Northern Aroostook Alternatives Inc
Northern Aroostook Alternatives Inc consistently operates with a surplus and no reported officer compensation.
EIN: 10389416 · Van Buren, ME · NTEE: S200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| Net Assets | $1.4M |
| Transparency Score | 90/100 |
Is Northern Aroostook Alternatives Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern Aroostook Alternatives Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern Aroostook Alternatives Inc
Northern Aroostook Alternatives Inc (EIN: 10389416) is a nonprofit organization based in Van Buren, ME, classified under NTEE code S200. The organization reported total revenue of $1.5M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Aroostook Alternatives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Aroostook Alternatives Inc is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$76K |
| Total Assets | $1.5M |
| Total Liabilities | $30K |
| Net Assets | $1.4M |
| Operating Margin | 5.8% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 14.3 months |
Financial Health Grade: A
In 2024, Northern Aroostook Alternatives Inc reported a surplus of $76K with revenue exceeding expenses, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Northern Aroostook Alternatives Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.5% | +5.8% | +6.0% |
| 2023 | +1.3% | +1.7% | +9.1% |
| 2022 | +33.4% | +13.7% | -4.3% |
| 2021 | -7.3% | -22.3% | -1.9% |
| 2020 | -24.8% | +4.5% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Northern Aroostook Alternatives Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Northern Aroostook Alternatives Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive compensation, which is highly unusual and suggests a volunteer-led or very lean leadership structure, directing all funds to operations.
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 Northern Aroostook Alternatives Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Northern Aroostook Alternatives Inc:
- Consistent financial surpluses (e.g., $76,370 in 2024, $124,352 in 2023).
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Strong and growing asset base with low liabilities, demonstrating financial stability.
- Consistent IRS 990 filing history, indicating good transparency.
- Positive revenue growth trend over recent years.
Frequently Asked Questions about Northern Aroostook Alternatives Inc
Is Northern Aroostook Alternatives Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern Aroostook Alternatives Inc (EIN: 10389416) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Northern Aroostook Alternatives Inc spend its money?
Northern Aroostook Alternatives Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northern Aroostook Alternatives Inc tax-deductible?
Northern Aroostook Alternatives Inc is registered as a tax-exempt nonprofit (EIN: 10389416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northern Aroostook Alternatives Inc's spending goes to programs?
Northern Aroostook Alternatives Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northern Aroostook Alternatives Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Northern Aroostook Alternatives Inc is above average for NTEE category S200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern Aroostook Alternatives Inc located?
Northern Aroostook Alternatives Inc is headquartered in Van Buren, Maine and files with the IRS under EIN 10389416. It is classified under NTEE code S200.
How many years of IRS 990 filings does Northern Aroostook Alternatives Inc have?
Northern Aroostook Alternatives Inc 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 $1.5M in total revenue.
Is Northern Aroostook Alternatives Inc a good charity?
Based on the provided financial data, Northern Aroostook Alternatives Inc appears to be a financially sound and efficient charity. It consistently generates surpluses, maintains a healthy asset-to-liability ratio, and reports no officer compensation, suggesting a strong focus on its mission.
How has the organization's revenue trended over the past five years?
The organization's revenue has shown a positive trend over the past five years, increasing from $1,029,734 in 2020 to $1,309,790 in 2024, indicating growth and stable funding.
What is the organization's asset-to-liability ratio?
In 2024, the organization had assets of $1,473,832 and liabilities of $30,332, resulting in a very strong asset-to-liability ratio of approximately 48.6 to 1, indicating excellent financial stability.
Filing History
IRS 990 filing history for Northern Aroostook Alternatives Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Northern Aroostook Alternatives Inc's revenue has declined by 9.7%, moving from $1.5M to $1.3M. Total assets increased by 23.6% over the same period, from $1.2M to $1.5M. Total functional expenses fell by 12.5%, from $1.4M to $1.2M. In its most recent filing year (2024), Northern Aroostook Alternatives Inc reported a surplus of $76K, with revenue exceeding expenses. The organization holds $30K in liabilities against $1.5M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $1.2M | $1.5M | $30K | — | View 990 |
| 2023 | $1.3M | $1.2M | $1.4M | $24K | — | — |
| 2022 | $1.3M | $1.1M | $1.3M | $32K | — | View 990 |
| 2021 | $955K | $1.0M | $1.3M | $218K | — | — |
| 2020 | $1.0M | $1.3M | $1.4M | $190K | — | View 990 |
| 2019 | $1.4M | $1.2M | $1.5M | $33K | — | View 990 |
| 2018 | $1.3M | $1.2M | $1.3M | $33K | — | View 990 |
| 2017 | $1.2M | $1.1M | $1.3M | $30K | — | View 990 |
| 2016 | $1.2M | $1.2M | $1.3M | $35K | — | View 990 |
| 2015 | $1.1M | $1.2M | $1.2M | $30K | — | View 990 |
| 2014 | $1.2M | $1.1M | $1.3M | $32K | — | View 990 |
| 2013 | $1.6M | $1.5M | $1.2M | $31K | — | View 990 |
| 2012 | $1.5M | $1.4M | $1.2M | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $1.2M, and assets of $1.5M (revenue +1.5% year-over-year).
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $1.4M (revenue +1.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $1.3M (revenue +33.4% year-over-year).
- 2021: Revenue of $955K, expenses of $1.0M, and assets of $1.3M (revenue -7.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.3M, and assets of $1.4M (revenue -24.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $1.5M (revenue +9.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $1.3M (revenue +8.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $1.3M (revenue -4.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $1.3M (revenue +5.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $1.2M (revenue -3.6% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $1.3M (revenue -24.4% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $1.2M (revenue +7.6% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Aroostook Alternatives Inc:
Data Sources and Methodology
This transparency report for Northern Aroostook Alternatives Inc 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.