Local Solutions
Local Solutions: Declining Revenue, Strong Asset Growth
EIN: 222582318 · Bar Harbor, ME · Updated: 2026-04-04
About Local Solutions
Local Solutions (EIN: 222582318) is a nonprofit organization based in Bar Harbor, ME. The organization reported total revenue of $53K and total assets of $248K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Solutions's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local Solutions with a Mission Score of 75 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: 70%
- fundraising: 15%
According to IRS 990 filings, Local Solutions allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the given data.
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 Local Solutions's IRS 990 filings:
- Consistent decline in revenue from $86,104 in 2018 to $27,262 in 2022, raising sustainability concerns.
- Significant expense spike in 2016 ($224,670) compared to revenue ($61,930) without clear explanation.
Strengths
The following positive indicators were identified for Local Solutions:
- Strong and consistent growth in total assets from $106,645 in 2018 to $164,660 in 2022.
- Zero reported liabilities in recent years (2015-2018, 2020-2022), indicating financial stability.
- Positive net assets across all reported years.
Frequently Asked Questions about Local Solutions
What does Local Solutions do?
Local Solutions is a nonprofit organization in the Unknown sector, located in Bar Harbor, Maine. It is classified under NTEE code Unknown.
How much revenue does Local Solutions have?
Local Solutions reported total revenue of $53,206. Based on 9 IRS 990 filings on record.
What are Local Solutions's total assets?
Local Solutions holds total assets of $247,775 as reported in IRS 990 filings.
Where is Local Solutions located?
Local Solutions is based in Bar Harbor, Maine.
What is Local Solutions's EIN?
Local Solutions's Employer Identification Number (EIN) is 222582318. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Local Solutions?
Local Solutions is classified under NTEE code Unknown (Unknown).
Is Local Solutions a registered 501(c)(3)?
Local Solutions appears in IRS records (EIN: 222582318). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Local Solutions file IRS Form 990?
Yes, Local Solutions has 9 IRS Form 990 filings on record. The most recent covers tax period 202206.
What was Local Solutions's revenue in 2022?
In the 202206 filing period, Local Solutions reported total revenue of $27,262, total expenses of $10,852, and net assets of $164,660.
Is Local Solutions's revenue growing or declining?
Local Solutions's revenue is declining. Revenue went from $32,675 (202106) to $27,262 (202206), a -16.6% change. Based on 9 filings on record.
What is Local Solutions's most recent 990 filing?
The most recent IRS Form 990 filing for Local Solutions covers tax period 202206. It shows revenue of $27,262, expenses of $10,852, total assets of $164,660, and liabilities of N/A.
How much does Local Solutions spend on programs vs administration?
Based on IRS 990 analysis, Local Solutions allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Local Solutions a trustworthy charity?
Based on AI analysis of IRS 990 data, Local Solutions appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Local Solutions?
The following concerns were identified: Consistent decline in revenue from $86,104 in 2018 to $27,262 in 2022, raising sustainability concerns.. Significant expense spike in 2016 ($224,670) compared to revenue ($61,930) without clear explanation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Local Solutions's strengths?
Positive indicators for Local Solutions include: Strong and consistent growth in total assets from $106,645 in 2018 to $164,660 in 2022.. Zero reported liabilities in recent years (2015-2018, 2020-2022), indicating financial stability.. Positive net assets across all reported years.. These findings are derived from AI analysis of the organization's financial filings.
How does Local Solutions compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Local Solutions?
• 2022 revenue of $27,262 is a significant drop from $86,104 in 2018. • Total assets have grown consistently, reaching $164,660 in 2022 from $106,645 in 2018. • No liabilities reported in 2022, indicating a healthy balance sheet. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the substantial decline in revenue from 2018 to 2022, and what strategies are in place to reverse this trend?
The data shows a consistent drop from $86,104 in 2018 to $27,262 in 2022. Without further context, it's unclear if this is due to changes in funding, program scope, or other external factors. A detailed explanation of revenue diversification and fundraising strategies would be crucial.
Given the significant expense of $224,670 in 2016 against revenue of $61,930, what was the nature of this expenditure and how was it funded?
This large expense in 2016, which far exceeded revenue, suggests a major one-time investment or operational cost. Understanding its purpose (e.g., capital improvements, new program launch) and how the deficit was covered (e.g., reserves, loans) is vital for financial transparency.
Filing History
IRS 990 filing history for Local Solutions showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2022), Local Solutions's revenue has declined by 73.7%, moving from $104K to $27K. Total assets increased by 20.3% over the same period, from $137K to $165K. Total functional expenses rose by 184.5%, from $4K to $11K. In its most recent filing year (2022), Local Solutions reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $27K | $11K | $165K | $0 | — | View 990 |
| 2021 | $33K | $22K | $148K | $0 | — | — |
| 2020 | $45K | $17K | $137K | $0 | — | View 990 |
| 2019 | $58K | $52K | $110K | $50 | — | View 990 |
| 2018 | $86K | $68K | $107K | $3K | — | — |
| 2017 | $58K | $16K | $85K | $0 | — | View 990 |
| 2016 | $62K | $225K | $43K | $0 | — | View 990 |
| 2015 | $77K | $8K | $206K | $0 | — | View 990 |
| 2014 | $104K | $4K | $137K | $668 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $27K, expenses of $11K, and assets of $165K (revenue -16.6% year-over-year).
- 2021: Revenue of $33K, expenses of $22K, and assets of $148K (revenue -26.7% year-over-year).
- 2020: Revenue of $45K, expenses of $17K, and assets of $137K (revenue -23.2% year-over-year).
- 2019: Revenue of $58K, expenses of $52K, and assets of $110K (revenue -32.6% year-over-year).
- 2018: Revenue of $86K, expenses of $68K, and assets of $107K (revenue +49.6% year-over-year).
- 2017: Revenue of $58K, expenses of $16K, and assets of $85K (revenue -7.1% year-over-year).
- 2016: Revenue of $62K, expenses of $225K, and assets of $43K (revenue -19.5% year-over-year).
- 2015: Revenue of $77K, expenses of $8K, and assets of $206K (revenue -25.8% year-over-year).
- 2014: Revenue of $104K, expenses of $4K, and assets of $137K.
Data Sources and Methodology
This transparency report for Local Solutions 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.