Northeastern Lumber Mfrs Assoc

Northeastern Lumber Mfrs Assoc maintains stable finances with consistent revenue and expenses, reporting 0% officer compensation.

EIN: 131113340 · Cumberlnd Ctr, ME · Updated: 2026-03-28

$2.6MRevenue

$1.3MAssets

70/100Mission Score (Good)

About Northeastern Lumber Mfrs Assoc

Northeastern Lumber Mfrs Assoc (EIN: 131113340) is a nonprofit organization based in Cumberlnd Ctr, ME. The organization reported total revenue of $2.6M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeastern Lumber Mfrs Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Northeastern Lumber Mfrs Assoc (NELMA) demonstrates consistent financial operations, with revenues and expenses generally in close alignment over the past decade, hovering around $2.3 million annually. The organization's assets have remained stable, typically between $1.2 million and $1.5 million, indicating a steady financial base. A notable aspect of NELMA's financial health is the consistent reporting of 0% officer compensation across all available filings, which suggests either a volunteer-led executive structure or compensation being reported under other expense categories, warranting further investigation for complete transparency. The organization's liabilities have generally been low relative to its assets, though there was a noticeable increase in liabilities to $196,811 in 2023 from $83,729 in 2022, which should be monitored.

Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent near-breakeven financial performance, with expenses often slightly exceeding revenue in recent years (e.g., $2,478,758 expenses vs. $2,357,507 revenue in 2023), suggests that the organization is spending its income to support its operations. The lack of reported officer compensation could imply high efficiency if executive functions are truly volunteer-based, or it could obscure compensation if it's categorized differently. For a complete picture of spending efficiency, a detailed breakdown of how expenses are allocated across program, administrative, and fundraising activities would be crucial.

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. However, the 0% officer compensation reported across all filings raises questions about the full disclosure of executive remuneration, which is a key aspect of financial transparency for many nonprofits. While not necessarily a red flag, it warrants further inquiry to understand the compensation structure fully. The organization's asset and liability figures are clearly reported, providing a good overview of its balance sheet.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Northeastern Lumber Mfrs Assoc with a Mission Score of 70 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: 75%
fundraising: 10%

According to IRS 990 filings, Northeastern Lumber Mfrs Assoc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization with over $2 million in annual revenue and suggests either a fully volunteer executive leadership or that compensation is reported under other expense categories, requiring further clarification for complete transparency.

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 Northeastern Lumber Mfrs Assoc's IRS 990 filings:

Consistent 0% officer compensation reported, which is unusual for an organization with over $2 million in revenue and warrants further investigation for transparency.
Expenses slightly exceeding revenue in recent years (e.g., 2023: $2,478,758 expenses vs. $2,357,507 revenue), indicating a slight operating deficit.
Increase in liabilities from $83,729 in 2022 to $196,811 in 2023, which, while still manageable, is a notable jump.

Strengths

The following positive indicators were identified for Northeastern Lumber Mfrs Assoc:

Consistent financial stability with revenues and assets remaining steady over a decade.
Regular and consistent filing of IRS Form 990s (13 filings), indicating good compliance and transparency in reporting.
Relatively low liabilities compared to assets for most of the reported period, suggesting a healthy balance sheet.
Stable asset base, typically between $1.2 million and $1.5 million, providing a solid financial foundation.

Frequently Asked Questions about Northeastern Lumber Mfrs Assoc

Is Northeastern Lumber Mfrs Assoc a good charity?

Based on the available data, NELMA appears to be a financially stable organization with consistent operations. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) and clarification on the 0% officer compensation, a definitive assessment of its 'goodness' as a charity, particularly regarding spending efficiency and executive transparency, is limited. Its consistent financial reporting is a positive sign.

How does NELMA fund its operations?

NELMA primarily funds its operations through its annual revenue, which has consistently been around $2.3 million. The filings show that expenses generally align closely with revenue, indicating that the organization spends its income to support its activities.

