Kennebec Valley Tourism Council
Kennebec Valley Tourism Council maintains stable finances with consistent surpluses and no officer compensation.
EIN: 10458264 · Waterville, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $295K |
| Total Expenses | $228K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $109K |
| Transparency Score | 85/100 |
Is Kennebec Valley Tourism Council Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennebec Valley Tourism Council directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kennebec Valley Tourism Council
Kennebec Valley Tourism Council (EIN: 10458264) is a nonprofit organization based in Waterville, ME. The organization reported total revenue of $295K and total assets of $122K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennebec Valley Tourism Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kennebec Valley Tourism Council is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $240K |
| Total Expenses | $228K |
| Surplus / Deficit | +$12K |
| Total Assets | $117K |
| Total Liabilities | $8K |
| Net Assets | $109K |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2024, Kennebec Valley Tourism Council reported a surplus of $12K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Kennebec Valley Tourism Council's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.4% | +0.3% | -6.8% |
| 2023 | +2.0% | +1.3% | +19.3% |
| 2022 | +51.5% | +46.5% | +39.8% |
| 2021 | -21.8% | -21.8% | -6.2% |
| 2020 | +9.1% | +1.3% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1994 |
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 Tourism Council 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Kennebec Valley Tourism Council allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with revenues around $200,000-$300,000 annually.
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.
Strengths
The following positive indicators were identified for Kennebec Valley Tourism Council:
- Consistent operational surpluses, such as $12,183 in 202406 (Revenue $240,020 - Expenses $227,837).
- 0% officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
- Healthy asset growth from $70,593 in 201506 to $117,468 in 202406.
- Low liabilities relative to assets, demonstrating strong financial solvency (e.g., $8,133 liabilities vs. $117,468 assets in 202406).
- Consistent IRS 990 filing history (13 filings) indicating transparency and compliance.
Frequently Asked Questions about Kennebec Valley Tourism Council
Is Kennebec Valley Tourism Council a legitimate charity?
Kennebec Valley Tourism Council (EIN: 10458264) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $295K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Kennebec Valley Tourism Council spend its money?
Kennebec Valley Tourism Council directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Kennebec Valley Tourism Council tax-deductible?
Kennebec Valley Tourism Council is registered as a tax-exempt nonprofit (EIN: 10458264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kennebec Valley Tourism Council CEO make?
Kennebec Valley Tourism Council's highest-compensated officer earns $200,000 annually. The organization reported $295K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kennebec Valley Tourism Council's spending goes to programs?
Kennebec Valley Tourism Council directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Kennebec Valley Tourism Council located?
Kennebec Valley Tourism Council is headquartered in Waterville, Maine and files with the IRS under EIN 10458264.
How many years of IRS 990 filings does Kennebec Valley Tourism Council have?
Kennebec Valley Tourism Council 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 $295K in total revenue.
Is Kennebec Valley Tourism Council a good charity?
Based on the provided financial data, the Kennebec Valley Tourism Council appears to be a well-managed organization. It consistently operates with surpluses, maintains a healthy asset-to-liability ratio, and notably reports 0% officer compensation, suggesting efficient use of funds for its mission.
How does the organization's revenue compare to its expenses?
The organization's revenue generally exceeds or closely matches its expenses. For example, in 202406, revenue was $240,020 and expenses were $227,837, resulting in a surplus. This trend is consistent across most years, indicating sound financial management.
What is the trend in the organization's assets?
The organization's assets have shown a positive trend over the past decade, growing from $70,593 in 201506 to $117,468 in 202406, indicating financial growth and stability.
Filing History
IRS 990 filing history for Kennebec Valley Tourism Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Kennebec Valley Tourism Council's revenue has grown by 76.6%, moving from $136K to $240K. Total assets increased by 231.3% over the same period, from $35K to $117K. Total functional expenses rose by 73.7%, from $131K to $228K. In its most recent filing year (2024), Kennebec Valley Tourism Council reported a surplus of $12K, with revenue exceeding expenses. The organization holds $8K in liabilities against $117K in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $109K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $240K | $228K | $117K | $8K | — | — |
| 2023 | $239K | $227K | $126K | $29K | — | View 990 |
| 2022 | $234K | $224K | $106K | $21K | — | View 990 |
| 2021 | $155K | $153K | $76K | $710 | — | — |
| 2020 | $198K | $196K | $81K | $7K | — | View 990 |
| 2019 | $181K | $193K | $73K | $2K | — | View 990 |
| 2018 | $192K | $202K | $104K | $20K | — | — |
| 2017 | $167K | $148K | $100K | $7K | — | View 990 |
| 2016 | $166K | $160K | $78K | $4K | — | View 990 |
| 2015 | $163K | $166K | $71K | $3K | — | View 990 |
| 2014 | $187K | $149K | $80K | $9K | — | View 990 |
| 2013 | $136K | $133K | $36K | $2K | — | View 990 |
| 2012 | $136K | $131K | $35K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $240K, expenses of $228K, and assets of $117K (revenue +0.4% year-over-year).
- 2023: Revenue of $239K, expenses of $227K, and assets of $126K (revenue +2.0% year-over-year).
- 2022: Revenue of $234K, expenses of $224K, and assets of $106K (revenue +51.5% year-over-year).
- 2021: Revenue of $155K, expenses of $153K, and assets of $76K (revenue -21.8% year-over-year).
- 2020: Revenue of $198K, expenses of $196K, and assets of $81K (revenue +9.1% year-over-year).
- 2019: Revenue of $181K, expenses of $193K, and assets of $73K (revenue -5.5% year-over-year).
- 2018: Revenue of $192K, expenses of $202K, and assets of $104K (revenue +14.6% year-over-year).
- 2017: Revenue of $167K, expenses of $148K, and assets of $100K (revenue +0.6% year-over-year).
- 2016: Revenue of $166K, expenses of $160K, and assets of $78K (revenue +2.1% year-over-year).
- 2015: Revenue of $163K, expenses of $166K, and assets of $71K (revenue -13.1% year-over-year).
- 2014: Revenue of $187K, expenses of $149K, and assets of $80K (revenue +37.8% year-over-year).
- 2013: Revenue of $136K, expenses of $133K, and assets of $36K (revenue +0.0% year-over-year).
- 2012: Revenue of $136K, expenses of $131K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kennebec Valley Tourism Council:
Data Sources and Methodology
This transparency report for Kennebec Valley Tourism Council 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.