Kennebec Valley Mental Health Center
Kennebec Valley Mental Health Center shows consistent revenue growth and healthy financial surpluses over the past decade.
EIN: 10265559 · Waterville, ME · NTEE: F80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45.1M |
| Total Expenses | $39.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $41.85 |
| Net Assets | $8.0M |
| Transparency Score | 85/100 |
Is Kennebec Valley Mental Health Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennebec Valley Mental Health Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennebec Valley Mental Health Center
Kennebec Valley Mental Health Center (EIN: 10265559) is a nonprofit organization based in Waterville, ME, classified under NTEE code F80Z. The organization reported total revenue of $45.1M and total assets of $28.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebec Valley Mental Health Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kennebec Valley Mental Health Center is a large nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.8M |
| Total Expenses | $39.4M |
| Surplus / Deficit | +$2.5M |
| Total Assets | $18.6M |
| Total Liabilities | $10.6M |
| Net Assets | $8.0M |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 57.2% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2023, Kennebec Valley Mental Health Center reported a surplus of $2.5M with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 57.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kennebec Valley Mental Health Center's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.9% | +8.1% | +16.6% |
| 2022 | -1.9% | -1.3% | +9.2% |
| 2021 | +22.6% | +17.2% | -9.9% |
| 2020 | -0.8% | +3.3% | +33.2% |
| 2019 | +2.4% | +1.2% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Kennebec Valley Mental Health Center 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kennebec Valley Mental Health Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $2.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.2%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all listed periods, which is unusual for an organization of this size ($41.85 million in revenue in 2023) and warrants further investigation into how executive compensation is reported or structured.
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 Mental Health Center's IRS 990 filings:
- Unclear executive compensation reporting (0% officer comp listed for all periods despite significant revenue).
Strengths
The following positive indicators were identified for Kennebec Valley Mental Health Center:
- Consistent revenue growth, increasing from $24.46M in 2014 to $41.85M in 2023.
- Consistent operational surpluses, indicating sound financial management (e.g., $2.47M surplus in 2023).
- Healthy asset growth, from $6.76M in 2014 to $18.57M in 2023, enhancing long-term stability.
- Low liabilities relative to assets, suggesting good financial solvency (e.g., $10.62M liabilities vs. $18.57M assets in 2023).
Frequently Asked Questions about Kennebec Valley Mental Health Center
Is Kennebec Valley Mental Health Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Kennebec Valley Mental Health Center (EIN: 10265559) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Kennebec Valley Mental Health Center spend its money?
Kennebec Valley Mental Health Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kennebec Valley Mental Health Center tax-deductible?
Kennebec Valley Mental Health Center is registered as a tax-exempt nonprofit (EIN: 10265559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kennebec Valley Mental Health Center CEO make?
Kennebec Valley Mental Health Center's highest-compensated officer earns $41.85 annually. The organization reported $45.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kennebec Valley Mental Health Center's spending goes to programs?
Kennebec Valley Mental Health Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kennebec Valley Mental Health Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kennebec Valley Mental Health Center is above average for NTEE category F80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kennebec Valley Mental Health Center located?
Kennebec Valley Mental Health Center is headquartered in Waterville, Maine and files with the IRS under EIN 10265559. It is classified under NTEE code F80Z.
How many years of IRS 990 filings does Kennebec Valley Mental Health Center have?
Kennebec Valley Mental Health Center 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 $45.1M in total revenue.
How is executive compensation structured and reported, given the 0% officer compensation listed?
The provided data consistently shows 0% for officer compensation across all filings. This is atypical for an organization of this scale and suggests that executive compensation might be reported under different categories or through a related entity, requiring a deeper dive into the full 990 forms for clarity.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the summary data indicates overall expenses, a detailed functional expense breakdown (e.g., Part IX of the Form 990) is needed to precisely determine the percentages allocated to programs, administration, and fundraising. This would provide a clearer picture of spending efficiency.
What are the primary sources of revenue for the organization?
The summary data only provides total revenue. To understand the organization's funding model, it would be important to know the breakdown of revenue sources, such as government grants, program service fees, contributions, and investment income.
Filing History
IRS 990 filing history for Kennebec Valley Mental Health Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kennebec Valley Mental Health Center's revenue has grown by 112.9%, moving from $19.7M to $41.8M. Total assets increased by 236.1% over the same period, from $5.5M to $18.6M. Total functional expenses rose by 100.9%, from $19.6M to $39.4M. In its most recent filing year (2023), Kennebec Valley Mental Health Center reported a surplus of $2.5M, with revenue exceeding expenses. The organization holds $10.6M in liabilities against $18.6M in assets (debt-to-asset ratio: 57.2%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.8M | $39.4M | $18.6M | $10.6M | — | View 990 |
| 2022 | $37.1M | $36.4M | $15.9M | $10.4M | — | View 990 |
| 2021 | $37.8M | $36.9M | $14.6M | $9.7M | — | View 990 |
| 2020 | $30.8M | $31.5M | $16.2M | $12.2M | — | View 990 |
| 2019 | $31.1M | $30.5M | $12.2M | $7.5M | — | View 990 |
| 2018 | $30.3M | $30.1M | $11.1M | $7.5M | — | View 990 |
| 2017 | $27.5M | $26.8M | $9.6M | $6.2M | — | View 990 |
| 2016 | $26.3M | $26.2M | $7.9M | $5.2M | — | View 990 |
| 2015 | $26.3M | $25.9M | $7.2M | $4.5M | — | View 990 |
| 2014 | $24.5M | $24.2M | $6.8M | $4.5M | — | View 990 |
| 2013 | $23.4M | $23.2M | $5.4M | $3.4M | — | View 990 |
| 2012 | $21.4M | $21.1M | $5.7M | $3.9M | — | View 990 |
| 2011 | $19.7M | $19.6M | $5.5M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.8M, expenses of $39.4M, and assets of $18.6M (revenue +12.9% year-over-year).
- 2022: Revenue of $37.1M, expenses of $36.4M, and assets of $15.9M (revenue -1.9% year-over-year).
- 2021: Revenue of $37.8M, expenses of $36.9M, and assets of $14.6M (revenue +22.6% year-over-year).
- 2020: Revenue of $30.8M, expenses of $31.5M, and assets of $16.2M (revenue -0.8% year-over-year).
- 2019: Revenue of $31.1M, expenses of $30.5M, and assets of $12.2M (revenue +2.4% year-over-year).
- 2018: Revenue of $30.3M, expenses of $30.1M, and assets of $11.1M (revenue +10.3% year-over-year).
- 2017: Revenue of $27.5M, expenses of $26.8M, and assets of $9.6M (revenue +4.4% year-over-year).
- 2016: Revenue of $26.3M, expenses of $26.2M, and assets of $7.9M (revenue +0.2% year-over-year).
- 2015: Revenue of $26.3M, expenses of $25.9M, and assets of $7.2M (revenue +7.4% year-over-year).
- 2014: Revenue of $24.5M, expenses of $24.2M, and assets of $6.8M (revenue +4.5% year-over-year).
- 2013: Revenue of $23.4M, expenses of $23.2M, and assets of $5.4M (revenue +9.2% year-over-year).
- 2012: Revenue of $21.4M, expenses of $21.1M, and assets of $5.7M (revenue +9.1% year-over-year).
- 2011: Revenue of $19.7M, expenses of $19.6M, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kennebec Valley Mental Health Center:
Data Sources and Methodology
This transparency report for Kennebec Valley Mental Health Center 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.