Laudholm Trust

Laudholm Trust maintains strong asset growth and zero executive compensation amidst fluctuating annual revenues and expenses.

EIN: 10380763 · Wells, ME · NTEE: C300 · Updated: 2026-03-28

$927KRevenue

$11.9MAssets

90/100Mission Score (Excellent)

C300

About Laudholm Trust

Laudholm Trust (EIN: 10380763) is a nonprofit organization based in Wells, ME, classified under NTEE code C300. The organization reported total revenue of $927K and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laudholm Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Laudholm Trust demonstrates a generally stable financial position with consistent revenue streams, averaging around $850,000 annually over the past decade. The organization has shown healthy asset growth, increasing from $5.8 million in 2014 to over $11 million in 2023, indicating effective asset management and potentially successful fundraising efforts. While expenses have occasionally exceeded revenue, such as in 2023 ($1,042,242 expenses vs. $954,746 revenue) and 2022 ($861,838 expenses vs. $791,469 revenue), these deficits appear to be covered by existing assets and do not suggest a long-term solvency issue. The consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries, which is a significant positive for donor confidence.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Laudholm Trust 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: 85%
fundraising: 5%

According to IRS 990 filings, Laudholm Trust 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.

Executive Compensation Analysis

Laudholm Trust consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size with over $11 million in assets.

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 Laudholm Trust's IRS 990 filings:

Expenses exceeded revenue in the most recent two fiscal periods (2023 and 2022), though covered by assets.

Strengths

The following positive indicators were identified for Laudholm Trust:

Consistent 0% officer compensation across all filings, indicating high transparency and mission focus.
Significant asset growth from $5.8 million in 2014 to over $11 million in 2023, demonstrating strong financial management.
Stable revenue generation over the past decade, averaging around $850,000 annually.

Frequently Asked Questions about Laudholm Trust

Is Laudholm Trust a good charity?

Based on the provided data, Laudholm Trust appears to be a good charity. It demonstrates strong asset growth, consistent revenue generation, and a highly transparent approach to executive compensation (0%). While there are occasional years where expenses exceed revenue, the overall financial health and commitment to mission over executive pay are positive indicators.

How has Laudholm Trust's financial health changed over the past decade?

Laudholm Trust's financial health has generally improved over the past decade. Assets have nearly doubled from $5.8 million in 2014 to over $11 million in 2023, indicating strong financial management and growth. Revenue has remained relatively stable, averaging around $850,000 annually, with some fluctuations.

What is Laudholm Trust's approach to executive compensation?

Laudholm Trust has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation across all 12 available IRS 990 filings. This means no salaries are paid to officers, directing more funds towards their mission.

Filing History

IRS 990 filing history for Laudholm Trust showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Laudholm Trust's revenue has grown by 103.3%, moving from $470K to $955K. Total assets increased by 136.5% over the same period, from $4.7M to $11.1M. Total functional expenses rose by 86.7%, from $558K to $1.0M. In its most recent filing year (2023), Laudholm Trust reported a deficit of $87K, with expenses exceeding revenue. The organization holds $172K in liabilities against $11.1M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $10.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$955K	$1.0M	$11.1M	$172K	—	View 990
2022	$791K	$862K	$10.0M	$173K	—	View 990
2021	$1.0M	$774K	$11.1M	$150K	—	View 990
2020	$882K	$806K	$9.0M	$104K	—	View 990
2019	$850K	$679K	$8.6M	$123K	—	View 990
2018	$995K	$695K	$7.6M	$138K	—	View 990
2017	$800K	$685K	$6.9M	$188K	—	View 990
2016	$732K	$607K	$6.3M	$172K	—	View 990
2015	$853K	$689K	$6.1M	$147K	—	View 990
2014	$627K	$585K	$5.8M	$156K	—	View 990
2013	$650K	$590K	$5.2M	$161K	—	View 990
2012	$470K	$558K	$4.7M	$16K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $955K, expenses of $1.0M, and assets of $11.1M (revenue +20.6% year-over-year).
2022: Revenue of $791K, expenses of $862K, and assets of $10.0M (revenue -22.7% year-over-year).
2021: Revenue of $1.0M, expenses of $774K, and assets of $11.1M (revenue +16.1% year-over-year).
2020: Revenue of $882K, expenses of $806K, and assets of $9.0M (revenue +3.8% year-over-year).
2019: Revenue of $850K, expenses of $679K, and assets of $8.6M (revenue -14.6% year-over-year).
2018: Revenue of $995K, expenses of $695K, and assets of $7.6M (revenue +24.4% year-over-year).
2017: Revenue of $800K, expenses of $685K, and assets of $6.9M (revenue +9.2% year-over-year).
2016: Revenue of $732K, expenses of $607K, and assets of $6.3M (revenue -14.1% year-over-year).
2015: Revenue of $853K, expenses of $689K, and assets of $6.1M (revenue +36.0% year-over-year).
2014: Revenue of $627K, expenses of $585K, and assets of $5.8M (revenue -3.4% year-over-year).
2013: Revenue of $650K, expenses of $590K, and assets of $5.2M (revenue +38.4% year-over-year).
2012: Revenue of $470K, expenses of $558K, and assets of $4.7M.

Data Sources and Methodology

This transparency report for Laudholm Trust 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.