North Atlantic Figure Skating Club
North Atlantic Figure Skating Club shows consistent financial health with zero liabilities and no officer compensation.
EIN: 10518428 · Falmouth, ME · NTEE: N70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $390K |
| Total Expenses | $277K |
| Program Spending | 90% |
| Net Assets | $196K |
| Transparency Score | 92/100 |
Is North Atlantic Figure Skating Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Atlantic Figure Skating Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Atlantic Figure Skating Club
North Atlantic Figure Skating Club (EIN: 10518428) is a nonprofit organization based in Falmouth, ME, classified under NTEE code N70. The organization reported total revenue of $390K and total assets of $264K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Atlantic Figure Skating Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Atlantic Figure Skating Club is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $321K |
| Total Expenses | $277K |
| Surplus / Deficit | +$44K |
| Total Assets | $196K |
| Net Assets | $196K |
| Operating Margin | 13.8% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, North Atlantic Figure Skating Club reported a surplus of $44K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), North Atlantic Figure Skating Club's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.5% | +39.3% | +29.2% |
| 2022 | +43.4% | +36.9% | +5.3% |
| 2021 | -14.1% | -17.4% | -0.9% |
| 2020 | -12.4% | -21.1% | -5.4% |
| 2019 | -14.6% | -3.4% | -17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 North Atlantic Figure Skating Club 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, North Atlantic Figure Skating Club 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 surplus of $44K, with revenue exceeding expenses.
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, allowing more resources to be allocated directly to its mission.
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 North Atlantic Figure Skating Club:
- Consistent reporting of $0 liabilities across all filings.
- 0% officer compensation, indicating efficient resource allocation.
- Positive net assets and growth in assets over the decade.
- Generally operates with a financial surplus, especially in recent years (e.g., 202306: $321,442 revenue vs. $277,193 expenses).
- Strong transparency with 13 years of available IRS 990 filings.
Frequently Asked Questions about North Atlantic Figure Skating Club
Is North Atlantic Figure Skating Club a legitimate charity?
North Atlantic Figure Skating Club (EIN: 10518428) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $390K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does North Atlantic Figure Skating Club spend its money?
North Atlantic Figure Skating Club directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to North Atlantic Figure Skating Club tax-deductible?
North Atlantic Figure Skating Club is registered as a tax-exempt nonprofit (EIN: 10518428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Atlantic Figure Skating Club's spending goes to programs?
North Atlantic Figure Skating Club directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North Atlantic Figure Skating Club compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), North Atlantic Figure Skating Club is above average for NTEE category N70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North Atlantic Figure Skating Club located?
North Atlantic Figure Skating Club is headquartered in Falmouth, Maine and files with the IRS under EIN 10518428. It is classified under NTEE code N70.
How many years of IRS 990 filings does North Atlantic Figure Skating Club have?
North Atlantic Figure Skating Club 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 $390K in total revenue.
Is North Atlantic Figure Skating Club a good charity?
Based on the available IRS 990 data, the North Atlantic Figure Skating Club appears to be a good charity. It consistently reports zero liabilities, indicating strong financial management, and zero officer compensation, suggesting a high dedication of resources to its programs. Its assets have grown, and it generally operates with a surplus.
How has the organization's revenue trended over the past decade?
The organization's revenue has fluctuated but shown an overall upward trend, from $285,403 in 201406 to $321,442 in 202306, with a peak in the latest period after some dips in earlier years.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its executive leadership is not compensated through traditional officer salaries, which is a positive indicator for resource allocation.
Does the organization carry any debt?
No, the organization consistently reports $0 in liabilities across all 13 available IRS 990 filings, indicating a debt-free financial status.
Filing History
IRS 990 filing history for North Atlantic Figure Skating Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Atlantic Figure Skating Club's revenue has grown by 82.7%, moving from $176K to $321K. Total assets increased by 29.2% over the same period, from $151K to $196K. Total functional expenses rose by 37.4%, from $202K to $277K. In its most recent filing year (2023), North Atlantic Figure Skating Club reported a surplus of $44K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $321K | $277K | $196K | $0 | — | — |
| 2022 | $207K | $199K | $152K | $0 | — | View 990 |
| 2021 | $144K | $145K | $144K | $0 | — | — |
| 2020 | $168K | $176K | $145K | $0 | — | View 990 |
| 2019 | $192K | $223K | $154K | $0 | — | View 990 |
| 2018 | $224K | $231K | $185K | $0 | — | View 990 |
| 2017 | $232K | $231K | $192K | $0 | — | View 990 |
| 2016 | $242K | $251K | $190K | $0 | — | View 990 |
| 2015 | $258K | $248K | $199K | $0 | — | View 990 |
| 2014 | $285K | $256K | $186K | $0 | — | View 990 |
| 2013 | $210K | $209K | $157K | $0 | — | View 990 |
| 2012 | $165K | $161K | $156K | $0 | — | View 990 |
| 2011 | $176K | $202K | $151K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $321K, expenses of $277K, and assets of $196K (revenue +55.5% year-over-year).
- 2022: Revenue of $207K, expenses of $199K, and assets of $152K (revenue +43.4% year-over-year).
- 2021: Revenue of $144K, expenses of $145K, and assets of $144K (revenue -14.1% year-over-year).
- 2020: Revenue of $168K, expenses of $176K, and assets of $145K (revenue -12.4% year-over-year).
- 2019: Revenue of $192K, expenses of $223K, and assets of $154K (revenue -14.6% year-over-year).
- 2018: Revenue of $224K, expenses of $231K, and assets of $185K (revenue -3.3% year-over-year).
- 2017: Revenue of $232K, expenses of $231K, and assets of $192K (revenue -4.1% year-over-year).
- 2016: Revenue of $242K, expenses of $251K, and assets of $190K (revenue -6.2% year-over-year).
- 2015: Revenue of $258K, expenses of $248K, and assets of $199K (revenue -9.5% year-over-year).
- 2014: Revenue of $285K, expenses of $256K, and assets of $186K (revenue +35.8% year-over-year).
- 2013: Revenue of $210K, expenses of $209K, and assets of $157K (revenue +27.2% year-over-year).
- 2012: Revenue of $165K, expenses of $161K, and assets of $156K (revenue -6.0% year-over-year).
- 2011: Revenue of $176K, expenses of $202K, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Atlantic Figure Skating Club:
Data Sources and Methodology
This transparency report for North Atlantic Figure Skating Club 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.