Hancock County Auditorium Associates
Hancock County Auditorium Associates experienced a deficit in its most recent fiscal year, following a surplus.
EIN: 10332058 · Ellsworth, ME · NTEE: A610 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $539K |
| Total Expenses | $540K |
| Program Spending | 80% |
| Net Assets | $257K |
| Transparency Score | 75/100 |
Is Hancock County Auditorium Associates Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hancock County Auditorium Associates directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hancock County Auditorium Associates
Hancock County Auditorium Associates (EIN: 10332058) is a nonprofit organization based in Ellsworth, ME, classified under NTEE code A610. The organization reported total revenue of $539K and total assets of $632K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hancock County Auditorium Associates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hancock County Auditorium Associates is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $443K |
| Total Expenses | $540K |
| Surplus / Deficit | $-97,256 |
| Total Assets | $659K |
| Total Liabilities | $402K |
| Net Assets | $257K |
| Operating Margin | -21.9% |
| Debt-to-Asset Ratio | 61.0% |
| Months of Reserves | 14.6 months |
Financial Health Grade: C
In 2023, Hancock County Auditorium Associates reported a deficit of $97K with expenses exceeding revenue, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 61.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hancock County Auditorium Associates's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.4% | +12.2% | -1.8% |
| 2022 | +110.8% | +58.1% | -1.7% |
| 2021 | -38.6% | -38.0% | -9.1% |
| 2020 | -28.1% | -26.5% | +8.2% |
| 2019 | -11.9% | -9.8% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Hancock County Auditorium Associates 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, Hancock County Auditorium Associates 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 $97K, with expenses exceeding revenue.
- Debt-to-asset ratio: 61.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated at very low levels, which is a positive sign for donor confidence and 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.
Red Flags
The following concerns were identified during AI analysis of Hancock County Auditorium Associates's IRS 990 filings:
- Deficit in the most recent fiscal year (202306), with expenses exceeding revenue by $97,256.
- Fluctuating annual net income, indicating potential unpredictability in financial performance.
Strengths
The following positive indicators were identified for Hancock County Auditorium Associates:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Long history of IRS 990 filings (13 filings), suggesting good compliance and transparency.
- Maintained a relatively stable asset base over many years, demonstrating some financial resilience.
Frequently Asked Questions about Hancock County Auditorium Associates
Is Hancock County Auditorium Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Hancock County Auditorium Associates (EIN: 10332058) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Hancock County Auditorium Associates spend its money?
Hancock County Auditorium Associates directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hancock County Auditorium Associates tax-deductible?
Hancock County Auditorium Associates is registered as a tax-exempt nonprofit (EIN: 10332058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hancock County Auditorium Associates's spending goes to programs?
Hancock County Auditorium Associates directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hancock County Auditorium Associates compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hancock County Auditorium Associates is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hancock County Auditorium Associates located?
Hancock County Auditorium Associates is headquartered in Ellsworth, Maine and files with the IRS under EIN 10332058. It is classified under NTEE code A610.
How many years of IRS 990 filings does Hancock County Auditorium Associates have?
Hancock County Auditorium Associates 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 $539K in total revenue.
Is Hancock County Auditorium Associates financially stable?
While the organization has maintained consistent assets, it experienced a deficit of $97,256 in the 202306 period ($443,154 revenue vs. $540,410 expenses), following a surplus in the prior year. This suggests some year-to-year variability in financial performance.
How does Hancock County Auditorium Associates manage executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating a volunteer or very low-paid executive leadership structure.
What is the trend in the organization's assets and liabilities?
Assets have generally remained stable, around $600,000-$700,000 in recent years, with $659,004 in 202306. Liabilities have fluctuated, reaching $401,709 in 202306, which is higher than the previous year's $318,690.
Filing History
IRS 990 filing history for Hancock County Auditorium Associates showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hancock County Auditorium Associates's revenue has declined by 20.7%, moving from $559K to $443K. Total assets decreased by 17.4% over the same period, from $798K to $659K. Total functional expenses fell by 4.3%, from $565K to $540K. In its most recent filing year (2023), Hancock County Auditorium Associates reported a deficit of $97K, with expenses exceeding revenue. The organization holds $402K in liabilities against $659K in assets (debt-to-asset ratio: 61.0%), resulting in net assets of $257K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $443K | $540K | $659K | $402K | — | — |
| 2022 | $557K | $482K | $671K | $319K | — | View 990 |
| 2021 | $264K | $305K | $683K | $384K | — | — |
| 2020 | $431K | $491K | $751K | $447K | — | View 990 |
| 2019 | $599K | $668K | $694K | $345K | — | View 990 |
| 2018 | $679K | $741K | $728K | $325K | — | View 990 |
| 2017 | $601K | $545K | $811K | $346K | — | View 990 |
| 2016 | $669K | $570K | $757K | $344K | — | View 990 |
| 2015 | $484K | $565K | $675K | $361K | — | View 990 |
| 2014 | $575K | $554K | $772K | $378K | — | View 990 |
| 2013 | $648K | $612K | $745K | $371K | — | View 990 |
| 2012 | $505K | $472K | $760K | $422K | — | View 990 |
| 2011 | $559K | $565K | $798K | $493K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $443K, expenses of $540K, and assets of $659K (revenue -20.4% year-over-year).
- 2022: Revenue of $557K, expenses of $482K, and assets of $671K (revenue +110.8% year-over-year).
- 2021: Revenue of $264K, expenses of $305K, and assets of $683K (revenue -38.6% year-over-year).
- 2020: Revenue of $431K, expenses of $491K, and assets of $751K (revenue -28.1% year-over-year).
- 2019: Revenue of $599K, expenses of $668K, and assets of $694K (revenue -11.9% year-over-year).
- 2018: Revenue of $679K, expenses of $741K, and assets of $728K (revenue +13.1% year-over-year).
- 2017: Revenue of $601K, expenses of $545K, and assets of $811K (revenue -10.3% year-over-year).
- 2016: Revenue of $669K, expenses of $570K, and assets of $757K (revenue +38.4% year-over-year).
- 2015: Revenue of $484K, expenses of $565K, and assets of $675K (revenue -15.9% year-over-year).
- 2014: Revenue of $575K, expenses of $554K, and assets of $772K (revenue -11.2% year-over-year).
- 2013: Revenue of $648K, expenses of $612K, and assets of $745K (revenue +28.3% year-over-year).
- 2012: Revenue of $505K, expenses of $472K, and assets of $760K (revenue -9.6% year-over-year).
- 2011: Revenue of $559K, expenses of $565K, and assets of $798K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hancock County Auditorium Associates:
Data Sources and Methodology
This transparency report for Hancock County Auditorium Associates 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.