What is the trend in NELMA's financial health?

NELMA's financial health has been remarkably stable over the past decade. Revenues and expenses have consistently hovered around the $2.3 million mark, and assets have remained robust, typically between $1.2 million and $1.5 million. While there's a slight trend of expenses exceeding revenue in recent years, the overall picture is one of consistent financial stability.

Why is officer compensation reported as 0%?

The consistent reporting of 0% officer compensation is unusual for an organization of this size. It could indicate that executive leadership is entirely volunteer-based, or that compensation for officers is categorized under other expense lines (e.g., salaries and wages for staff, or professional fees) rather than explicitly as 'officer compensation' on the 990 form. Further detail from the organization would be needed to clarify this.

Filing History

IRS 990 filing history for Northeastern Lumber Mfrs Assoc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Northeastern Lumber Mfrs Assoc's revenue has grown by 6.9%, moving from $2.2M to $2.4M. Total assets increased by 13.6% over the same period, from $1.1M to $1.2M. Total functional expenses rose by 11.4%, from $2.2M to $2.5M. In its most recent filing year (2023), Northeastern Lumber Mfrs Assoc reported a deficit of $121K, with expenses exceeding revenue. The organization holds $197K in liabilities against $1.2M in assets (debt-to-asset ratio: 16.0%), resulting in net assets of $1.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.4M	$2.5M	$1.2M	$197K	—	—
2022	$2.4M	$2.5M	$1.2M	$84K	—	—
2021	$2.3M	$2.4M	$1.4M	$82K	—	View 990
2020	$2.3M	$2.2M	$1.4M	$43K	—	View 990
2019	$2.3M	$2.4M	$1.4M	$36K	—	View 990
2018	$2.3M	$2.3M	$1.5M	$28K	—	View 990
2017	$2.3M	$2.2M	$1.5M	$28K	—	View 990
2016	$2.3M	$2.2M	$1.4M	$49K	—	View 990
2015	$2.3M	$2.2M	$1.3M	$35K	—	View 990
2014	$2.3M	$2.3M	$1.1M	$19K	—	View 990
2013	$2.3M	$2.3M	$1.1M	$8K	—	View 990
2012	$2.3M	$2.3M	$1.1M	$8K	—	View 990
2011	$2.2M	$2.2M	$1.1M	$21K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.4M, expenses of $2.5M, and assets of $1.2M (revenue -0.2% year-over-year).
2022: Revenue of $2.4M, expenses of $2.5M, and assets of $1.2M (revenue +1.9% year-over-year).
2021: Revenue of $2.3M, expenses of $2.4M, and assets of $1.4M (revenue +2.9% year-over-year).
2020: Revenue of $2.3M, expenses of $2.2M, and assets of $1.4M (revenue -3.0% year-over-year).
2019: Revenue of $2.3M, expenses of $2.4M, and assets of $1.4M (revenue -0.5% year-over-year).
2018: Revenue of $2.3M, expenses of $2.3M, and assets of $1.5M (revenue +0.9% year-over-year).
2017: Revenue of $2.3M, expenses of $2.2M, and assets of $1.5M (revenue -0.5% year-over-year).
2016: Revenue of $2.3M, expenses of $2.2M, and assets of $1.4M (revenue -0.4% year-over-year).
2015: Revenue of $2.3M, expenses of $2.2M, and assets of $1.3M (revenue +1.6% year-over-year).
2014: Revenue of $2.3M, expenses of $2.3M, and assets of $1.1M (revenue +1.4% year-over-year).
2013: Revenue of $2.3M, expenses of $2.3M, and assets of $1.1M (revenue -2.2% year-over-year).
2012: Revenue of $2.3M, expenses of $2.3M, and assets of $1.1M (revenue +5.1% year-over-year).
2011: Revenue of $2.2M, expenses of $2.2M, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Northeastern Lumber Mfrs Assoc 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.