Lakes Region Television

Lakes Region Television maintains stable finances with zero executive compensation.

EIN: 10476274 · Bridgton, ME · NTEE: A32 · Updated: 2026-03-28

$118KRevenue

$117KAssets

90/100Mission Score (Excellent)

A32

About Lakes Region Television

Lakes Region Television (EIN: 10476274) is a nonprofit organization based in Bridgton, ME, classified under NTEE code A32. The organization reported total revenue of $118K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Region Television's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Lakes Region Television demonstrates consistent financial activity, with revenues and expenses generally hovering around the $100,000 to $150,000 mark over the past decade. The organization has maintained a healthy asset base, currently at $116,758, which has shown growth from $67,145 in 2011. Liabilities have consistently remained very low, indicating strong financial management and minimal debt burden. The organization's commitment to transparency is evident through its consistent filing of IRS Form 990s, with nine filings available, and the explicit reporting of 0% officer compensation across all periods, which is a significant positive indicator for a nonprofit of this size.

While specific program spending details are not provided in the summary data, the absence of officer compensation suggests that a substantial portion of expenses is likely directed towards operational costs and program delivery. The organization has experienced periods where expenses exceeded revenue, such as in 2024 ($134,724 expenses vs. $116,326 revenue) and 2022 ($113,850 expenses vs. $110,659 revenue), which can lead to a slight draw on reserves but is not uncommon for smaller nonprofits managing fluctuating funding. Overall, Lakes Region Television appears to be a financially stable and transparent organization, effectively managing its resources with a clear focus on its mission, as evidenced by its minimal liabilities and zero executive compensation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Lakes Region Television with a Mission Score of 90 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: 90%
fundraising: 0%

According to IRS 990 filings, Lakes Region Television allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size with revenues around $100,000-$150,000.

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 Lakes Region Television:

Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
Consistently low liabilities, demonstrating strong financial management and minimal debt.
Stable asset base, growing from $67,145 in 2011 to $116,758 currently, indicating financial resilience.
Consistent IRS 990 filing history (9 filings), showing strong transparency and compliance.
Revenue and expenses generally stable over the past decade, indicating predictable operations.

Frequently Asked Questions about Lakes Region Television

Is Lakes Region Television a good charity?

Based on the provided financial data, Lakes Region Television appears to be a good charity. It demonstrates strong financial health with low liabilities, consistent revenue, and, most notably, zero officer compensation reported across all filings, suggesting a high dedication of resources to its mission.

How does Lakes Region Television manage its expenses?

Lakes Region Television generally manages its expenses well, keeping them in line with its revenue. While there have been periods where expenses slightly exceeded revenue (e.g., $134,724 expenses vs. $116,326 revenue in 2024), its consistent low liabilities and stable asset base indicate prudent financial management.

What is the financial trend of Lakes Region Television?

Lakes Region Television shows a stable financial trend over the past decade, with revenues and expenses consistently in the $100,000-$150,000 range. Assets have grown from $67,145 in 2011 to $116,758 currently, demonstrating long-term financial stability.

Filing History

IRS 990 filing history for Lakes Region Television showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2024), Lakes Region Television's revenue has grown by 66.8%, moving from $70K to $116K. Total assets increased by 107.9% over the same period, from $67K to $140K. Total functional expenses rose by 82%, from $74K to $135K. In its most recent filing year (2024), Lakes Region Television reported a deficit of $18K, with expenses exceeding revenue. The organization holds $2K in liabilities against $140K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $137K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$116K	$135K	$140K	$2K	—	—
2023	$126K	$121K	$158K	$2K	—	View 990
2022	$111K	$114K	$151K	$29	—	View 990
2021	$101K	$110K	$154K	$20	—	View 990
2020	$119K	$107K	$163K	$23	—	View 990
2019	$151K	$96K	$152K	$1	—	View 990
2018	$112K	$99K	$96K	$18	—	View 990
2012	$97K	$90K	$74K	$11	—	View 990
2011	$70K	$74K	$67K	$1K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $116K, expenses of $135K, and assets of $140K (revenue -7.5% year-over-year).
2023: Revenue of $126K, expenses of $121K, and assets of $158K (revenue +13.6% year-over-year).
2022: Revenue of $111K, expenses of $114K, and assets of $151K (revenue +9.8% year-over-year).
2021: Revenue of $101K, expenses of $110K, and assets of $154K (revenue -15.3% year-over-year).
2020: Revenue of $119K, expenses of $107K, and assets of $163K (revenue -21.3% year-over-year).
2019: Revenue of $151K, expenses of $96K, and assets of $152K (revenue +35.4% year-over-year).
2018: Revenue of $112K, expenses of $99K, and assets of $96K (revenue +14.6% year-over-year).
2012: Revenue of $97K, expenses of $90K, and assets of $74K (revenue +39.7% year-over-year).
2011: Revenue of $70K, expenses of $74K, and assets of $67K.

Data Sources and Methodology

This transparency report for Lakes Region Television 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.