Hospice Volunteers Of Waterville Area
Hospice Volunteers Of Waterville Area: Consistent Mission, Declining Revenue
EIN: 222503856 · Waterville, ME · NTEE: P74N · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $103K |
| Total Expenses | $207K |
| Program Spending | 75% |
| Net Assets | $403K |
| Transparency Score | 85/100 |
Is Hospice Volunteers Of Waterville Area Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hospice Volunteers Of Waterville Area directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hospice Volunteers Of Waterville Area
Hospice Volunteers Of Waterville Area (EIN: 222503856) is a nonprofit organization based in Waterville, ME, classified under NTEE code P74N. The organization reported total revenue of $103K and total assets of $379K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospice Volunteers Of Waterville Area's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospice Volunteers Of Waterville Area is a small nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $140K |
| Total Expenses | $207K |
| Surplus / Deficit | $-67,016 |
| Total Assets | $432K |
| Total Liabilities | $29K |
| Net Assets | $403K |
| Operating Margin | -47.9% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 25.0 months |
Financial Health Grade: B
In 2023, Hospice Volunteers Of Waterville Area reported a deficit of $67K with expenses exceeding revenue, holds 25.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Hospice Volunteers Of Waterville Area's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.4% | -10.8% | -9.8% |
| 2022 | -41.9% | +12.2% | -21.3% |
| 2021 | +88.8% | +1.8% | +8.3% |
| 2020 | -51.1% | -9.9% | -5.1% |
| 2019 | +3.2% | -3.5% | +14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Hospice Volunteers Of Waterville Area 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Hospice Volunteers Of Waterville Area allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $67K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.7%.
Executive Compensation Analysis
The organization reports zero compensation for officers, directors, trustees, and key employees, indicating a volunteer-led executive structure.
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 Hospice Volunteers Of Waterville Area's IRS 990 filings:
- Significant decline in revenue from $281,701 in 2019 to $140,037 in 2023.
- Net assets have decreased from $592,584 in 2019 to $432,078 in 2023.
Strengths
The following positive indicators were identified for Hospice Volunteers Of Waterville Area:
- Consistent mission focus on hospice volunteering.
- Zero executive compensation, indicating a strong volunteer ethos.
- Maintains a healthy asset base relative to its annual expenses.
Frequently Asked Questions about Hospice Volunteers Of Waterville Area
Is Hospice Volunteers Of Waterville Area a legitimate charity?
Hospice Volunteers Of Waterville Area (EIN: 222503856) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $103K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hospice Volunteers Of Waterville Area spend its money?
Hospice Volunteers Of Waterville Area directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Hospice Volunteers Of Waterville Area tax-deductible?
Hospice Volunteers Of Waterville Area is registered as a tax-exempt nonprofit (EIN: 222503856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hospice Volunteers Of Waterville Area's spending goes to programs?
Hospice Volunteers Of Waterville Area directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hospice Volunteers Of Waterville Area compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hospice Volunteers Of Waterville Area is above average for NTEE category P74N nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hospice Volunteers Of Waterville Area located?
Hospice Volunteers Of Waterville Area is headquartered in Waterville, Maine and files with the IRS under EIN 222503856. It is classified under NTEE code P74N.
How many years of IRS 990 filings does Hospice Volunteers Of Waterville Area have?
Hospice Volunteers Of Waterville Area has 14 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 $103K in total revenue.
What does Hospice Volunteers Of Waterville Area do?
Hospice Volunteers Of Waterville Area is a nonprofit organization in the Human Services sector, located in Waterville, Maine. It is classified under NTEE code P74N.
How much revenue does Hospice Volunteers Of Waterville Area have?
Hospice Volunteers Of Waterville Area reported total revenue of $102,793. Based on 14 IRS 990 filings on record.
What are Hospice Volunteers Of Waterville Area's total assets?
Hospice Volunteers Of Waterville Area holds total assets of $378,767 as reported in IRS 990 filings.
Where is Hospice Volunteers Of Waterville Area located?
Hospice Volunteers Of Waterville Area is based in Waterville, Maine.
What is Hospice Volunteers Of Waterville Area's EIN?
Hospice Volunteers Of Waterville Area's Employer Identification Number (EIN) is 222503856. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hospice Volunteers Of Waterville Area?
Hospice Volunteers Of Waterville Area is classified under NTEE code P74N (Human Services).
Is Hospice Volunteers Of Waterville Area a registered 501(c)(3)?
Yes, Hospice Volunteers Of Waterville Area is recognized as a tax-exempt organization by the IRS. EIN: 222503856.
Does Hospice Volunteers Of Waterville Area file IRS Form 990?
Yes, Hospice Volunteers Of Waterville Area has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Hospice Volunteers Of Waterville Area's revenue in 2023?
In the 202312 filing period, Hospice Volunteers Of Waterville Area reported total revenue of $140,037, total expenses of $207,053, and net assets of $432,078.
Is Hospice Volunteers Of Waterville Area's revenue growing or declining?
Hospice Volunteers Of Waterville Area's revenue is declining. Revenue went from $151,194 (202212) to $140,037 (202312), a -7.4% change. Based on 14 filings on record.
