Franklin Ski & Outing Club Inc
Franklin Ski & Outing Club Inc maintains stable assets with no reported officer compensation amidst fluctuating revenues.
EIN: 10219222 · W Farmington, ME · NTEE: N68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $433K |
| Program Spending | 90% |
| Net Assets | $399K |
| Transparency Score | 85/100 |
Is Franklin Ski & Outing Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin Ski & Outing Club Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin Ski & Outing Club Inc
Franklin Ski & Outing Club Inc (EIN: 10219222) is a nonprofit organization based in W Farmington, ME, classified under NTEE code N68. The organization reported total revenue of $230K and total assets of $249K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Ski & Outing Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Ski & Outing Club Inc is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $374K |
| Total Expenses | $433K |
| Surplus / Deficit | $-59,184 |
| Total Assets | $402K |
| Total Liabilities | $3K |
| Net Assets | $399K |
| Operating Margin | -15.8% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2023, Franklin Ski & Outing Club Inc reported a deficit of $59K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Franklin Ski & Outing Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.9% | -24.2% | -18.9% |
| 2022 | -16.3% | +37.8% | -1.1% |
| 2021 | +82.1% | +8.8% | +116.8% |
| 2020 | +3.1% | +27.8% | +19.7% |
| 2019 | -13.9% | -29.5% | +54.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
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 Ski & Outing Club Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Franklin Ski & Outing Club Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $59K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all six filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not reported as officer compensation, which is a strong positive for resource allocation.
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.
Strengths
The following positive indicators were identified for Franklin Ski & Outing Club Inc:
- Consistent 0% officer compensation across all filings, indicating strong resource allocation to mission.
- Healthy and growing asset base, increasing from $125,087 in 2018 to $401,551 in 2023.
- Low liabilities relative to assets, suggesting good financial management and limited debt.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Franklin Ski & Outing Club Inc
Is Franklin Ski & Outing Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Ski & Outing Club Inc (EIN: 10219222) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Franklin Ski & Outing Club Inc spend its money?
Franklin Ski & Outing Club Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franklin Ski & Outing Club Inc tax-deductible?
Franklin Ski & Outing Club Inc is registered as a tax-exempt nonprofit (EIN: 10219222). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Franklin Ski & Outing Club Inc's spending goes to programs?
Franklin Ski & Outing Club Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Franklin Ski & Outing Club Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Franklin Ski & Outing Club Inc is above average for NTEE category N68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Franklin Ski & Outing Club Inc located?
Franklin Ski & Outing Club Inc is headquartered in W Farmington, Maine and files with the IRS under EIN 10219222. It is classified under NTEE code N68.
How many years of IRS 990 filings does Franklin Ski & Outing Club Inc have?
Franklin Ski & Outing Club Inc has 6 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 $230K in total revenue.
Is Franklin Ski & Outing Club Inc a good charity?
Based on the provided data, the Franklin Ski & Outing Club Inc appears to be a well-managed organization. It consistently reports 0% officer compensation, maintains a healthy asset base (growing from $125,087 in 2018 to $401,551 in 2023), and has low liabilities. These factors suggest strong financial stewardship and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has shown growth in assets, from $125,087 in 2018 to $401,551 in 2023. While revenues and expenses have fluctuated significantly year-to-year (e.g., revenue from $695,699 in 2021 to $373,519 in 2023), the organization has generally managed to maintain or increase its net assets and keep liabilities low.
What is the trend in revenue and expenses?
Revenue and expenses have shown considerable volatility. Revenue peaked at $695,699 in 2021 and then decreased to $373,519 in 2023. Expenses generally track revenue, with the highest expenses of $570,896 in 2022. The organization has experienced both surplus and deficit years, such as a $281,422 surplus in 2021 and a $59,184 deficit in 2023.
Filing History
IRS 990 filing history for Franklin Ski & Outing Club Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Franklin Ski & Outing Club Inc's revenue has declined by 13.2%, moving from $430K to $374K. Total assets increased by 221% over the same period, from $125K to $402K. Total functional expenses rose by 2.4%, from $422K to $433K. In its most recent filing year (2023), Franklin Ski & Outing Club Inc reported a deficit of $59K, with expenses exceeding revenue. The organization holds $3K in liabilities against $402K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $399K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $374K | $433K | $402K | $3K | — | — |
| 2022 | $582K | $571K | $495K | $2K | — | View 990 |
| 2021 | $696K | $414K | $500K | $19K | — | — |
| 2020 | $382K | $381K | $231K | $31K | — | View 990 |
| 2019 | $371K | $298K | $193K | $22K | — | View 990 |
| 2018 | $430K | $422K | $125K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $374K, expenses of $433K, and assets of $402K (revenue -35.9% year-over-year).
- 2022: Revenue of $582K, expenses of $571K, and assets of $495K (revenue -16.3% year-over-year).
- 2021: Revenue of $696K, expenses of $414K, and assets of $500K (revenue +82.1% year-over-year).
- 2020: Revenue of $382K, expenses of $381K, and assets of $231K (revenue +3.1% year-over-year).
- 2019: Revenue of $371K, expenses of $298K, and assets of $193K (revenue -13.9% year-over-year).
- 2018: Revenue of $430K, expenses of $422K, and assets of $125K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Ski & Outing Club Inc:
Data Sources and Methodology
This transparency report for Franklin Ski & Outing Club Inc 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.