Franklin County Chamber Of Commerce
Franklin County Chamber Of Commerce maintains consistent operations with revenues and expenses largely balancing over the past decade.
EIN: 10451396 · Farmington, ME · Updated: 2026-03-28
Is Franklin County Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin County Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Franklin County Chamber Of Commerce
Franklin County Chamber Of Commerce (EIN: 10451396) is a nonprofit organization based in Farmington, ME. The organization reported total revenue of $121K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin County Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin County Chamber Of Commerce is a small nonprofit that has been operating for 28 years, with 9 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $86K |
| Surplus / Deficit | $-2,870 |
| Total Assets | $52K |
| Total Liabilities | $644 |
| Net Assets | $51K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2020, Franklin County Chamber Of Commerce reported a deficit of $3K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2020), Franklin County Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -12.1% | -26.9% | -5.9% |
| 2019 | -30.2% | -11.5% | -28.8% |
| 2018 | +84.6% | +3.2% | +305.2% |
| 2017 | -28.8% | +27.6% | -69.1% |
| 2015 | -4.6% | -1.0% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1998 |
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 Franklin County Chamber Of Commerce 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Franklin County Chamber Of Commerce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is common for smaller chambers of commerce and contributes to lower overhead.
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 Franklin County Chamber Of Commerce's IRS 990 filings:
- Fluctuating revenue with occasional expense overruns, such as $118,015 in expenses against $94,857 in revenue in 2019, could indicate reliance on reserves or short-term deficits.
- Lack of detailed expense breakdown in provided data makes it difficult to precisely assess program efficiency.
Strengths
The following positive indicators were identified for Franklin County Chamber Of Commerce:
- Consistent filing of IRS 990s demonstrates good transparency.
- Zero reported officer compensation across all filings indicates efficient use of funds and potentially strong volunteer engagement.
- Low liabilities consistently maintained, often under $1,000, suggests sound financial management and avoidance of significant debt.
- Stable asset base, currently at $51,726, provides some financial cushion.
Frequently Asked Questions about Franklin County Chamber Of Commerce
Is Franklin County Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin County Chamber Of Commerce (EIN: 10451396) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Franklin County Chamber Of Commerce spend its money?
Franklin County Chamber Of Commerce directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franklin County Chamber Of Commerce tax-deductible?
Franklin County Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 10451396). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Franklin County Chamber Of Commerce fund its operations?
The organization primarily funds its operations through membership dues, event fees, and other related activities, as indicated by its consistent revenue streams reported in its IRS 990 filings, such as $121,198 in its latest period.
What is the trend in the organization's assets?
The organization's assets have fluctuated, ranging from a low of $19,036 in 2017 to a high of $77,140 in 2018, currently standing at $51,726. This indicates a relatively stable but not significantly growing asset base.
Does the organization have significant liabilities?
No, the organization generally maintains very low liabilities, often under $1,000, and even reported $0 in 2015 and 2017, suggesting strong financial management regarding debt.
Filing History
IRS 990 filing history for Franklin County Chamber Of Commerce showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2020), Franklin County Chamber Of Commerce's revenue has grown by 13.6%, moving from $73K to $83K. Total assets decreased by 25.9% over the same period, from $70K to $52K. Total functional expenses fell by 25.4%, from $116K to $86K. In its most recent filing year (2020), Franklin County Chamber Of Commerce reported a deficit of $3K, with expenses exceeding revenue. The organization holds $644 in liabilities against $52K in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $51K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $83K | $86K | $52K | $644 | — | — |
| 2019 | $95K | $118K | $55K | $995 | — | View 990 |
| 2018 | $136K | $133K | $77K | $30 | — | View 990 |
| 2017 | $74K | $129K | $19K | $0 | — | View 990 |
| 2015 | $103K | $101K | $62K | $0 | — | View 990 |
| 2014 | $108K | $102K | $60K | $272 | — | View 990 |
| 2013 | $90K | $82K | $56K | $2K | — | View 990 |
| 2012 | $92K | $112K | $47K | $3K | — | View 990 |
| 2011 | $73K | $116K | $70K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $83K, expenses of $86K, and assets of $52K (revenue -12.1% year-over-year).
- 2019: Revenue of $95K, expenses of $118K, and assets of $55K (revenue -30.2% year-over-year).
- 2018: Revenue of $136K, expenses of $133K, and assets of $77K (revenue +84.6% year-over-year).
- 2017: Revenue of $74K, expenses of $129K, and assets of $19K (revenue -28.8% year-over-year).
- 2015: Revenue of $103K, expenses of $101K, and assets of $62K (revenue -4.6% year-over-year).
- 2014: Revenue of $108K, expenses of $102K, and assets of $60K (revenue +20.2% year-over-year).
- 2013: Revenue of $90K, expenses of $82K, and assets of $56K (revenue -2.3% year-over-year).
- 2012: Revenue of $92K, expenses of $112K, and assets of $47K (revenue +25.4% year-over-year).
- 2011: Revenue of $73K, expenses of $116K, and assets of $70K.
Data Sources and Methodology
This transparency report for Franklin County Chamber Of Commerce 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.