |
| 2017 | $1.5M | $1.3M | $3.0M | $835K | — | — |
| 2016 | $1.5M | $1.2M | $2.9M | $881K | — | View 990 |
| 2015 | $1.5M | $1.2M | $2.7M | $953K | — | View 990 |
| 2014 | $1.3M | $1.2M | $2.4M | $1.0M | — | View 990 |
| 2013 | $1.1M | $1.2M | $2.5M | $1.1M | — | View 990 |
| 2012 | $1.1M | $1.1M | $2.5M | $1.1M | — | View 990 |
| 2011 | $1.0M | $1.1M | $2.5M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.7M, and assets of $3.0M (revenue +34.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.3M, and assets of $3.0M (revenue -4.2% year-over-year).
- 2021: Revenue of $1.3M, expenses of $914K, and assets of $3.4M (revenue +74.7% year-over-year).
- 2020: Revenue of $718K, expenses of $846K, and assets of $3.0M (revenue -44.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $3.0M (revenue -18.9% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.4M, and assets of $3.1M (revenue +10.5% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.3M, and assets of $3.0M (revenue -1.5% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.2M, and assets of $2.9M (revenue -3.7% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.2M, and assets of $2.7M (revenue +21.0% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $2.4M (revenue +15.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $2.5M (revenue +1.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $2.5M (revenue +7.5% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.1M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ferry Beach Park Association:
Data Sources and Methodology
This transparency report for Ferry Beach Park 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.