Hermon Historical Society

Hermon Historical Society operates with minimal revenue and expenses, reporting $0 in assets and liabilities in its latest filing.

EIN: 10426279 · Hermon, ME · Updated: 2026-03-28

$1KRevenue

$0Assets

70/100Mission Score (Good)

About Hermon Historical Society

Hermon Historical Society (EIN: 10426279) is a nonprofit organization based in Hermon, ME. The organization reported total revenue of $1K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hermon Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Hermon Historical Society appears to be a very small, volunteer-run organization with minimal financial activity. Its latest reported revenue was $1,371 in 2018, with expenses of only $125, indicating a surplus for that period. Over its filing history, revenue has been consistently low, often under $1,000, and expenses have also been minimal, sometimes $0. The organization reported $0 in assets and liabilities in its latest filing, which is unusual for a historical society and suggests either very limited physical holdings or that assets are not being reported on the 990-EZ form. The lack of reported assets could be a transparency concern, as historical societies typically hold collections. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven model, which is positive for efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hermon Historical Society with a Mission Score of 70 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: 0%
programs: 100%
fundraising: 0%

According to IRS 990 filings, Hermon Historical Society allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that the organization is entirely volunteer-run and no officers receive salaries, which is appropriate given its extremely small size and 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 Hermon Historical Society's IRS 990 filings:

Reporting $0 in assets for a historical society, which typically holds collections, raises questions about asset management and reporting.
NTEE code is unknown, which can make it harder to benchmark against similar organizations.

Strengths

The following positive indicators were identified for Hermon Historical Society:

Consistently reports 0% officer compensation, indicating a volunteer-driven model and efficient use of funds.
Expenses are extremely low, demonstrating fiscal conservatism and efficient operation given its scale.
Revenue has generally exceeded expenses in recent periods, indicating financial stability at its current small scale.

Frequently Asked Questions about Hermon Historical Society

What are the Hermon Historical Society's primary activities given its minimal expenses?

With expenses as low as $125 in 2018 and often $0 in previous years, the organization's activities are likely very limited, possibly focusing on basic administrative tasks, small community events, or maintaining a very small collection without significant operational costs.

Why does the organization report $0 in assets in its latest filing, especially for a historical society?

Reporting $0 in assets for a historical society is unusual. It could mean that any historical artifacts or collections are not formally owned by the organization, are held in trust, or are not valued on the balance sheet for 990-EZ purposes. This warrants further inquiry to understand the disposition of its historical holdings.

How does the Hermon Historical Society sustain itself with such low revenue?

The organization sustains itself through very low operational costs, primarily relying on volunteer efforts and minimal expenses. Its revenue, though small, has generally exceeded or covered its expenses in most reported periods, allowing it to operate without significant deficits.

Filing History

IRS 990 filing history for Hermon Historical Society showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2011–2018), Hermon Historical Society's revenue has grown by 1169.4%, moving from $108 to $1K. Total assets decreased by 100% over the same period, from $3K to $0. In its most recent filing year (2018), Hermon Historical Society reported a surplus of $1K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2018	$1K	$125	$0	$0	—	—
2016	$0	$125	$3K	$0	—	View 990
2015	$565	$325	$3K	$0	—	View 990
2014	$80	$0	$2K	$0	—	—
2013	$80	$0	$2K	$0	—	View 990
2012	$40	$0	$2K	$0	—	View 990
2011	$108	$0	$3K	$1K	—	View 990

Year-by-Year Financial Summary

2018: Revenue of $1K, expenses of $125, and assets of $0.
2016: Revenue of $0, expenses of $125, and assets of $3K (revenue -100.0% year-over-year).
2015: Revenue of $565, expenses of $325, and assets of $3K (revenue +606.3% year-over-year).
2014: Revenue of $80, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
2013: Revenue of $80, expenses of $0, and assets of $2K (revenue +100.0% year-over-year).
2012: Revenue of $40, expenses of $0, and assets of $2K (revenue -63.0% year-over-year).
2011: Revenue of $108, expenses of $0, and assets of $3K.

Data Sources and Methodology

This transparency report for Hermon Historical Society 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.