Kennebec Valley Council Of Governments

Kennebec Valley Council Of Governments experiences fluctuating revenue and occasional deficits, with no reported officer compensation.

EIN: 10488478 · Fairfield, ME · NTEE: S30Z · Updated: 2026-03-28

$617KRevenue

$3.7MAssets

70/100Mission Score (Good)

S30Z

About Kennebec Valley Council Of Governments

Kennebec Valley Council Of Governments (EIN: 10488478) is a nonprofit organization based in Fairfield, ME, classified under NTEE code S30Z. The organization reported total revenue of $617K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebec Valley Council Of Governments's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Kennebec Valley Council Of Governments demonstrates a fluctuating financial picture over the past several years. While the organization reported a significant revenue of $1,583,667 in 2022, this dropped to $899,355 in 2023, accompanied by expenses exceeding revenue at $1,101,435. This trend of expenses occasionally surpassing revenue, as seen in 2023, 2020, 2017, 2016, and 2015, suggests potential reliance on reserves or prior year surpluses. The organization's assets have remained relatively stable, hovering around $3.5 million to $4.4 million, with current assets at $4,070,124 in 2023, indicating a reasonable asset base. However, the consistent reporting of 0% officer compensation across all available filings suggests either a volunteer leadership structure or that compensation is not reported in this specific field, which could impact the assessment of overall transparency regarding executive pay.

Spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent reporting of expenses often close to or exceeding revenue warrants closer examination. The organization's liabilities have shown a general downward trend from a high of $2,094,462 in 2014 to $926,496 in 2023, which is a positive indicator of improving financial leverage. The lack of reported officer compensation, while potentially a positive for cost efficiency, also limits the ability to fully assess transparency in leadership remuneration. Overall, the organization appears to manage its assets reasonably but needs to ensure long-term sustainability given the recent trend of expenses exceeding revenue.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Kennebec Valley Council Of Governments 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Kennebec Valley Council Of Governments 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership model or that executive compensation is not categorized under 'Officer Comp' in the provided data, which limits transparency regarding leadership remuneration relative to the organization's 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 Kennebec Valley Council Of Governments's IRS 990 filings:

Expenses exceeded revenue in multiple recent periods (e.g., $1,101,435 expenses vs. $899,355 revenue in 2023).
Significant year-over-year revenue volatility (e.g., $1.58M in 2022 down to $0.89M in 2023).
Lack of detailed expense breakdown (program, admin, fundraising) in provided data.

Strengths

The following positive indicators were identified for Kennebec Valley Council Of Governments:

Consistent reporting of 0% officer compensation, potentially indicating low overhead in leadership pay.
Decreasing trend in liabilities from $2,094,462 in 2014 to $926,496 in 2023, improving financial leverage.
Stable asset base, generally above $3.5 million, providing a foundation for operations.

Frequently Asked Questions about Kennebec Valley Council Of Governments

What is the detailed breakdown of program, administrative, and fundraising expenses for recent years?

The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to fully assess spending efficiency beyond total expenses.

Why does officer compensation consistently show as 0%?

The consistent reporting of 0% for officer compensation suggests either a fully volunteer leadership or that compensation is reported under a different expense category not specified in the provided data, warranting further inquiry for full transparency.

What caused the significant drop in revenue from $1,583,667 in 2022 to $899,355 in 2023?

The provided data does not specify the reasons for the year-over-year revenue fluctuations, particularly the substantial decrease observed between 2022 and 2023.

How does the organization plan to address periods where expenses exceed revenue, such as in 2023?

The data indicates several periods where expenses surpassed revenue (e.g., 2023, 2020, 2017). The organization's strategy for managing these deficits and ensuring long-term financial stability is not detailed in the provided information.

Filing History

IRS 990 filing history for Kennebec Valley Council Of Governments showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Kennebec Valley Council Of Governments's revenue has declined by 13.5%, moving from $1.0M to $899K. Total assets decreased by 20.9% over the same period, from $5.1M to $4.1M. Total functional expenses rose by 0.7%, from $1.1M to $1.1M. In its most recent filing year (2023), Kennebec Valley Council Of Governments reported a deficit of $202K, with expenses exceeding revenue. The organization holds $926K in liabilities against $4.1M in assets (debt-to-asset ratio: 22.8%), resulting in net assets of $3.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$899K	$1.1M	$4.1M	$926K	—	—
2022	$1.6M	$855K	$4.4M	$1.1M	—	View 990
2021	$1.6M	$1.1M	$3.7M	$1.1M	—	View 990
2020	$751K	$753K	$3.6M	$1.5M	—	View 990
2019	$751K	$753K	$3.6M	$1.5M	—	View 990
2018	$874K	$788K	$3.6M	$1.4M	—	View 990
2017	$655K	$1.1M	$3.6M	$1.6M	—	View 990
2016	$646K	$835K	$4.1M	$1.7M	—	View 990
2015	$718K	$818K	$4.5M	$1.8M	—	View 990
2014	$758K	$712K	$4.9M	$2.1M	—	View 990
2013	$832K	$1.1M	$4.8M	$2.1M	—	View 990
2012	$1.2M	$1.1M	$5.1M	$2.1M	—	View 990
2011	$1.0M	$1.1M	$5.1M	$2.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $899K, expenses of $1.1M, and assets of $4.1M (revenue -43.2% year-over-year).
2022: Revenue of $1.6M, expenses of $855K, and assets of $4.4M (revenue +1.4% year-over-year).
2021: Revenue of $1.6M, expenses of $1.1M, and assets of $3.7M (revenue +108.0% year-over-year).
2020: Revenue of $751K, expenses of $753K, and assets of $3.6M (revenue +0.0% year-over-year).
2019: Revenue of $751K, expenses of $753K, and assets of $3.6M (revenue -14.1% year-over-year).
2018: Revenue of $874K, expenses of $788K, and assets of $3.6M (revenue +33.4% year-over-year).
2017: Revenue of $655K, expenses of $1.1M, and assets of $3.6M (revenue +1.4% year-over-year).
2016: Revenue of $646K, expenses of $835K, and assets of $4.1M (revenue -10.0% year-over-year).
2015: Revenue of $718K, expenses of $818K, and assets of $4.5M (revenue -5.3% year-over-year).
2014: Revenue of $758K, expenses of $712K, and assets of $4.9M (revenue -8.8% year-over-year).
2013: Revenue of $832K, expenses of $1.1M, and assets of $4.8M (revenue -31.5% year-over-year).
2012: Revenue of $1.2M, expenses of $1.1M, and assets of $5.1M (revenue +16.8% year-over-year).
2011: Revenue of $1.0M, expenses of $1.1M, and assets of $5.1M.

Data Sources and Methodology

This transparency report for Kennebec Valley Council Of Governments 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.