Maine Rural Water Association
Maine Rural Water Association shows strong program spending and consistent growth with no reported officer compensation.
EIN: 10366057 · Richmond, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $2.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $344K |
| Transparency Score | 92/100 |
Is Maine Rural Water Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Rural Water Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Rural Water Association
Maine Rural Water Association (EIN: 10366057) is a nonprofit organization based in Richmond, ME. The organization reported total revenue of $3.6M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Rural Water Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Rural Water Association is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-6,886 |
| Total Assets | $1.1M |
| Total Liabilities | $754K |
| Net Assets | $344K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 68.7% |
| Months of Reserves | 4.5 months |
Financial Health Grade: C
In 2023, Maine Rural Water Association reported a deficit of $7K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 68.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Rural Water Association's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.5% | +26.2% | -4.3% |
| 2022 | +8.0% | +23.6% | +10.7% |
| 2021 | +14.6% | -0.5% | +37.5% |
| 2020 | +4.8% | +10.1% | +2.9% |
| 2019 | +12.6% | +12.7% | +16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Maine Rural Water Association with a Mission Score of 92 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, Maine Rural Water Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues approaching $3 million. This suggests that executive leadership may be compensated through other mechanisms not classified as officer compensation on the 990, or they are truly unpaid, which would significantly boost program efficiency.
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 Maine Rural Water Association's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure full executive compensation details.
Strengths
The following positive indicators were identified for Maine Rural Water Association:
- Consistent revenue growth over the past decade, from $1.3M in 2014 to $2.9M in 2023.
- Strong program spending efficiency, likely exceeding 90% due to 0% reported officer compensation.
- Positive trend in net assets, growing from a negative position in 2014 to a positive one in 2023 ($1,097,953 assets vs. $753,923 liabilities).
- Expenses closely align with revenue, indicating funds are actively used for mission rather than excessive accumulation.
Frequently Asked Questions about Maine Rural Water Association
Is Maine Rural Water Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Rural Water Association (EIN: 10366057) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Maine Rural Water Association spend its money?
Maine Rural Water Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Rural Water Association tax-deductible?
Maine Rural Water Association is registered as a tax-exempt nonprofit (EIN: 10366057). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maine Rural Water Association CEO make?
Maine Rural Water Association's highest-compensated officer earns $3 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maine Rural Water Association's spending goes to programs?
Maine Rural Water Association directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Rural Water Association located?
Maine Rural Water Association is headquartered in Richmond, Maine and files with the IRS under EIN 10366057.
How many years of IRS 990 filings does Maine Rural Water Association have?
Maine Rural Water Association 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 $3.6M in total revenue.
How does Maine Rural Water Association manage to report 0% officer compensation with nearly $3 million in revenue?
The IRS 990 filings consistently show 0% officer compensation. This could mean that key executives are volunteers, compensated through a related entity, or their compensation is categorized differently on the 990 (e.g., as program service expenses if they are also program staff).
Is the organization financially stable given its close revenue-to-expense ratio?
While expenses often closely match or slightly exceed revenue (e.g., 2023: $2,931,180 expenses vs. $2,924,294 revenue), the organization has consistently grown its assets from $796,103 in 2014 to $1,097,953 in 2023, indicating underlying financial stability and capacity.
What is the trend in the organization's liabilities?
Liabilities have fluctuated but generally decreased relative to assets over the past decade. For example, in 2014, liabilities were $1,057,189 against $796,103 in assets, indicating a negative net asset position. By 2023, liabilities were $753,923 against $1,097,953 in assets, showing a positive and healthier net asset position.
Filing History
IRS 990 filing history for Maine Rural Water Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Rural Water Association's revenue has grown by 99.5%, moving from $1.5M to $2.9M. Total assets increased by 13.9% over the same period, from $964K to $1.1M. Total functional expenses rose by 84.8%, from $1.6M to $2.9M. In its most recent filing year (2023), Maine Rural Water Association reported a deficit of $7K, with expenses exceeding revenue. The organization holds $754K in liabilities against $1.1M in assets (debt-to-asset ratio: 68.7%), resulting in net assets of $344K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.9M | $1.1M | $754K | — | View 990 |
| 2022 | $2.4M | $2.3M | $1.1M | $796K | — | View 990 |
| 2021 | $2.2M | $1.9M | $1.0M | $622K | — | — |
| 2020 | $1.9M | $1.9M | $754K | $653K | — | — |
| 2019 | $1.8M | $1.7M | $732K | $657K | — | View 990 |
| 2018 | $1.6M | $1.5M | $630K | $665K | — | View 990 |
| 2017 | $1.5M | $1.5M | $639K | $774K | — | View 990 |
| 2016 | $1.6M | $1.5M | $702K | $868K | — | View 990 |
| 2015 | $1.5M | $1.4M | $767K | $995K | — | View 990 |
| 2014 | $1.3M | $1.5M | $796K | $1.1M | — | View 990 |
| 2013 | $1.3M | $1.4M | $923K | $1.1M | — | View 990 |
| 2012 | $1.3M | $1.5M | $964K | $1.0M | — | View 990 |
| 2011 | $1.5M | $1.6M | $964K | $821K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.9M, and assets of $1.1M (revenue +23.5% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.3M, and assets of $1.1M (revenue +8.0% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.9M, and assets of $1.0M (revenue +14.6% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $754K (revenue +4.8% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $732K (revenue +12.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $630K (revenue +7.8% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $639K (revenue -3.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $702K (revenue +6.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $767K (revenue +9.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.5M, and assets of $796K (revenue -0.8% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $923K (revenue +1.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.5M, and assets of $964K (revenue -9.3% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $964K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Rural Water Association:
Data Sources and Methodology
This transparency report for Maine Rural Water Association 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.