Houlton Chamber Of Commerce

Houlton Chamber Of Commerce shows consistent revenue growth and asset accumulation, but carries significant liabilities.

EIN: 10192722 · Houlton, ME · Updated: 2026-03-28

$78KRevenue

$52KAssets

75/100Mission Score (Good)

About Houlton Chamber Of Commerce

Houlton Chamber Of Commerce (EIN: 10192722) is a nonprofit organization based in Houlton, ME. The organization reported total revenue of $78K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Houlton Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Houlton Chamber Of Commerce demonstrates consistent financial activity, with revenues generally outpacing expenses in recent years, leading to a growth in assets. For instance, in 2023, revenue was $86,588 against expenses of $75,521, contributing to an increase in assets to $64,417 from $45,872 in 2022. However, the organization carries a significant amount of liabilities, often approaching or exceeding its assets in some periods, such as in 2022 where liabilities were $53,301 against assets of $45,872. This indicates a reliance on debt or short-term obligations.

Spending efficiency appears reasonable given the nature of a Chamber of Commerce, which typically focuses on community and business support. Without a detailed breakdown of program vs. administrative expenses, it's challenging to precisely assess efficiency, but the overall expense levels are consistent with their revenue. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for resource allocation.

Transparency is generally good, with a consistent filing history of 13 IRS 990s. The absence of officer compensation simplifies the analysis of executive pay. However, the lack of NTEE code information and detailed program spending in the provided data limits a deeper understanding of their specific programmatic impact and how efficiently funds are directed to their mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Houlton 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, Houlton Chamber Of Commerce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for a small organization of its size.

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 Houlton Chamber Of Commerce's IRS 990 filings:

High liabilities relative to assets in several periods (e.g., 2022: liabilities $53,301, assets $45,872)
Lack of detailed functional expense breakdown in provided data, making program efficiency difficult to fully assess.

Strengths

The following positive indicators were identified for Houlton Chamber Of Commerce:

Consistent revenue generation and growth over the past decade, from $50,649 in 2014 to $86,588 in 2023.
Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
Positive net income in most recent years, contributing to asset growth (e.g., $11,067 surplus in 2023).
Strong filing history with 13 IRS 990s, demonstrating good transparency.

Frequently Asked Questions about Houlton Chamber Of Commerce

Is Houlton Chamber Of Commerce financially stable?

While the organization has shown consistent revenue and asset growth in recent years, its liabilities often represent a significant portion of its assets (e.g., $60,779 in liabilities vs. $64,417 in assets in 2023), suggesting a need for careful financial management to maintain stability.

How does Houlton Chamber Of Commerce manage its expenses?

Expenses have generally been kept below revenue in recent years, such as $75,521 in expenses against $86,588 in revenue in 2023, indicating prudent spending relative to income. However, without a detailed functional expense breakdown, specific efficiency areas are unclear.

What is the trend in the organization's assets and liabilities?

Assets have shown a positive trend, growing from $20,543 in 2014 to $64,417 in 2023. Liabilities have also increased significantly over time, reaching $60,779 in 2023, often staying close to or exceeding asset levels in some periods.

Filing History

IRS 990 filing history for Houlton Chamber Of Commerce showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Houlton Chamber Of Commerce's revenue has grown by 22.5%, moving from $71K to $87K. Total assets increased by 153.9% over the same period, from $25K to $64K. Total functional expenses rose by 28%, from $59K to $76K. In its most recent filing year (2023), Houlton Chamber Of Commerce reported a surplus of $11K, with revenue exceeding expenses. The organization holds $61K in liabilities against $64K in assets (debt-to-asset ratio: 94.4%), resulting in net assets of $4K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$87K	$76K	$64K	$61K	—	—
2022	$96K	$89K	$46K	$53K	—	View 990
2021	$79K	$88K	$42K	$57K	—	View 990
2020	$74K	$68K	$42K	$11K	—	View 990
2019	$78K	$70K	$33K	$8K	—	View 990
2018	$83K	$71K	$27K	$10K	—	View 990
2017	$83K	$73K	$28K	$23K	—	View 990
2016	$63K	$70K	$21K	$26K	—	View 990
2015	$62K	$59K	$47K	$45K	—	View 990
2014	$51K	$68K	$21K	$22K	—	View 990
2013	$52K	$57K	$25K	$9K	—	View 990
2012	$52K	$51K	$25K	$4K	—	View 990
2011	$71K	$59K	$25K	$6K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $87K, expenses of $76K, and assets of $64K (revenue -9.6% year-over-year).
2022: Revenue of $96K, expenses of $89K, and assets of $46K (revenue +21.9% year-over-year).
2021: Revenue of $79K, expenses of $88K, and assets of $42K (revenue +5.9% year-over-year).
2020: Revenue of $74K, expenses of $68K, and assets of $42K (revenue -4.4% year-over-year).
2019: Revenue of $78K, expenses of $70K, and assets of $33K (revenue -6.7% year-over-year).
2018: Revenue of $83K, expenses of $71K, and assets of $27K (revenue -0.1% year-over-year).
2017: Revenue of $83K, expenses of $73K, and assets of $28K (revenue +33.1% year-over-year).
2016: Revenue of $63K, expenses of $70K, and assets of $21K (revenue +0.4% year-over-year).
2015: Revenue of $62K, expenses of $59K, and assets of $47K (revenue +23.1% year-over-year).
2014: Revenue of $51K, expenses of $68K, and assets of $21K (revenue -2.9% year-over-year).
2013: Revenue of $52K, expenses of $57K, and assets of $25K (revenue +0.1% year-over-year).
2012: Revenue of $52K, expenses of $51K, and assets of $25K (revenue -26.2% year-over-year).
2011: Revenue of $71K, expenses of $59K, and assets of $25K.

Data Sources and Methodology

This transparency report for Houlton 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.