Moosehead Lake Region Chamber Of Commerce

Moosehead Lake Region Chamber Of Commerce frequently operates at a deficit, with 0% officer compensation.

EIN: 10265275 · Greenville, ME · NTEE: S41Z · Updated: 2026-03-28

$98KRevenue

$28KAssets

75/100Mission Score (Good)

S41Z

About Moosehead Lake Region Chamber Of Commerce

Moosehead Lake Region Chamber Of Commerce (EIN: 10265275) is a nonprofit organization based in Greenville, ME, classified under NTEE code S41Z. The organization reported total revenue of $98K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Moosehead Lake Region Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Moosehead Lake Region Chamber Of Commerce demonstrates consistent operational activity, with revenues and expenses generally fluctuating around the $100,000 to $150,000 range over the past several years. In the latest period (202312), the organization reported revenues of $99,061 against expenses of $109,343, indicating a slight deficit for the year. This trend of expenses occasionally exceeding revenue is observed in several periods, such as 202312, 202112, 201809, 201709, and 201609, suggesting that the organization sometimes operates with a narrow margin or draws from reserves. 

Asset levels have varied, reaching a high of $103,298 in 201509 but more recently standing at $42,608 in 202312. Liabilities have generally been low, with $1,700 in 202312, indicating a healthy balance sheet in terms of debt. A significant strength is the consistent reporting of 0% officer compensation across all available filings, which suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, contributing to lower administrative overhead. 

While specific program spending percentages are not detailed in the provided data, the absence of officer compensation is a positive indicator for efficiency. The organization's consistent filing history demonstrates a commitment to transparency through regular IRS reporting. However, the recurring operational deficits in some years warrant attention to ensure long-term financial stability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Moosehead Lake Region Chamber Of Commerce 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: 80%
fundraising: 5%

According to IRS 990 filings, Moosehead Lake Region Chamber Of Commerce allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of this size.

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 Moosehead Lake Region Chamber Of Commerce's IRS 990 filings:

Frequent operational deficits (e.g., $10,282 deficit in 202312, $290 deficit in 202112, $16,446 deficit in 201809)
Fluctuating asset levels, indicating potential instability in reserves.

Strengths

The following positive indicators were identified for Moosehead Lake Region Chamber Of Commerce:

Consistent 0% officer compensation across all filings, indicating low administrative overhead related to executive pay.
Low liabilities in most periods (e.g., $1,700 in 202312, $0 in 202212), suggesting good debt management.
Long history of IRS 990 filings (14 filings), demonstrating commitment to transparency.

Frequently Asked Questions about Moosehead Lake Region Chamber Of Commerce

Is Moosehead Lake Region Chamber Of Commerce financially stable?

The organization's financial stability shows some variability. While assets are generally positive, several periods (e.g., 202312, 202112, 201809) show expenses exceeding revenue, indicating a reliance on prior reserves or fluctuating income streams. However, low liabilities are a positive sign.

How efficient is Moosehead Lake Region Chamber Of Commerce with its spending?

The organization appears efficient, particularly given the consistent 0% officer compensation reported. This suggests a significant portion of funds can be directed towards its mission, though specific program spending details are not provided in the summary data.

What are the primary sources of revenue for the Chamber?

The provided data only shows total revenue figures, not specific sources. For example, in 202312, revenue was $99,061. A deeper dive into the full 990 forms would be needed to identify primary revenue streams like membership dues, event income, or grants.

Filing History

IRS 990 filing history for Moosehead Lake Region Chamber Of Commerce showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Moosehead Lake Region Chamber Of Commerce's revenue has declined by 12.6%, moving from $113K to $99K. Total assets decreased by 45.5% over the same period, from $78K to $43K. Total functional expenses fell by 2.8%, from $112K to $109K. In its most recent filing year (2023), Moosehead Lake Region Chamber Of Commerce reported a deficit of $10K, with expenses exceeding revenue. The organization holds $2K in liabilities against $43K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $41K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$99K	$109K	$43K	$2K	—	—
2022	$124K	$120K	$51K	$0	—	View 990
2021	$97K	$98K	$47K	$0	—	View 990
2020	$98K	$84K	$50K	$3K	—	View 990
2019	$43K	$14K	$34K	$0	—	View 990
2019	$78K	$79K	$11K	$6K	—	View 990
2018	$120K	$136K	$31K	$26K	—	View 990
2017	$153K	$161K	$25K	$4K	—	View 990
2016	$125K	$139K	$53K	$24K	—	View 990
2015	$102K	$105K	$103K	$59K	—	View 990
2014	$97K	$92K	$92K	$46K	—	View 990
2013	$112K	$111K	$76K	$35K	—	View 990
2012	$120K	$119K	$73K	$32K	—	View 990
2011	$113K	$112K	$78K	$38K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $99K, expenses of $109K, and assets of $43K (revenue -20.1% year-over-year).
2022: Revenue of $124K, expenses of $120K, and assets of $51K (revenue +27.3% year-over-year).
2021: Revenue of $97K, expenses of $98K, and assets of $47K (revenue -0.4% year-over-year).
2020: Revenue of $98K, expenses of $84K, and assets of $50K (revenue +127.3% year-over-year).
2019: Revenue of $43K, expenses of $14K, and assets of $34K (revenue -45.2% year-over-year).
2019: Revenue of $78K, expenses of $79K, and assets of $11K (revenue -34.6% year-over-year).
2018: Revenue of $120K, expenses of $136K, and assets of $31K (revenue -21.4% year-over-year).
2017: Revenue of $153K, expenses of $161K, and assets of $25K (revenue +22.1% year-over-year).
2016: Revenue of $125K, expenses of $139K, and assets of $53K (revenue +22.5% year-over-year).
2015: Revenue of $102K, expenses of $105K, and assets of $103K (revenue +4.8% year-over-year).
2014: Revenue of $97K, expenses of $92K, and assets of $92K (revenue -13.3% year-over-year).
2013: Revenue of $112K, expenses of $111K, and assets of $76K (revenue -6.3% year-over-year).
2012: Revenue of $120K, expenses of $119K, and assets of $73K (revenue +5.6% year-over-year).
2011: Revenue of $113K, expenses of $112K, and assets of $78K.

Data Sources and Methodology

This transparency report for Moosehead Lake Region Chamber Of Commerce 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.