What is Hospice Volunteers Of Waterville Area's most recent 990 filing?
The most recent IRS Form 990 filing for Hospice Volunteers Of Waterville Area covers tax period 202312. It shows revenue of $140,037, expenses of $207,053, total assets of $432,078, and liabilities of $28,957.
How much does Hospice Volunteers Of Waterville Area spend on programs vs administration?
Based on IRS 990 analysis, Hospice Volunteers Of Waterville Area allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Hospice Volunteers Of Waterville Area a trustworthy charity?
Based on AI analysis of IRS 990 data, Hospice Volunteers Of Waterville Area appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Hospice Volunteers Of Waterville Area?
The following concerns were identified: Significant decline in revenue from $281,701 in 2019 to $140,037 in 2023.. Net assets have decreased from $592,584 in 2019 to $432,078 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hospice Volunteers Of Waterville Area's strengths?
Positive indicators for Hospice Volunteers Of Waterville Area include: Consistent mission focus on hospice volunteering.. Zero executive compensation, indicating a strong volunteer ethos.. Maintains a healthy asset base relative to its annual expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Hospice Volunteers Of Waterville Area compensate executives?
The organization reports zero compensation for officers, directors, trustees, and key employees, indicating a volunteer-led executive structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Hospice Volunteers Of Waterville Area?
- Financial filings are consistently available on an annual basis. - The organization's Form 990-EZ provides limited detail compared to a full Form 990. - No specific transparency report or detailed impact report is readily available. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has the organization sustained its operations with a significant revenue decline over the past five years?
The organization has managed to sustain operations by reducing expenses from $225,608 in 2019 to $207,053 in 2023, and by drawing down on its net assets.
What is the primary source of the organization's revenue, given the fluctuations?
The Form 990-EZ filings indicate that contributions, gifts, grants, and similar amounts are the primary source of revenue, but specific breakdowns are not provided in the summary data.
Filing History
IRS 990 filing history for Hospice Volunteers Of Waterville Area showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hospice Volunteers Of Waterville Area's revenue has declined by 24.6%, moving from $186K to $140K. Total assets decreased by 8.7% over the same period, from $473K to $432K. Total functional expenses fell by 28.2%, from $288K to $207K. In its most recent filing year (2023), Hospice Volunteers Of Waterville Area reported a deficit of $67K, with expenses exceeding revenue. The organization holds $29K in liabilities against $432K in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $403K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $140K | $207K | $432K | $29K | — | — |
| 2022 | $151K | $232K | $479K | $31K | — | View 990 |
| 2021 | $260K | $207K | $609K | $31K | — | View 990 |
| 2020 | $138K | $203K | $562K | $60K | — | View 990 |
| 2019 | $282K | $226K | $593K | $35K | — | View 990 |
| 2018 | $273K | $234K | $516K | $36K | — | View 990 |
| 2017 | $241K | $223K | $489K | $38K | — | View 990 |
| 2016 | $254K | $196K | $469K | $40K | — | View 990 |
| 2015 | $227K | $207K | $420K | $52K | — | View 990 |
| 2014 | $216K | $232K | $422K | $60K | — | View 990 |
| 2013 | $224K | $242K | $427K | $49K | — | View 990 |
| 2012 | $205K | $233K | $435K | $48K | — | View 990 |
| 2011 | $179K | $237K | $450K | $44K | — | View 990 |
| 2010 | $186K | $288K | $473K | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $140K, expenses of $207K, and assets of $432K (revenue -7.4% year-over-year).
- 2022: Revenue of $151K, expenses of $232K, and assets of $479K (revenue -41.9% year-over-year).
- 2021: Revenue of $260K, expenses of $207K, and assets of $609K (revenue +88.8% year-over-year).
- 2020: Revenue of $138K, expenses of $203K, and assets of $562K (revenue -51.1% year-over-year).
- 2019: Revenue of $282K, expenses of $226K, and assets of $593K (revenue +3.2% year-over-year).
- 2018: Revenue of $273K, expenses of $234K, and assets of $516K (revenue +13.3% year-over-year).
- 2017: Revenue of $241K, expenses of $223K, and assets of $489K (revenue -5.1% year-over-year).
- 2016: Revenue of $254K, expenses of $196K, and assets of $469K (revenue +11.8% year-over-year).
- 2015: Revenue of $227K, expenses of $207K, and assets of $420K (revenue +5.2% year-over-year).
- 2014: Revenue of $216K, expenses of $232K, and assets of $422K (revenue -3.5% year-over-year).
- 2013: Revenue of $224K, expenses of $242K, and assets of $427K (revenue +8.9% year-over-year).
- 2012: Revenue of $205K, expenses of $233K, and assets of $435K (revenue +15.0% year-over-year).
- 2011: Revenue of $179K, expenses of $237K, and assets of $450K (revenue -3.8% year-over-year).
- 2010: Revenue of $186K, expenses of $288K, and assets of $473K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospice Volunteers Of Waterville Area:
Data Sources and Methodology
This transparency report for Hospice Volunteers Of Waterville Area 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.